Holcombe (2004) has written an interesting and challenging but ultimately fallacious essay on government. In his view, this institution is “unnecessary, but inevitable.” I heartily agree with the former contention, but adamantly reject the latter. Worse is the implication for him of the supposed inevitability of the state: since it will come about in any case, we men of good will should strive to set one up ourselves in cases where this has not yet come about, so that our version of it may serve to stave off a later and more virulent strain of it. Says Holcombe (2004, 326): “If people create their own government preemptively, they can design a government that may be less predatory than the one that outside aggressors otherwise would impose on them.” This is akin to the cowpox smallpox technique. Infect the patient with the former, which is a mild strain, so that his white blood cells can create antibodies to fight it off; then, when the stronger smallpox attacked, the defenses would already be set up, and strengthened, able to fight off the disease.
The Fed isn’t here to take away the punch bowl anymore. The Fed is the punch bowl. Original Article: “The Fed Plans to Raise Interest Rates— Years from Now“ This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
These days it’s not your typical latte-sipping millennials who are going woke. Taking a stroll around America’s largest metro areas will have one believe social justice is the latest fad that’s sweeping across corporate boardrooms. Much has been written about woke capital—businesses’ recent pivot to signal their affinity for leftist movements—and what it means for […]
The recent felony conviction and eight month prison sentence of January 6th protester Paul Hodgkins is an affront to any notion of justice. It is a political charge and a political verdict by a political court. Every American regardless of political persuasion should be terrified of a court system so beholden to politics instead of […]