BenjaminJThompson
BenjaminJThompson

Revealed Preferences in Government Shutdowns

The US federal government, thanks to central banking, has an unlimited power to spend, so it almost never has to sacrifice anything to get what it wants. But there are a few brief moments where some procedural rules force Congress to act as if it had a finite budget. These “government shutdowns” give us a […]

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The Runaway Watchman

An upcoming miniseries by Paramount about the 1993 Waco massacre has kicked up some fresh discussion of the events. If you are unfamiliar with the story, a recent episode of the Scott Horton Show will fill you in. Sadly, Waco is not a totally isolated incident. It is only one of the better-documented cases of […]

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Property theory proves its usefulness in another field: Computer programming

Property exists, according to Hans-Hermann Hoppe, to avoid conflicts over scarce resources. Property allows human beings to avoid constantly fighting each other over the same plot of land, the same cow, or the same hammer. Someone is the owner, and there’s a protocol for the legitimate transfer of title from one person to the next. A simple […]

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The mask is coming off on "tax reform"

It seems to me the current tax reform brouhaha plays right into the Bastiat or Rothbard analysis of the state: It’s a machine of legal plunder, and various interest groups compete to aim the mugger’s gun at their enemies to reward their friends. You can see this in how strenuously and uncharacteristically Democrats object to […]

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Catalonia votes to secede, crushing reprisal at 11

In cases like this, the adage “If you love something, let it go,” holds true. A friendly and mutually enriching relationship is certainly possible if the Spanish side can bring themselves to stop trying to coerce Catalans to conform. Unfortunately Spain can’t see it that way. It’s looking like they’ll treat this as an insurrection […]

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