Essays

Governance as a Role vs. the State as an Entity

The following essay seeks to address the foundations of civil order and the mechanisms by which the civil order is enforced.  It is highly influenced by an essay from Hans-Hermann Hoppe entitled “State or Private-Law Society.” The Problem The necessity of an institution which enforces legal property boundaries and punishes criminals that act outside of the parameters …

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Socialist Propaganda and The Plight of Underdeveloped Nations

Mises’ article on “The Plight of Underdeveloped Nations” makes an insightful observation regarding the sad impact of western socialist propaganda on underdeveloped nations— especially during the mid-twentieth century increases of worldwide awareness and globalization. As he points out, the very possibility of “foreign investment” originated when the capitalists of wealthier nations saw profit opportunities in …

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Economic Analysis and the Limits of Empirical Data and Model Driven Conclusions

We live in the age of the anti-apriori; a complete rejection of any theory which exists independent of “the data.” This refusal to embrace or even consider the importance of theory advertises itself as a commitment to “evidence,” “hard-facts,” and independence from ideologies and biased interpretations. Any attempt to challenge the usefulness of “facts” independent …

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Bohm-Bawerk Against Marxian Exploitation Theory

As Mises predicted, government interventionism has wrought economic pain for the very people groups it was intended to benefit. This economic pain has, also predictably, resulted in a growing voice amongst an agitated public against capitalism, or at least what they perceive it to be. In its stead, many of the themes and narratives of …

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The Aleatory Contract: A Definitional Comment on Fractional Reserve Banking

This post is intended to be a quick note, and in no way a complete investigation into the matter. As I have elaborated in extensive detail in the past, modern defenders of fractional reserve banking (who go by the phrase “free bankers”) are, whether they know it or not, defending something referred to as an …

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UBI and Other Wealth Transfer Schemes

When it comes to Universal Basic Income and other attempts to use government as a medium of wealth transfers, most opponents simply focus on the classical “incentive problem” (that is, if you subsidize non-productivity, you will keep it in existence). However, besides the incentive problem, which is of course a legitimate concern, the much more serious …

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Anarchism, Minarchism, and the Libertarian Label

This article comes directly from a certain line of reasoning that I see all throughout the libertarian world. I hope that the following article will prove to be a one stop solution and will encourage more nuance in the anarchist/minarchist dichotomy. Let me start here with an overview of the dichotomy as I conceive it. I find that …

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Marxism, Reformism, and Interventionism

One of the points that I made in my previous article on socialism is that the Orthodox Marxists define socialism as the situation in which there is public (community) ownership of the means of production. Since historically labelled socialist regimes (Stalin, Venezuela) do not match this definition and because the means of production were controlled …

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Thomas Sowell on “Atomistic” Libertarians

By Ben Lewis In a recent appearance on The Rubin Report, economist, social theorist and all around hero Thomas Sowell told host Dave Rubin that one of his only criticisms of the libertarian label is that “Libertarians seem to have this atomistic view of the world, which I think is completely unrealistic, because not only …

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