FREE-MARKET GEMS

No free-speech rights . . . says Murray Rothbard. Only property rights. Peter Klein of the Mises Institute explores this fascinating way of looking at the campus speech debacle (as well as the notion of free speech). He says that leaving it up to the “owners” of the colleges and the voluntary contracts between them and their students would quiet the hubbub.

Price as language. . . It took the free market and the language of the pricing system to give us the pencil and the IPhone, and there’s a good reason why. Dr. Dan Russell explains how central planners can NEVER provide what people with disbursed knowledge can.

Student loans . . . It seems like they’ve been around forever, but Dr. Brian Domitrovic of Learn Liberty sets the record straight and gives us some hope about where we might be headed next.

Everything’s big in Texas . . . especially the auto dealership lobby. But Elon Musk is one guy who doesn’t seem to let big challenges get in his way. He wants to sell his Teslas directly to the consumer. So in this fight, is he the David or the Goliath? Either way, it should be interesting.

Our roads are crumbling . . . say infrastructure contractors, lobbyists, and everyone else who feeds off government contracts. The rest of us (us being those who actually produce, distribute, and comprise the nation’s economic activity) seem to be getting to work and getting our products to market just fine.

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Unintended consequences . . . are sometimes just obvious consequences that smart people saw coming. Take the minimum wage. A rise in labor costs will be paid, and that money will come “from customers, other employees, or the bottom line.” It’s not a surprise. It’s inevitable.

Price is not the price . . . Dan Russell of Learn Liberty explains real price vs. nominal price, as well as the concept of consumer surplus. [3:50]

Prison overcrowding . . . is a function of economics: Police, prosecutors, and judges all have common access to the prison system, but none bears any cost in usuing (cost entirely socialized; that means you and me). It’s the “Tragedy of the Commons”, says Chris Calton of Mises.

Losing a liberty-loving judge . . . You’ve probably never heard of her, but US Court of Appeals judge Janice Rogers Brown, a strong economic libertarian and Constitutionalist, is retiring. Barack Obama thought she was crazy, so that’s something.

People will die! . . . Actually, we’ll all die eventually no matter how hard we try to legislate death away. One of Remy’s best. [2:00]

FREE MARKET GEMS

“My name is Luke Skywalker. I’m here to regulate you”. . . Mark Hamill pushes for a bill protecting buyers of autographed goods. Not surprisingly, it ends up hurting buyers of autographed goods.

The tool of money . . . It’s more than just a means of facilitating transactions. It’s soooo much more, says Ludwig von Mises.

The War on Terror . . . Our efforts have failed, say CATO analysyts A. Trevor Thrall and Erik Goepner, and Trump would do well by listening to why.

Why free trade works . . . Dan Russell of Learn Liberty takes us through a Comparative Advantage mini lesson to show us how trade is necessary for wealth creation.

Criminalize screen time? . . . Colorado is considering it. Our nostalgia-loving hearts may say yes, but our liberty-loving heads should be screaming NO!

 

 

 

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FREE MARKET GEMS

All or nothing for freedom . . . As a child, and with her mother, Yeonmi Park escaped from North Korea. This is her story.

Is the US coming apart? . . . Maybe, says Angelo Codevilla, retired professor and conservative. But it may also be the best and quickest way to radical decentralization of federal power.

Wage-less in Seattle . . . What smart economists have been saying about raising the minimum wage — that it hurts the poor the most — is being proven right now in Seattle’s $13/hr ($15 by 2021) experiment.

That’s one for the big guy . . . SCOTUS rules for the state and against property rights: “…government goals set the playing field,” says dissenting justice John Roberts.

Progressives who hate progress? . . . That would be the nation’s big cities, who seem to prefer protecting the status quo over encouraging actual innovation.

 

 

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FREE MARKET GEMS

The tireless Ron Paul . . . Still fighting for peace, the retired congressman calls out the one great obstacle to it: Big Government.

Brexit is on . . . so what now? Alasdair Macleod of Mises updates us on the Brexit status in the U.K. and shows us what Germany is thinking (spoiler: they’re looking east to China and Russia!).

What is wealth? . . . Dan Russell of Learn Liberty takes a shot at the question. He’s not entirely right, but there’s some truth in what he says.

Soft despotism? . . . Alexis de Tocqueville says we’re there. (He’s dead, but he said it a couple hundred years ago, and the guys at Learn Liberty seem to agree with him).

The other tireless Paul . . . Rand points out the absurdity of the Cuban embargo and the only weapon we should be using against them: capitalism.

 

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