Public Enemy #1 for the investor? (3:40) . . . Your own behavior. Investor coach Paul Winkler reminds us how to combat fear in order to stay the course.
UK vs. the EU . . . Despite warnings by naysayers (as in the hugely EU-vested IMF), Brexit would help the United Kingdom to thrive and to seek its own best interests in trade.
Brexit may be a referendum on regulation . . . but according to Richard Williams of Reason, Britain’s own regulatory backlog is nearly as problematic as the EU’s. Leave or stay, bureaucracy and over-regulation will continue to hold down economic growth in the UK.
It’s a Religious Freedoms Novel too (3:00) . . . In Don Quixote, Cervantes takes issue with the Spanish Inquisition when it was really dangerous to question the Spanish Inquisition. He gets away with it, and literature prof Eric Graf explains how.
NIMBYs and YIMBYs (8:00) . . . In San Fran, libertarians and progressives (and even Jerry Brown) have found reason to join forces to reform housing policy. They can all see that what’s need in the city by the bay is a free-market solution.
An Open Letter . . . to the militant branch of the easily offended.
Charity Needs Markets Too . . . It takes two to make a charitable gift exchange: a giver and a receiver. And both must agree to the transaction. Sounds a lot like an economic exchange, doesn’t it? That’s what Jorg Guido Hulsmann of Mises thought too. He goes on to show how free-market thinking can optimize gift giving.
The First Anti-slavery Novel? (3:20) . . . It’s not Uncle Tom’s Cabin or Huck Finn. You’d have to go back another 300 years to Don Quixote. (Actually it’s the 2nd anti-slavery novel, but the first about race-based slavery; more on that if you watch the video.)
Fixing the Gun Problem . . . In the wake of the Orlando Pulse nightclub shootings, some have called for more. More prevention. More surveillance. More gun restrictions. But as Brian Doherty of Reason shows, more of these things – even a LOT more – would still not have stopped this particular shooter.
China’s Keynesian Fantasy . . . is running amok. It seems that China’s central planners still just don’t get the whole capitalism thing, and they’re learning the hard way that, as Sandy Ikeda of FEE writes, “if you build it, they may not come.”
“Meternity” Leave? . . . A childless woman demands maternity leave as a means of equality. Ryan McMaken of Mises breaks her argument down. Spoiler alert – there’s not much there.
Libertarian Lit (3:00) . . . Published more than 400 years ago, the novel Don Quixote is, according to professor of literature Eric Graf, the adventures of a wild-eyed, freedom-loving libertarian.
The Muhammad Ali Voluntary Service Act . . . Rand Paul wants a TKO of Selective Service (as well as our use of military force without congressional vote), and he’s got the icon’s memory in his corner.
Losing Our Minds (27:00) . . . Matt Welch of Reason talks with journalist Robby Soave about the American college campus and its ever-deepening trip down the rabbit hole.
A win for the jerks. . . The National Labor Relations Board seems to have added Jerks to their list of the protected classes. Turns out, that surly, bad attitude you carry in every day is a human right.
Failing to “De-control” . . . In the ten months following the end of WWII, the US federal employee payroll increased by 20%. We failed to hand back control to the private populace then, and we’ve been doubling down ever since. This speech by Leonard Reed, given in 1946, is worth your time; it’s just as relevant today as it was 70 years ago.
Entrepreneurial Faith . . . There is no miracle in the effectiveness of free markets, says Ludwig von Mises, but only “economic logic working itself out through market forces.” But every day, the individual entrepreneur lives by “faith” as he pursues an unseen future.
SCOTUS got this one right (3:20) . . . In 2010 the Supreme Court ruled for Citizens United against the FEC. This look back reminds us of the bullet we dodged and the actual effects of the ruling for corporate campaign contributions and individual first-amendment rights.
Value over Profit? . . . It sounds nice and spiritually, but it’s a recipe for disaster. Not only does value not work in place of profit, but the only way to get to value is through profit. Ever business owner knows this intuitively. If you’re not a business owner, Pete Earle of FEE explains it.
The OTHER National Convention (5:00) . . . No, not that other one. The other other one…the Libertarian National Convention, and here’s what happened at it over the weekend.
Capitalism is the true liberalism . . . because it promotes the welfare of everyone. The term capitalism has taken a hit with millennials, but maybe that’s because the word has been warped out of its original definition. Mises himself sets us straight on that.
Immigration myth buster (2:20) . . . Do immigrants steal our jobs? No, says Professor Ben Powell of Suffolk University. In fact, economists who study immigration universally support the conclusion that immigration is a net positive on the economy.
Is college for you? . . . It depends on what you’re after, but if an education for the sake of self improvement is your motive, then no; there are other ways, astronomically cheaper ways, to improve your mind.
But what about NASA? . . . Surely government can do space exploration better than the private sector. We put a man on the moon, after all. But John Stossel points out that today companies like SpaceX are already running circles around NASA and doing it cheaper. Why? Because they have to. They can’t tax us to survive.
Why you should not NOT vote . . . Jim Harper of FEE reminds us, in case we’re tempted to “not go through with the charade of voting,” that the two front runners are really, really unpopular, and our little votes may be weightier than ever.