The Fed’s Fatal Conceit

In my experience, the Federal Reserve is guilty of what F. A. Hayek (1989) called “‘the fatal conceit”–that is, the belief that smart people can do the impossible. I don’t care how smart you are or how great your mathematical models are, you cannot coordinate the economic activity of seven billion people on this planet.

The Invisible Hand at Sea

The Azorean case shows that sustainability arises more from local responsibility than from distant centralized control.

Andrew Bernstein’s The Capitalist Manifesto

Andrew Bernstein’s book is “among the best single presentations of the case for capitalism. (It is) amazingly good.” – Harry Binswanger

Culture >

No Results Found

The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.

Law >

Sex and the Military

Sex and the Military

The headline on the front page of the New York Times said it all: “Women in the Senate Confront the Military on Sex Assaults.” In a triumphalist article showcasing the growing numbers of women on the Senate Armed Services Committee, “one of the Senate’s most…

No Results Found

The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.

Politics >

Supposed “Varieties” of Capitalism

Supposed “Varieties” of Capitalism

Does capitalism exist in “varieties,” as scholars began to insist two decades ago, or is it a unique social system fundamentally unlike all others? If there is a “pure” form of capitalism, what alterations or transformations render it impure? How impure must it become before we should cease calling it capitalism and call it something else instead?

Dealing with Russia

On Aug. 8, Russia decided to rewrite the rules of post-World War II European security. It repudiated the Helsinki Pact of 1975, which recognized the sanctity of borders in Europe, and violated the sovereignty and territorial integrity of NATO aspirant Georgia, whose…

World >

Time to Declare Our Independence From the United Nations

The United Nations is a mess. It now finds itself buried under scandals. It has Oil for Food scandals. Sex scandals. Power-abuse scandals. Smuggling scandals. Theft scandals. And unpaid traffic tickets. Rob, rape, and pillage seems to be the UN’s modus operandi….

No Results Found

The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.

Markets: Business & Economics >

No Results Found

The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.

Science & Technology >

No Results Found

The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.