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 >

Law >

Politics >

The Worst Enemy of Black People According to Malcolm X

“The worst enemy that the Negro have is this white man that runs around here drooling at the mouth professing to love Negros and calling himself a liberal, and it is following these white liberals that has perpetuated problems that Negros have.” — Malcom X

How Not to Sell Free-Market Healthcare Ideas

Conceding the premise that if the government were only competent enough, it should be in charge of securing healthcare for everyone grants the moral high ground to those who want the government to take on a greater role in healthcare, making it harder to even imagine an alternative.

The Future of Liberty

Liberty is freedom from the government, specifically, freedom from the initiation of physical force by the government

Ayaan Hirsi Ali, ICE, and Illegal Immigration

ICE agents enforcing the law aren’t the threat to American values. The threat is the accumulated mass of people who broke the law to enter, refuse to assimilate, exploit systems meant for citizens, and vote for politicians who promise more of the same.

World >

Venezeula’s Oil and the Monroe Doctrine

The capture of former Venezuelan President Maduro was a tactical success that has laid the foundation for cutting off China and Cuba from Venezuelan oil, while also limiting the growing regional influence that China, Russia, Iran, and other adversarial nations have enjoyed in the Western hemisphere.

Trump’s 2025 National Security Strategy

Sent by the president to Congress, the NSS articulates the administration’s national security vision and how the several elements of US power will be used in pursuit of national security goals.

Markets: Business & Economics >

Science & Technology >

The Real Meaning of Earth Hour

The Real Meaning of Earth Hour

The lights of our cities and monuments are a symbol of human achievement, of what mankind has accomplished in rising from the cave to the skyscraper. Earth Hour presents the disturbing spectacle of people celebrating those lights being extinguished. Earth Hour symbolizes the renunciation of industrial civilization.