Monetary Policy and National Defense

This article will discuss the relationship between the monetary policy of a nation and its national defense. There is a relationship between economic policy and national defense. In particular, a government must ensure a strong and stable national currency in order for defense spending to be effective. When a country’s central bank prints money or … Read more Monetary Policy and National Defense

Was the Government Shutdown Good for the Job Market?

This article will argue that it is possible the government shutdown was actually good for the job market. Washington Post and many others report that in the month of October the US economy picked up tens of thousands of jobs more than were expected. The article goes on to talk about how the official unemployment … Read more Was the Government Shutdown Good for the Job Market?

Healthcare Works in a Free Market

This article will argue that healthcare works just fine on a free market, in contrast to what many mainstream economists seem to think. Let’s start with an outside source. Peter Klein is a big name Austrian and he discusses this subject in a solid video shown below: Key highlights: “Healthcare” is not a useful term … Read more Healthcare Works in a Free Market

Charles Lindblom on the Market System

Charles Lindblom describes some advantages and disadvantages of the free market in The Market System. In the last two chapters he then discusses an alternative which he prefers. Keep in mind that Lindblom is widely considered ideologically leftist, liberal or statist. Despite that bent, even he cannot nearly deny the amazing power of the free … Read more Charles Lindblom on the Market System

Lessons from “Smoking and Politics”

This article will discuss the role of the bureaucracy in the regulation of policy by considering the specific book Smoking and Politics. In Smoking and Politics by Fritschler and Rudder there were numerous state agencies and bureaucratic organizations which are mentioned as having been involved in the policy process over time. Three of these organizations would include the … Read more Lessons from “Smoking and Politics”

Real Decentralization Includes Full Denationalization

This article will argue that denationalization is a necessary component of a free market society. This is important because without the idea of citizenship the idea of a state becomes radically different from the modern state and much more like the anarcho-capitalist notion as described by David Friedman in The Machinery of Freedom and by others elsewhere. … Read more Real Decentralization Includes Full Denationalization

Nash Equilibrium and the Prisoners’ Dilemma

This article will introduce Nash Equilibrium and the Prisoners’ Dilemma. I will argue that prima facie these provide proof that empathetic markets can produce Nash-Superior equilibria. Let me start off by saying Khan Academy is super awesome. See their short introductory video on Nash Equilibrium and the Prisoners’ Dilemma: First thoughts: The PD does not … Read more Nash Equilibrium and the Prisoners’ Dilemma

Defining Conservative Economics

This article will define conservative economics. Conservative economics is the same as free market economics, which is also called capitalism or free enterprise. Fiscal conservatism is one example of economic conservatism, but fiscal or budgetary policy comprises only a portion of a government’s ability to manipulate the economy. Conservative economics refers to both fiscal conservatism … Read more Defining Conservative Economics

Competitive Social Contracting

Competitive social contracting is another method of implementing anarchy. Competitive governance is the general strategy behind both seasteading types and this type of implementation of anarchy. This strategy seeks to create a free market of governance. Such a market would rapidly evolve into anarchy. We presently have a market for governance but it is not … Read more Competitive Social Contracting

5 Problems With Seasteading

Theoretical anarchy is not enough for real-world change. The DIYL mindset calls for realism in anarchy. Seasteading has been touted as one possible route to anarchy. Seasteading fills the bill of a possible route to anarchy, but hardly an ideal one. In fact it is fraught with problems. Despite the fact that I love the idea, … Read more 5 Problems With Seasteading