For many years, Chile was the exception in Latin America, with an unprecedented model of sustained economic development. Contrary to populism and demagoguery, the Chilean recipe for the last forty-five years was respect for private property and entrepreneurial freedom. Indeed, …
Justice and Property Rights: The Failure of Utilitarianism
[From Egalitarianism as a Revolt against Nature and Other Essays]
Until very recently, free-market economists paid little attention to the entities actually being exchanged on the very market they have advocated so strongly. Wrapped up in the workings and …
Yes, the Nazis Were Socialists
I’d like to continue the discussion of Scott Sehon’s article “No, the Nazis Were Not Socialists” that I began last week. At the end of my article, I berated Sehon. He says that the word “socialist” in the …
Why Racism Can't Explain Europe's Drive for Conquest and Colonial Power
There has been a resurgence in investigating the imperial past of Europe. By consuming blistering critiques of European imperialism, one is likely to surmise that conquests are solely driven by hatred and racism. Some commentators imply that the purpose of …
How Long Can the Fed Keep This Time Bomb from Exploding?
Since the outbreak of the coronavirus, the United States has experienced one of the most unprecedented economic interventions in all of its history. Since March and April both the Federal Reserve and the US federal government have injected trillions into …