FEE: You Are An Anarchist. The Question Is: How Often?

            by BENJAMIN POWELL of FEE                   Classical liberals have long debated whether they should support a minimal state or no state at all. Unfortunately that debate is usually framed as an all-or-nothing proposition. Either you believe that �a minimal state is everywhere and always necessary� or that a �state everywhere and always does more harm than good.� This polarization is a mistake. Everyone, at least sometimes, is an anarchist.             Consider Cambodia in the late 1970s. The Khmer Rouge government intentionally killed more than two million of its own citizens. That�s an average of 8 percent of …

Continue Reading

Menckenism: HuffPost � Scientists Outraged That Elected Reps Control Their Handouts

by BILL FREZZA             "Concerned scientists on the dole reacted with fury when an amendment to the Continuing Appropriations Act of 2013, offered by spending scold Sen. Tom Coburn (R-Okla), passed the Senate. It will limit the National Science Foundation�s ability to award political science grants to only those projects directly related to national security or the economic interests of the United States. �The amendment makes all scientific research vulnerable to the whims of political pressure,� shrieked the American Political Science Association in a press release.             The horror! Imagine what would happen if entrenched technocrats and the tenured professors they support were actually …

Continue Reading

Introduction to Bitcoin

            Bitcoin is a wildly popular, unregulated, and open-sourced digital currency that may have major implications on the future of both investment and monetary policy.               Now priced at over 88 dollars per Bitcoin, the currecy got its start in July 2010 at under one cent per Bitcoin.  In the Business Insider article What the Rise of Bitcoin Teaches us about Money, Cullen Roche challenges us to consider what makes good money good.  Does a digital currency make the cut?  Below is a graph depicting the rise in value of Bitcoins.

Continue Reading

Cafe Hayek: But Who Am I to Argue with Ralph Kramden?

by DON BOUDREAUX "Here�s a letter to the New York Times: Lawrence Zelenak wants us to �celebrate� the annual ritual of reporting to the government the intimate details of how much money we earn and how we go about earning it (�When We Loved Form 1040,� April 1).  According to Prof. Zelenak, �the filing of Form 1040 draws our attention to our duties as citizens in a way that no other levy, including a national sales tax, could.� Overlook the dubious presumptions that constitute Prof. Zelenak�s understanding of government � an understanding that rises no higher than the offering in a typical …

Continue Reading