How much would a libertarian society differ from the statist society in which we live? It would be radically different. Here are ten ways a libertarian society would be different:Read more »
"One of the things which I do not understand is the appalling pessimism within the American Right. I realize that a lot of promoters are cashing in on this pessimism. They get rich by preaching that everything is going to hell in a handbasket. Everything is not going to hell in a handbasket. Communism and Fabian socialism went to hell in a handbasket. Keynesianism is going to hell in a handbasket. Liberty isn't."Read more »
SatochiDice posted a profit of 33,310 bitcoins between May 1, 2012 and December 31, 2012. At the current value of $18.20 per bitcoin, that’s a total profit of approximately $600,000. Over the next twelve months, the SatochiDice analysis estimates that the total profit over the next twelve months will total 50,596 bitcoins.Read more »
Joey Scuotto, a commissioner with a restaurant down the street from City Hall, has said he wants an outright ban on gourmet food trucks citywide. "We have so many restaurants struggling to stay afloat in Sunrise," he told the Sun Sentinel. "I see it as a disadvantage to the businesses that the food trucks come in here." Talk of a ban has sparked an outcry from local food truck owners and onlookers irked by what they call an attempt to stamp out competition.Read more »
This week, Blueseed, the planned startup community on a ship, received seed funding from leading venture capitalists. Backers include Floodgate Fund, Correlation Ventures, and Xu Xiaoping and Wang Qiang of Chinese investment fund ZhenFund.Read more »
When a legislature interferes with voluntary employment contracts, it infringes people’s freedom to bargain with their own labor and possessions. Treating this kind of interference as acceptable means licensing arbitrary interventions into the market by politicians, who are ill-equipped to second-guess the decisions made by the real people making work agreements with one another.Read more »
Cuba has no shortage of fertile farmland, but the country spends $1.5 billion a year importing about 70 percent of its food. The communist government's chronic struggle to get farmers to produce more is forcing authorities to grudgingly accept a greater role for market principles and the profit motive. Now authorities seem willing to go another step further, tolerating the rise of what might be described as Cuba's "free-est" market.Read more »
Compare the United States of 2012 to the United States of 1962. In 1962, the government regulated the price and route of every airplane, every freight train, every truck and every merchant ship in the United States, the price of natural gas, the interest on every checking account, and the commission on every purchase or sale of stock. Owning a gold bar was a serious crime. The top rate of income tax was 91%. It was illegal to own a telephone. All young men were subject to the military draft, etc.Read more »
"The Judge" agrees with Lysander Spooner in his wonderful speech at the Mises Supporters Summit. More at MisesMediaChannel on YouTube.Read more »
The constitutional chamber of Honduras' Supreme Court ruled Wednesday that privately run cities in the Central American country would be unconstitutional, threatening a project to build "model cities" with their own police, laws, government and tax systems. The five-judge panel voted 4-to-1 in a ruling that goes against the Honduran government and the country's elite. Because the decision was not unanimous, the case now goes to the full 15-member Supreme Court, which is expected to take it up within 10 days.Read more »
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