Celebrating humanity's flourishing through the spread of capitalism and the rule of law
30 Mar 2026 Leave a comment
in applied price theory, development economics, economic growth, growth disasters, liberalism, libertarianism, macroeconomics, Marxist economics Tags: Argentina
Before the 2023 presidential election in Argentina, 108 left-leaning economists released a letter warning that Javier Milei’s “economic proposals…are fraught with risks that make them potentially very harmful for the Argentine economy.” Voters ignored those warnings and elected Milei. And the 108 lefty economists – including class-warfare ideologues such as Thomas Piketty and Gabriel Zucman – wound up with […]
Javier Milei Week, Part VII: What Is the Left Saying?
28 Mar 2026 Leave a comment
in applied price theory, economics of bureaucracy, economics of education, human capital, labour economics, libertarianism, Murray Rothbard, Public Choice Tags: signaling
SummaryIn this chapter, Rothbard makes the case for the abolition of public schooling. While he somewhat surprisingly views Friedman’s voucher system as “a great improvement over the present system in permitting a wider range of parental choice and enabling the abolition of the public school system,” Rothbard will settle for nothing less than the separation…
Bet On It Book Club: For a New Liberty, Chapter 7
26 Mar 2026 Leave a comment
Tweet… is from page 15 of the late Brian Doherty’s excellent 2007 book, Radicals for Capitalism: A Freewheeling History of the Modern American Libertarian Movement: Libertarianism is based in economic theory, as economic science teaches how workable order can arise from the seeming chaos of free actions uncoordinated by a single outside intelligence, and how…
Quotation of the Day…
23 Mar 2026 Leave a comment
in applied price theory, Austrian economics, budget deficits, business cycles, development economics, economic growth, economic history, growth disasters, liberalism, libertarianism, macroeconomics, Marxist economics Tags: Argentina
Given my enthusiasm for Javier Milei and his libertarian reforms, I’m excited to be in Buenos Aires for a week-long program on “Understanding Argentina’s Transformations Under Milei.” This means a heavy does of Milei-ism this week. For today’s column, I’m going to share some slides from a presentation by Alejandro Rodriguez on the “Inheritance” Milei […]
Javier Milei Week, Part I: Inheriting an Economic Crisis
22 Mar 2026 Leave a comment
in economics of crime, economics of religion, law and economics, libertarianism, politics - New Zealand
The Herald reports: Senior Government minister Louise Upston visited Gloriavale in late January, months after refusing to rule out closing the religious community following allegations of child abuse in the community. Newstalk ZB has confirmed Upston visited the sect on January 30, alongside officials from the Ministry of Social Development. This story is puzzling. As…
What power would allow Ministers to close down a community?
14 Mar 2026 Leave a comment
in Austrian economics, liberalism, libertarianism, Murray Rothbard
[Update: I’m on vacation next Friday, so the next installment of this book club will be in two weeks.]SummaryIn this chapter on “Personal Liberty,” Rothbard puts run-of-the-mill “civil libertarians” to shame. He’s more radical than most of the left on traditional civil liberties like freedom of speech, drugs, and wiretapping. He stands up for the…
Bet On It Book Club: For a New Liberty, Chapter 6
13 Mar 2026 Leave a comment
…on March 12 we’ll be launching Liberalism.org, a new project from IHS [Institute for Humane Studies]. We’re aiming to build something akin to a modern-day coffee house of the liberal tradition—a digital gathering place where today’s most innovative liberal thinkers can weigh tradeoffs, think across differences, and apply liberal values to the challenges of today and…
Liberalism.org
24 Feb 2026 1 Comment
in defence economics, laws of war, liberalism, libertarianism, Marxist economics, war and peace Tags: World War II
Pacifism presents itself as the highest moral ground: a principled refusal to engage in violence, an insistence that all killing is always wrong, and a hope that moral purity can disarm brutality. In practice, however, pacifism is not merely naïve but morally evasive. It refuses responsibility for consequences, confuses intentions with outcomes, and ultimately relies […]
The Moral Failure of Pacifism
21 Feb 2026 Leave a comment
in libertarianism, Murray Rothbard
SummaryRothbard now applies the normative standards developed in chapter 2 to explain what libertarians have against government (or as Rothbard, inspired by Germanic capitalization, calls it, “the State”). The argument is simple: If a private individual did what governments do, almost everyone would call him a criminal. If I took your money without your consent, I’d…
Bet On It Book Club: For a New Liberty, Chapter 3
14 Feb 2026 Leave a comment
in libertarianism, Murray Rothbard
SummaryIn this chapter (“Property and Exchange”), Rothbard introduces the “non-aggression axiom,” also often known as the “non-initiation of force axiom.” The intuition is simple enough: No one has the right to start using physical violence or the threat thereof against another person or his property. This is one of the first moral rules we learn as…
Bet On It Book Club: For a New Liberty, Chapter 2
07 Feb 2026 Leave a comment
in libertarianism, Murray Rothbard
Here’s my plan: I’ll lead off each discussion of Murray Rothbard’s For a New Liberty with (a) a brief summary of the chapter of the week, and (b) some critical comments. But this is your book club, so in the comments feel free to not only to discuss my summary and critique, but any thoughts…
Bet On It Book Club: For a New Liberty, Chapter 1
29 Jan 2026 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, development economics, economic history, economics of bureaucracy, growth disasters, growth miracles, history of economic thought, income redistribution, law and economics, liberalism, libertarianism, Marxist economics, property rights, Public Choice, rentseeking Tags: age of empires, economics of colonialism
11 Jan 2026 Leave a comment
in economics of education, liberalism, libertarianism, Marxist economics
The paternalistic assumption is an important strand within socialist critiques of markets, though it is not the whole story, and it varies significantly across socialist traditions. A clear way to frame it is this: some socialist opposition to markets rests on a guardianship model of society, in which experts, planners, or the state are assumed to make better […]
Socialist paternalism vs free market choices
09 Jan 2026 Leave a comment
in applied price theory, history of economic thought, labour economics, labour supply, liberalism, libertarianism, Marxist economics, politics - USA, poverty and inequality, welfare reform Tags: child poverty, family poverty
Last month, Econoboi hosted a debate on poverty between myself and Matt Bruenig. Here are my reflections on that debate.I was pleasantly surprised by Bruenig’s openness to most of my proposed supply-side reforms. He wasn’t just pro-immigration, but also pro-deregulation of housing and pro-nuclear. He was happy to admit that these policies aren’t just good…
Reflections on the Caplan-Bruenig Poverty Debate
27 Dec 2025 Leave a comment
in applied price theory, Austrian economics, budget deficits, comparative institutional analysis, constitutional political economy, development economics, economic growth, economics of bureaucracy, economics of regulation, fiscal policy, growth disasters, history of economic thought, income redistribution, industrial organisation, labour economics, liberalism, libertarianism, macroeconomics, Public Choice, rentseeking, unemployment Tags: Argentina
As explained in my four-part series (here, here, here, and here) and in this clip from a recent interview, Javier Milei’s first two years have been amazingly successful. There are two points in the interview that deserve emphasis. First, Javier Milei’s libertarian policies already have been extremely beneficial for the Argentine economy. Inflation has dramatically […]
Celebrating Two Years of Libertarian Success in Argentina
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