Celebrating humanity's flourishing through the spread of capitalism and the rule of law
23 Jul 2025 Leave a comment
in applied price theory, budget deficits, comparative institutional analysis, constitutional political economy, development economics, economic growth, fiscal policy, growth disasters, growth miracles, law and economics, liberalism, libertarianism, macroeconomics, property rights Tags: Argentina
I almost feel sorry for the 108 leftist economists who predicted back in 2023 that Argentina would suffer if Javier Milei won the presidential election. Not only were they disappointed when he enjoyed a landslide victory, but the subsequent events in Argentina have shown that they were wildly wrong (all of which is discussed in […]
The Milei Miracle, Part II
06 Jun 2025 Leave a comment
in liberalism, libertarianism, Milton Friedman
An excerpt from Chapter 5 of *Unbeatable*
Milton Friedman’s Weird Abolition List
29 Apr 2025 Leave a comment
in liberalism, libertarianism, politics - USA Tags: 2008 presidential election
First, war. War is the antithesis of the libertarian philosophy of consent, voluntarism and trade. With every war in American history Leviathan has grown larger and our liberties have withered. War is the health of the state. And now, fulfilling the dreams of Big Brother, we are in a perpetual war. A country cannot long […]
Why Libertarians Should Vote for Obama (1)
20 Apr 2025 Leave a comment
in applied price theory, economic history, history of economic thought, industrial organisation, international economic law, international economics, liberalism, libertarianism, politics - USA, Public Choice, rentseeking Tags: free trade, tariffs
TweetWhen President Ronald Reagan delivered this address in November 1982, I was a 24-year-old graduate student. Radically libertarian at that point for almost six years, I was sufficiently astute enough to know that Reagan wasn’t terrible on most of the issues that I cared about, but I was nevertheless insufficiently mature and astute enough to…
Ronald Reagan in 1982 on Free Trade
15 Apr 2025 1 Comment
in economic history, history of economic thought, law and economics, liberalism, libertarianism, Marxist economics, property rights Tags: Age of Enlightenment, The Great Enrichment
The assertion that all cultures are equal has become a widely accepted axiom in contemporary discourse, shaped significantly by well-intentioned efforts to foster global tolerance and respect. However, it is not only possible but necessary to challenge this view. While cultural relativism emphasizes understanding and tolerance, it need not extend to cultural equivalence. Indeed, an […]
Against cultural equivalence
10 Apr 2025 Leave a comment
in liberalism, libertarianism, Marxist economics, politics - USA Tags: 2024 presidential election, Age of Enlightenment, free speech, political correctness, regressive left
Leila Fadel and National Public Radio recently interviewed me on free speech. While the program ominously warned that “what you’re about to hear is hate speech” in playing extreme voices on the right, it did interview me and former Columbia University president Lee Bollinger from the free speech community. I wanted to address a statement […]
NPR Repeats False Claim That the Court Rejected Claims of Government Involvement in Censorship Efforts
11 Feb 2025 Leave a comment
in economics of education, liberalism, libertarianism, Marxist economics, politics - USA
I met Fabio Rojas in January of 1990 when we were both freshmen at UC Berkeley. In 1994, he was the best man at my wedding. Now he’s the chairman of Indiana University’s Sociology Department. Last year, he and Charlotta Stern published Sociology and Classical Liberalism in Dialogue: Freedom is Something We Do Together. Here,…
Free Sociology
16 Jan 2025 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, comparative institutional analysis, constitutional political economy, economic growth, economic history, economics of regulation, energy economics, environmental economics, financial economics, fiscal policy, human capital, income redistribution, international economics, labour economics, labour supply, law and economics, liberalism, libertarianism, macroeconomics, Marxist economics, politics - USA, poverty and inequality, property rights, Public Choice, public economics, regulation, rentseeking
In this 12-second video, Margaret Thatcher is talking about the Labour Party in the United Kingdom, but her warning has universal application. And when I say her warning has universal application, I’m not joking. Politicians generally can’t resist the temptation to buy votes. And I fear that this can and will happen at all levels […]
Margaret Thatcher, Michael Curley, and the 19th Theorem of Government
10 Jan 2025 Leave a comment
in applied price theory, Austrian economics, budget deficits, business cycles, comparative institutional analysis, constitutional political economy, development economics, economic growth, economics of regulation, financial economics, fiscal policy, growth disasters, growth miracles, history of economic thought, income redistribution, international economics, labour economics, law and economics, liberalism, libertarianism, macroeconomics, Marxist economics, monetarism, monetary economics, political change, politics - USA, property rights, Public Choice, public economics, rentseeking, unemployment Tags: Argentina
It’s easy to mock economists. Consider the supposedly prestigious left-leaning academics who asserted in 2021 that Biden’s agenda was not inflationary. At the risk of understatement, they wound up with egg on their faces.* Today, we’re going to look at another example of leftist economists making fools of themselves. It involves Argentina, where President Javier […]
Left-Wing Economists Were Wildly Wrong about Javier Milei and his Libertarian Agenda for Argentina
29 Dec 2024 Leave a comment
in budget deficits, comparative institutional analysis, development economics, economic growth, economics of bureaucracy, economics of regulation, F.A. Hayek, financial economics, fiscal policy, growth disasters, income redistribution, international economics, labour economics, law and economics, liberalism, libertarianism, macroeconomics, Milton Friedman, monetarism, monetary economics, property rights, Public Choice, rentseeking, unemployment Tags: Argentina
Argentina’s bonds have already rallied dramatically. One gauge of the nation’s hard-currency debt, the ICE BofA US Dollar Argentina Sovereign Index, has generated a total return of about 90% this year. Meanwhile, the S&P Merval Index has risen more than 160% this year through Monday, far outpacing stock benchmarks in developed, emerging and frontier markets […]
Argentina facts of the day
27 Dec 2024 Leave a comment
in discrimination, F.A. Hayek, history of economic thought, law and economics, liberalism, libertarianism, Milton Friedman Tags: apartheid, regressive left, South Africa
TweetOpponents of the liberal market order often play fast and loose with the facts in order to discredit two of history’s greatest champions of the liberal market order, Milton Friedman and F.A. Hayek. Editor, The New York Review of Books Editor: Trevor Jackson writes of “the enthusiasm that free-market fundamentalists like Friedrich Hayek and Milton…
Slandering Friedman and Hayek
04 Dec 2024 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, discrimination, economic history, economics of climate change, economics of information, economics of media and culture, economics of regulation, energy economics, entrepreneurship, environmental economics, environmentalism, financial economics, gender, global warming, health economics, human capital, income redistribution, labour economics, labour supply, law and economics, liberalism, libertarianism, Marxist economics, occupational choice, politics - USA, poverty and inequality, property rights, Public Choice, rentseeking Tags: Age of Enlightenment, crime and punishment, criminal deterrence, free speech, gender wage gap, law and order, political correctness, racial discrimination, regressive left, sex discrimination
Michael Huemer’s Progressive Myths is the best book on wokeness. One of its many strengths is its focus on basic facts. As the author explains:I have selected beliefs that can be debunked fairly quickly and forcefully. Many other progressive beliefs require long argumentation and subjective judgment calls to assess. About these more difficult issues, I…
The Missing Myths
22 Nov 2024 1 Comment
in development economics, economic growth, economics of bureaucracy, economics of regulation, fiscal policy, growth disasters, income redistribution, labour economics, law and economics, liberalism, libertarianism, macroeconomics, Marxist economics, monetary economics, property rights, Public Choice, public economics, rentseeking, unemployment Tags: Argentina
My dear friend and colleague Dan Klein wrote this. He loves feedback, so please share your thoughts in the comments. And he’d especially appreciate reactions from friends Shikha Dalmia and Nils Karlson, which I’d definitely be glad to run.P.S. Dan asked me to link to the latest Milei news.I define popuphobe as someone who propagates…
Popuphobia’s Javier Milei Problem
23 Oct 2024 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, development economics, economic history, economics of bureaucracy, economics of crime, energy economics, growth miracles, income redistribution, labour economics, labour supply, law and economics, liberalism, libertarianism, property rights, Public Choice Tags: Dubai, economics of immigration
On my way to India, I connected through Abu Dhabi, capital city of the United Arab Emirates (UAE). During my one-day layover, I toured not only Abu Dhabi, but its more famous sister-city, Dubai. Here are my main thoughts.In Dubai, these are not empty words.Per-capita, UAE is the most amazing country I’ve ever seen. With…
Reflections on United Arab Emirates
13 Jul 2024 Leave a comment
in economic history, economics of crime, law and economics, liberalism, libertarianism, Marxist economics, politics - USA, Public Choice Tags: free speech, political correctness, regressive left
Below is my column in Fox.com on renewed attacks on free speech and the apologists for this anti-free speech movement, including most recently comedian Jon Stewart. From moves to amend the First Amendment to mocking those being targeted, the left is pushing back at polls and efforts to restore free speech values. Here is the […]
“The First Amendment is Out of Control”: Academic and Media Figures Rally Against Free Speech
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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“We do not believe any group of men adequate enough or wise enough to operate without scrutiny or without criticism. We know that the only way to avoid error is to detect it, that the only way to detect it is to be free to inquire. We know that in secrecy error undetected will flourish and subvert”. - J Robert Oppenheimer.
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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