Category: Aggregated

Rand Paul is suspending his presidential campaign. The libertarian icon and freshman Kentucky senator announced Wednesday morning that he was bowing out of the presidential race to focus on his 2016 re-election campaign to the United States Senate. In a statement, Paul said “The fight is far from over. I will continue to carry the torch for Liberty in the United States Senate and I look forward to earning the privilege to represent the people of Kentucky for another term.” Paul was once described as “the most interesting man in politics” and viewed as a formidable candidate. However, the Kentucky … Continue reading →

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Those who wish to portray Ludwig von Mises as the “moderate” one, compared to the more radical Murray Rothbard, will often point out that Mises was no “anarchist.” This assertion, however, runs into trouble when we consider Mises’s comments in Liberalism on the topic of radical decentralization: The right of self-determination in regard to the question of membership in a state thus means: whenever the inhabitants of a particular territory, whether it be a single village, a whole district, or a series of adjacent districts, make it known, by a freely conducted plebiscite, that they no longer wish to remain … Continue reading →

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Two cups of coffee a day can help stave off liver disease caused by drinking too much alcohol, scientists claimed today. In fact, regular consumption of the drink slashed the risk of the risk of liver cirrhosis by 44 per cent. Researchers from the University of Southampton reviewed nine long-term studies involving almost half a million men and women from six countries. They found that those who drank two cups of coffee every day were less likely to suffer from liver cirrhosis or die from it. Liver cirrhosis is a condition where the liver is scarred due to long-term effects of … Continue reading →

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With his recent strong showing in the Iowa caucus, Senator Bernie Sanders now deserves to have his policy ideas examined seriously by admirers and critics alike.  Sanders has policy positions on dozens of important issues but two stand out: One, Sanders is a self-described “democratic socialist” and two, he has argued repeatedly that the rich don’t pay their fair share of taxes. Presumably, in a Sanders Administration, there would be more “socialism” and higher taxes on the “rich”.  What is democratic socialism? From my training in economics, socialists believe that free-market capitalism is a failed system and that it should … Continue reading →

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Once upon a time in a faraway place known as Cambridge, Massachusetts, a young economist named Paul Krugman used to do research and analysis like other young economists. As young Krugman advanced in his career, however, he found that doing good research had its problems, the first of which is that research, when done correctly, tends to go against the grain of what the political classes and their media allies want people to believe. Economic analysis especially is troublesome for the political and media classes because good economists insist on invoking the Law of Scarcity and Opportunity Cost, and such … Continue reading →

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Below, see the letter I wrote to the President of my university, Loyola New Orleans, on 1/23/16. He has not answered this, nor do I expect him to do so. Let me offer a bit of background on this matter, so that the letter can appear in context. I was interviewed by the NYTimes for the (hit) story they did on Rand Paul. I was trying to explain libertarianism to the person interviewing me. I tried and tried, but did not succeed in getting across to him the basics of this philosophy. Finally, out of desperation, I tried to illustrate … Continue reading →

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Given the hysterical media reaction to the outbreak of the Zika virus, you would think the modern version of Bubonic plague had just reached our shores. But is that really true? And is there a disease we should REALLY be worried about? Consider: “No locally transmitted Zika cases have been reported in the continental United States, but cases have been reported in returning travelers,” according to the Centers for Disease Control“. But is there an infectious, mosquito-borne disease that is already here in the USA? Perhaps so. Infections from Lyme disease sometimes start with a bulls eye rash. There are some people who … Continue reading →

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Why does GM continue to throw money at electric cars? Perhaps because it’s not their money. It’s yours. And mine. In the form of apparently endless taxpayer-extorted “help” (via federal taxation) to spur the design and manufacture of vehicles that have to be given away at a loss because – channeling Donald Trump – they are losers. First the Volt – so few of which were offloaded (“sold” would be an affront to honest English) GM had to idle the plant devoted to their assembly. Then GM doubled-down and ginned up the ELR – a Volt dressed in Cadillac duds that … Continue reading →

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