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Blog post"Fortunately for us, this might be a temporary detour away from the long pattern of the expansion of global trade. The damage could be lasting, however." ~ Jeffrey Tucker
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Blog post"What are the merits of returning to the gold standard? Is such a system feasible today?" ~ Will Luther
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Blog post"Those who argue for a decentralized and free Europe, now overshadowed from the left and right, need to find a voice and make a positive change." ~ Kai Weiss
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Blog post"I doubt any college administrators will ever invite someone like me to give such a speech. In some ways, it is for the best. I would have a hard time telling 20-somethings that the whole world is in dire need of wholesale change." ~ Veronique de Rugy
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Blog postNew orders for durable goods and core capital-goods decreased in April and appear to be plateauing but broader measures of business fixed investment continue to trend higher.
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Blog post"The amount of public debt to be serviced is huge and growing, and we’re in uncharted territory now." ~ Bruce Yandle
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Blog post" Designers did not somehow lose imagination over the last 25 years. The designs of new cars are boring because regulations forced this result." ~ Jeffrey Tucker
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Blog post"Prohibition is nothing but an immoral act, as it intends to impose certain standards on individuals who should be naturally free to make their own decisions." ~ Chloe Anagnos
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Blog postNew-home sales fell in April, and home construction is unlikely to contribute significantly to economic growth, but the strong labor market continues to provide a solid foundation for continued expansion.
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Blog post"Statutes and regulations continue to accumulate, layer by layer, until they suffocate not only economic opportunity, but also the effective administration of government itself." ~ Adam Thierer
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Blog postI can’t remember a nuttier weekend in the history of Bitcoin than this one. That’s because the action gets more exciting by the day, with deeper plots, more options, growing complexities, and financial and personal drama all around. You know why? Because this technology matters enormously for the future of the world. It’s Day One in the birth of a new way of doing business. It’s extremely hard to write about this for the uninitiated without seeming to speak Klingon, but here is my attempt. My
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Blog postIf you read on the topic of money’s history from any mainstream textbook, you will already know the drill. In the past, money took many forms. It was shells, pelts, salt, and various metals. Finally we got paper money, credit institutions, then central banks. At this point, we are told, history was complete. The final and best form had arrived. The state would be in charge of money forever. All that was left was to have it managed in a way that better served our needs. People argued about sys
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Blog postPeople were stunned when the Trump administration unilaterally bailed on the Trans-Pacific Partnership (TPP) trade treaty in January 2017. It seemed like a deadly blow to this treaty that would have lowered tariffs among 12 nations. What is downright humiliating for Americans is that the treaty became better only after the US withdrew from it. What did this move portend for the cause of free trade? Some despaired that it would signal a new trend toward protectionism, not only for the US
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Blog postThere he was dropping off packages in the mail room. I picked up mine and walked away. Then I did a double take. The patch on his shoulder was not USPS, FedEx, or UPS. It was the familiar lower case “a” of Amazon. “Wait, do you actually work for Amazon?” “Yes, sir.” “The company that sells things online now has its own warehouse-to-doorstep delivery service?” “Yes, it’s been around for a year, but expanding by the day. I love my job. It’s a great company.” I am pretty sure I knew this, but it
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Blog postAlmost every small and medium-sized town has what are called farmers markets. We love them. Some are seasonal. Some open only on weekends. People shop under tents and pay vendors cash. It’s all very charming, a nice alternative to superstores. I just returned from one. I came home with a 4-pound Red Snapper, oversized Brussels Sprouts, beautiful red potatoes, fresh cheese made in the Mexican style, and tubs of spices – all for less than half what I would pay at a regular grocery store. Plus I
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Blog postAs a kid, people were always trying to get me to listen to the symphonies of Ludwig van Beethoven. The adults decided they were good. I wasn’t buying it. To my kid ears, there was just too much happening in them. I had no context to understand them. They seemed long and pompous and had no real way to get where they were coming from or why they existed. Not for me. Not yet. I just listened again to the entire cycle, one through nine. It takes about six and a half hours. I felt transported, eac
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Blog postAt long last, with the end of “net neutrality,” competition could soon come to the industry that delivers Internet services to you. You might be able to pick among a range of packages, some minimalist and some maximalist, depending on how you use the service. Or you could choose a package that charges based only on what you consume, rather than sharing fees with everyone else. Internet socialism is dead; long live market forces. With market-based pricing finally permitted, we could see new en
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Blog postThis morning, I was sitting at a stop light and heard a terrifying screeching. A black sedan headed my direction from the oncoming lane was careening across six lanes of traffic, with squealing brakes and tires, through the intersection, flying forward some 75 or so yards and finally landing against a pole with a mighty impact. Terror shot through everyone in the vicinity. Green means go. The problem was that there were cars in the way. What happened? The woman behind the wheel had
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Blog postOne time, when I was a small child, I saw Hank Aaron go to bat. He had already hit his 500th home run. I was looking forward to seeing this genius do his thing. I was devastated when he struck out. Some genius, I recall thinking. As an eight-year-old, my first thought was that I could have done exactly what he did. Of course, Hank knew something that I, at the time, did not. Genius is about averages, not every time at bat. If every time you strike out, you imagine that you might be a fraud, y
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Blog postOne of the most exciting books of 2017 is James Scott’s Against the Grain: A Deep History of the Earliest States (Yale 2017). It deals with all the salient questions (that I care about in any case). In prehistoric times, how did human beings discover how to feed themselves? How did we decide to become settled in one spot rather than move around as hunters and gatherers? And the biggest question: where did the state come from and why? Scott is properly seen as a critic of the modern state, if
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Blog postThe classic criticism against the gold standard is that it was too costly. Why are these guys wasting resources to suit up, dig into mountains, desperately seeking a finite resource, and slogging the results all the way to Treasury Department?
There is a reason that Bitcoin is being called Digital Gold. This is all just silly. We know how to make money: you print it. It’s far cheaper to print than mine. A paper standard will save a tremendous amount of resources that can go to other p -
Blog postSome people on the left are starting to worry about getting trolled by the alt-right. This is because the alt-right has become aggressively anti-capitalist, pro-welfare state, and in favor of a government that specifically promotes white interests, not a free market that offers no privilege to anyone.
“The alt-right is looking to expand its ranks,” declares Salon, “and prominent leaders of the notorious white supremacist movement apparently believe that leftists are an ideal target fo -
Blog postA century ago, having electric indoor lighting was a luxury of the rich. It was a dangerous technology at the time – one thing goes wrong and the whole house is up in flames – but people took the risk. 150,000 years of lighting rooms with wax and oil was just too much. The future would be about glass bulbs and electric filaments. If you were rich and believed in the future, you had your home wired.
If we did not learn to dominate nature, our existence on earth would be short -
Blog postJeffrey A. Tucker, who is the Director of Content for the Foundation for Economic Education (FEE), has published the book Right-Wing Collectivism: The Other Threat to Liberty in September. Last week, Kai Weiss talked with him via Skype about the book and the threat of right-collectivism.
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Kai Weiss: Let’s start off with an easy question. What was the purpose of writing this book? W -
Blog postNow that the special election is over, the mainstream press can stop reporting on Alabama as if it were Mars. Have some sympathy with the voters in this state, please. Not for the first time, a populist demagogue snagged the Republican nomination. His opponent had all the predictable views of the Democrats, which is to say similarly attached to an old-world model of political control.
Those who held their nose and voted for the Republican didn't like his antics or views; they simply o -
Blog postThe opportunity is to live every dream you have ever had. Now. The problem is that for every dream you realize, you have to relinquish some of your property. And every bit of that property is hard to come by, extraordinarily lucrative, and the single most in-demand thing on the planet earth.
Among the crypto rich, it’s hip to be poor. You must be tight. Stingy. No signs of wealth. So, yes, you could be living it up. Instead, you have become addicted to seeing your net worth rise -
Blog postThis year has been one of the greatest of my life, full of amazing changes that point to a bright future for all the things I care about. This year has also made me most grateful for life itself. Two dear friends have recently announced potentially life-threatening diseases, and I suffer to think of their turmoil and pain, and pray for their recovery. Both have been enormously valuable people in my life, and their suffering is my suffering.
Also this year, a man who had a profound inf -
Blog postAfter Bitcoin hit $10,000, it, at last, seemed to dawn on the mainstream financial press that this thing matters. There has been a panic rush to catch up on the meaning of it all. Some have doubled down on the claim that the whole thing is a hoax. Others dismiss it as a bubble (indeed, all financial models would suggest that a correction is needed). Some bigshots have called for it to be banned as if it is even possible to ban a mathematical protocol.
So much confusion out there! Havi -
Blog postIn Internet slang, they are called the HODLers, the people who are clinging to their Bitcoin and refusing to spend it. Instead, they just refresh their wallet apps, feeling richer by day while deferring consumption. Many of these burgeoning millionaires live like paupers. I’ve met many of them: all over the U.S., in Israel, in Brazil. They believe that every dollar they spend today is two dollars they won’t make in a few months. Probably they are right.
There is nothing selfish, stra -
Blog postSometimes a commercial appears that both shatters a paradigm and creates a popular meme that truly sticks. The genius is undeniable but extremely hard to manufacture from a formula. It just works. Think of “I’d like to teach the world to sing,” “Where’s the beef?”, “Mikey likes it!”, and “Do you have any Grey Poupon?” All these were huge cultural moments that managed to achieve what advertising is supposed to achieve: brand recognition, pride in consumption, affirmation of cultural identity.
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Blog postThe Washington Post is outraged. The New York Times even more so.
Commentators are going nuts.
“Using a tax bill to abolish the individual mandate amounts to a backdoor way of sabotaging Obamacare,” writes John Cassidy.
“Republicans, and Donald Trump, have counted on that (as well as your limited outrage bandwidth) in slipping an Affordable Care Act mandate repeal inside their insidious tax bill,” writes Bridget Read.
Obamacare’s much-despised individual manda -
Blog postRandal K. Quarles, a Trump administration appointee to the Federal Reserve Board of Governors and Vice Chair for bank supervision, has given a lengthy speech (“Thoughts on Prudent Innovation in the Payment System”) that directly targets Bitcoin as a danger to the monetary and financial system.
To reiterate, an official speaking for the nation's central bank that manages the global reserve currency – the institution that has long bragged about its power to bail out the entire world wit -
Blog postWe tend to think of the past as settled. There is nothing we can do to change it. But this is not entirely true. How we think about the past – the good guys and bad guys, the justice and injustice, the causes and effects – has a profound effect on our perceptions of the present. Our understanding comes to be revised based on new information as it comes to light. In this sense, the past is not settled. It is a living reality.
Big thoughts, right? They come to me courtesy of an an -
Blog postIt’s beyond me why the Disney short showing before the new movie Coco (which itself is fantastic) is getting such terrible reviews. It might have something to do with an aspect of Internet culture.
Tradition anxiety is prompted by the depth of the history associated with the winter holiday. You can make a bigger splash on social media by brutally criticizing something than by praising it. Then the tipping point arrives and everyone somehow has to agree something is terrible even when -
Blog postIn a strange blast from the past, the Trump administration has rejected an uncontroversial vertical merger proposed by AT&T and Time Warner. Oh sure, it’s petty. It’s arbitrary and capricious. It’s economically unjustified. The principal players are right to object. Still, it’s nothing new. Antitrust has always been this way, from Standard Oil to Microsoft. It’s always been about power, not economics.
Vertical mergers haven’t been controversial in a long time. But this one is dif -
Blog postOne of the most exciting books of 2017 is James Scott’s Against the Grain: A Deep History of the Earliest States (Yale 2017). It deals with all the salient questions (that I care about in any case). In prehistoric times, how did human beings discover how to feed themselves? How did we decide to become settled in one spot rather than move around as hunters and gatherers? And the biggest question: where did the state come from and why?
Scott is properly seen as a critic of the modern st -
Blog postOne time, when I was a small child, I saw Hank Aaron go to bat. He had already hit his 500th home run. I was looking forward to seeing this genius do his thing. I was devastated when he struck out. Some genius, I recall thinking. As an eight-year-old, my first thought was that I could have done exactly what he did.
Of course, Hank knew something that I, at the time, did not. Genius is about averages, not every time at bat. If every time you strike out, you imagine that you might be a -
Blog postThis morning, I was sitting at a stop light and heard a terrifying screeching. A black sedan headed my direction from the oncoming lane was careening across six lanes of traffic, with squealing brakes and tires, through the intersection, flying forward some 75 or so yards and finally landing against a pole with a mighty impact. Terror shot through everyone in the vicinity.
Green means go. The problem was that there were cars in the way. What happened? The woman behind the wh -
Blog postAt long last, with the end of “net neutrality,” competition could soon come to the industry that delivers Internet services to you. You might be able to pick among a range of packages, some minimalist and some maximalist, depending on how you use the service. Or you could choose a package that charges based only on what you consume, rather than sharing fees with everyone else.
Internet socialism is dead; long live market forces.
With market-based pricing finally permitted, we -
Blog postAs a kid, people were always trying to get me to listen to the symphonies of Ludwig van Beethoven. The adults decided they were good. I wasn’t buying it. To my kid ears, there was just too much happening in them. I had no context to understand them. They seemed long and pompous and had no real way to get where they were coming from or why they existed.
Not for me. Not yet.
I just listened again to the entire cycle, one through nine. It takes about six and a half hours.
-
Blog postAlmost every small and medium-sized town has what are called farmers markets. We love them. Some are seasonal. Some open only on weekends. People shop under tents and pay vendors cash. It’s all very charming, a nice alternative to superstores.
I just returned from one. I came home with a 4-pound Red Snapper, oversized Brussels Sprouts, beautiful red potatoes, fresh cheese made in the Mexican style, and tubs of spices – all for less than half what I would pay at a regular grocery store -
Blog postThere he was dropping off packages in the mail room. I picked up mine and walked away. Then I did a double take. The patch on his shoulder was not USPS, FedEx, or UPS. It was the familiar lower case “a” of Amazon.
“Wait, do you actually work for Amazon?”
“Yes, sir.”
“The company that sells things online now has its own warehouse-to-doorstep delivery service?”
“Yes, it’s been around for a year, but expanding by the day. I love my job. It’s a great company.”
-
Blog postPeople were stunned when the Trump administration unilaterally bailed on the Trans-Pacific Partnership (TPP) trade treaty in January 2017. It seemed like a deadly blow to this treaty that would have lowered tariffs among 12 nations.
What is downright humiliating for Americans is that the treaty became better only after the US withdrew from it. What did this move portend for the cause of free trade? Some despaired that it would signal a new trend toward protectionism, not only fo -
Blog postIf you read on the topic of money’s history from any mainstream textbook, you will already know the drill. In the past, money took many forms. It was shells, pelts, salt, and various metals. Finally we got paper money, credit institutions, then central banks. At this point, we are told, history was complete. The final and best form had arrived.
The state would be in charge of money forever. All that was left was to have it managed in a way that better served our needs. People argued a -
Blog postI can’t remember a nuttier weekend in the history of Bitcoin than this one. That’s because the action gets more exciting by the day, with deeper plots, more options, growing complexities, and financial and personal drama all around.
You know why? Because this technology matters enormously for the future of the world. It’s Day One in the birth of a new way of doing business.
It’s extremely hard to write about this for the uninitiated without seeming to speak Klingon, but here
Books By Jeffrey Tucker
Right-Wing Collectivism: The Other Threat to Liberty
Sep 19, 2017
$2.99
$13.00
Get it by Thursday, May 30
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$12.71
(24 Used & New offers)
Simple English Propers
Nov 11, 2011
$9.99
$18.00
Get it by Thursday, May 30
Only 3 left in stock - order soon.
Only 3 left in stock - order soon.
More Buying Choices
$18.00
(14 Used & New offers)
$2.99
$0.00 Free with Audible trial
$13.25
Get it by Thursday, May 30
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$4.98
(27 Used & New offers)
Sing Like a Catholic
Jan 1, 2009
$27.88
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$7.99
(13 Used & New offers)
$49.69
Only 3 left in stock - order soon.
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$20.25
(18 Used & New offers)
Hack Your Shower Head
Jan 1, 2012
$5.79
Only 4 left in stock - order soon.
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$1.05
(10 Used & New offers)
A bela anarquia: Como criar seu próprio mundo livre na era digital (Portuguese Edition)
Jun 22, 2018
$5.38
$97.97
Only 2 left in stock - order soon.
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$97.97
(2 Used & New offers)
Liberty.me: Freedom Is a Do-It-Yourself Project
Jan 27, 2014
$9.99
$565.00
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$6.99
(8 Used & New offers)
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