Tag: money
Defending Middlemen
September 27, 2016 | Post
Each consumer is free, on his or her own, to visit farms and factories and processing plants in order to purchase items directly from producers. But, of course, such visits would be enormously time consuming and would cost quite a lot in airfare and other travel expenses. We know that retailers and other middlemen perform valuable services because we observe consumers, everyday, voluntarily paying for these services.
Ethicists Statement on Compensating Bone Marrow Donors
September 21, 2016 | Post
Paying bone marrow donors is not only economically efficient, it’s also a more ethical means of securing live saving treatment for those in need.
There's No Such Thing as Too Much Profit
September 13, 2016 | Post
Businesses aren’t charities. They are money-making ventures that exist by and for profit. Everything else is a bonus.
Alexander Hamilton, a Second-Hand Dealer in Retrograde Mercantilist Ideas
September 11, 2016 | Post
[Alexander Hamilton] was decidedly retrograde in pushing for an exclusive nationwide bank with a sweetheart government deal. He was not a creative policy genius so much as a persuasive second-hand dealer in discredited mercantilist ideas.
Science: A Short Story
September 4, 2016 | Post
Several years ago Uncle Sam declared Jones, a man in his mid-40s, to be uniquely entitled to retire immediately at double his real annual income of $100,000 for life. Jones took Uncle Sam up on this offer. Each and every year until Jones enters oblivion Uncle Sam now transfers to him $200,000. Jones is made […]
How Free Speech Protects Property
September 3, 2016 | Post
Does a ban on signs on the beach infringe on property rights? Edward and DeLanie Goodwin, in partnership with the Pacific Legal Foundation, argue that it does, and have filed a lawsuit with Walden County, Florida. Walden County recently banned all signs on private beach property—this includes “Private Property” and “No Trespassing” signs meant to […]
How Far Does $100 Get You In Your State?
August 24, 2016 | Post
The relative worth of a dollar is dependent on a range of factors that vary from state to state.
Venezuela vs. Ecuador (Chavismo vs. Chavismo Dollarized)
July 22, 2016 | Post
This piece was originally published at the Cato Institute. Tune into Learn Liberty’s Facebook page on Monday at 3pm for a Facebook Live event with professor Steve Hanke on this topic. With the arrival of President Hugo Chávez in 1999, Venezuela embraced Chavismo, a form of Andean socialism. In 2013, Chávez met the Grim Reaper […]
What Citizens United v. Federal Election Commission Means for Free Speech Today
April 29, 2016 | Post
OK, so let’s say the $h!t finally hits the fan. Imagine that whomever you think would be the worst possible president has just been elected. Further, imagine that he has made clear, “Don’t think we’re not keeping score, brother,” or that anyone who didn’t cooperate with his plans would “pay a big price.” Would you […]
Should America Kill the $100 Bill?
March 7, 2016 | Post
“Is Now the Time to Kill the $100 Bill?” That’s the title of a Wednesday, February 17 article in the Wall Street Journal, prompted in part by a blog post from former Secretary of the Treasury Lawrence H. Summers.The article states that the Treasury Department has no current plans to eliminate the $100 bill, so […]
Can Bitcoin Help Alleviate Poverty?
January 19, 2016 | Post
The benefits of having a denationalized form of money are great. Apart from the inherent budgetary constraints it would impose on governments it also makes trading and the transferring of money cheaper and easier. The potential this has for emerging market economies is breathtaking. Professor Jerry Brito talks how Bitcoin can help alleviate poverty in […]
Featured On Demand Program of the Week: Bitcoin
January 18, 2016 | Post
You may have heard a news report or two about Bitcoin. Your friends might have mentioned it in passing at the latest cocktail (read: frat) party, and you may even know someone who has invested in it. But what exactly is Bitcoin? And why is it important? In this program, you will learn the basics […]
Quote of the Day: Hayek on Money
December 22, 2015 | Post
F.A. Hayek was highly critical of central banking and of government’s proclaimed interest in holding a monopoly on the issuance of money. Hayek eventually turned his opinions on money and free banking into an economic treatise in the book “The Denationalization of Money“. Some even say Hayek predicted the emergence of Bitcoin nearly three decades […]