Nothing to Fear from New Technologies If the Market Is Free by Kevin Carson January 1, 2015 The Second Machine Age: Work, Progress and Prosperity in a Time of Brilliant Technologies by Erik Brynjolfsson and Andrew McAfee (W.W. Norton & Company 2014), 320 pages. The subject of this book is the “second machine age,” in which “computers and other digital advances are doing for mental power — the ability to use our brains to understand ...
The U.S. Executions of Charles Horman and Frank Teruggi, Part 3 by Jacob G. Hornberger December 1, 2014 Part 1 | Part 2 | Part 3 | Part 4 | Part 5 As soon as World War II ended, the U.S. government proceeded to convert the Soviet Union from a wartime partner and ally to a new official enemy of the United States, one that Americans were told posed a greater threat ...
Bastiat on the Socialization of Wealth by Sheldon Richman December 1, 2014 That … veil which is spread before the eyes of the ordinary man, which even the attentive observer does not always succeed in casting aside, prevents us from seeing the most marvelous of all social phenomena: real wealth constantly passing from the domain of private property into the communal domain. Wealth marvelously passing from the private to the communal domain? ...
The Food-Security Charade by James Bovard December 1, 2014 Federal spending on food aid has skyrocketed in recent decades, and the feds are now feeding more than 100 million Americans. Yet, according to the Agriculture Department (USDA), far more Americans are “food insecure” now than before the mushrooming of subsidized feeding programs. But rather than seeing this as evidence of a government failure, a chorus of activists and ...
The Origins and Intentions of Copyright by Joseph S. Diedrich December 1, 2014 In a victory for media Goliaths, the Supreme Court recently ruled that TV-streaming service Aereo “perform ... copyrighted works publicly” and therefore violated copyright law. The ghost of Grokster haunts us. Napster rolls in its grave. Copyright’s muscular hands have once again strangled innovation. What is the purpose of copyright law? Conventional wisdom asserts that it protects the rights of ...
Uniting Constitutional Protection for Economic and Social Liberties, Part 2: The Great Depression and the Great Divide by Steven Horwitz December 1, 2014 Part 1 | Part 2 | Part 3 In part 1, I traced the evolution of “substantive due process” jurisprudence under which the Supreme Court protected a variety of unenumerated rights, both economic and personal, through the Due Process Clause of the Fifth and Fourteenth Amendments. Many of the unenumerated rights that had been protected ...
“Both Together, They Made a Very Good Book” by Joseph R. Stromberg December 1, 2014 The Great Debate: Edmund Burke, Thomas Paine, and the Birth of Left and Right by Yuval Levin (Basic Books 2014), 235 pages. Yuval Levin’s well-written Great Debate is full of useful material, understandable explanation, and interesting reflections. It flows along smoothly and even entertainingly, unless that is a cuss word in serious circles. Levin goes through the Burke-Paine controversy ...
Ignoring the Difference between Free markets and State Capitalism by Kevin Carson December 1, 2014 Capital in the Twenty-First Century by Thomas Piketty, translated by Arthur Goldhammer (Belknap 2014), 696 pages. The basic phenomenon that Thomas Piketty devotes this book to describing is simple: “When the rate of return on capital significantly exceeds the growth rate of the economy..., then it logically follows that inherited wealth grows faster than output and income.” His historical account ...
The U.S. Executions of Charles Horman and Frank Teruggi, Part 2 by Jacob G. Hornberger November 1, 2014 Part 1 | Part 2 | Part 3 | Part 4 | Part 5 To understand the full context of the U.S. executions of Charles Horman and Frank Teruggi Jr. (see part 1), it is necessary to first do a broad survey of American history. We begin with the Constitution, the document that brought the ...
Jane Cobden: Carrying On Her Father’s Good Work by Sheldon Richman November 1, 2014 Among libertarians and classical liberals, the name Richard Cobden (1804–1865) evokes admiration and applause. His activities — and successes — on behalf of freedom, free markets, and government retrenchment are legendary. Most famously, he co-founded — with John Bright — the Anti–Corn Law League, which successfully campaigned for repeal of the import tariffs on grain. Those trade restrictions had ...
Eric Holder: Patron Saint of Trigger-Happy Cops by James Bovard November 1, 2014 Attorney General Eric Holder received a tidal wave of laudatory media coverage for his visit to Ferguson, Missouri, in the aftermath of a local white policeman’s killing an 18-year-old black man. Holder assured the people of Missouri, “Our investigation into this matter will be full, it will be fair, and it will be independent.” But Holder’s own record belies his ...
Politicians Ignore the Looming Debt Iceberg by George Leef November 1, 2014 We libertarians are often accused of “worshiping” the Constitution, but that charge is false. Although we don’t care one bit for the “living Constitution” theory that leads only to the expansion of state power, it does not follow that we think every idea in the written Constitution is ideal. The document is flawed, as many Americans, the Anti-Federalists, argued ...