A Parable: Who Will Build the Roads?

The owners of private roads, those few in the know knew, would provide better roads at lower cost than Leviathan ever could.

The Power to Regulate Is the Power to Control

The power to tax or to regulate is also the power to control, not just in the supposed “public interest” but in the interest of the regulators themselves, or specific politicians, or the government more generally.

Don’t Ask ‘Who Will Build the Roads?’ Ask ‘Do We Even Want Roads?’

What unseen effects did the “small present good” of a $558 billion highway network mask?

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Capitalism is the social system recognizing individual rights, founded on a philosophy based on reason, egoism & freedom, that results in peace, progress & prosperity for all.

CULTURE

Politics

Keep Governments Out of Data Debates

Keep Governments Out of Data Debates

There is a role for the law in consumer data privacy, but for the most part, rather than looking for ways to regulate and punish, states should stay focused on actual violations of individual rights, such as when personally identifiable data is used to commit identity and financial theft.

WORLD

MARKETS

Wage and Price Controls Are Not the Answer to Inflation

Wage and Price Controls Are Not the Answer to Inflation

Reinforcing what economic theory tells us, evidence of the harm of price controls abounds in history, from the infamous 303 A.D. Edict of Emperor Diocletian in Ancient Rome to America’s 1970s gasoline price controls and, perhaps most infamously, New York City’s disastrous eight-decade-long experiment with rent control.

LAW

SCI-TECH

Capitalists on the Moon

Capitalists on the Moon

The essence of Jacobin Magazine’s argument is that it isn’t fair that some get to enjoy things most of us can’t afford. If everyone can’t enjoy luxuries, then nobody should be allowed to. This is an example of what Ayn Rand called “hatred of the good for being the good.”

Thankyou Elon Musk!

Thankyou Elon Musk!

Elon Musk’s mistakes should be viewed in the context of his achievements. Musk has contributed to human flourishing not only by developing Tesla and SpaceX and co-founding Open AI. By taking over Twitter and shaking it up, he has exposed the government’s violations of free speech.

The Malthusian Contradiction

The Malthusian Contradiction

Specific resources are limited. There’s only so much oil, land and water. But resources, in general, are unlimited — or rather, limited only by human ingenuity.