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March 07, 2016

Cultural Depictions of Communism and Christianity

As the author of a book titled The Roots of Coincidence, Arthur Koestler would appreciate the coinky dinks of the past week. First, I finished re-reading Koestler’s two nonfiction works of 20th century European madness, Dialogue with Death and Scum of the Earth. Continue Reading...
March 07, 2016

Just how bad is crony capitalism?

Cronyism is ugly. It hurts the economy, it’s unjust, and corrupts the core of democracy.  “The damage that cronyism has inflicted on the economy is considerable,” Samuel Gregg writes in a new piece for Public Discourse. Continue Reading...
March 07, 2016

Liberty > Anti-Establishment Angst

With Donald Trump and Bernie Sanders outperforming all expectations in the current election cycle, much has been said and written about the widespread dissatisfaction with the so-called “establishment.” “We’re tired of typical politicians,” they say. Continue Reading...
March 07, 2016

Donald Trump and Milton Friedman Debate Free Trade

If it wasn’t for Bernie Sanders, Donald Trump would win the title of most economically illiterate presidential candidate in the short history of the twenty-first century. A prime example of why he’d earn this ignoble title is Trump’s opposition to free trade — a position which, not surprisingly, he shares with Sanders. Continue Reading...
March 04, 2016

The hockey stick of human prosperity

Since the era of Adam Smith economists have been asking, “What creates wealth?” One key answer is specialization and trade. On a timeline of human history, the recent rise in standards of living resembles a hockey stick — flatlining for all of human history and then skyrocketing in just the last few centuries. Continue Reading...