No, the Civil War Did Not Forever Settle the Matter of Secession
2024-02-24
There are many arguments against secession. Some of them are quite prudent, such as those that simply contend that national separation may not be a good idea at this time.
Many others are premised on the refusal to acknowledge the human right known as self-determination. This argument is wrong and immoral, and is nothing more than the traditional imperialist-colonialist argument repackaged for modern audiences.
Perhaps the worst "argument" against secession is the use of the phrase "we tried it before and it didn’t work." I put "argument" in scare quotes because the statement isn’t an argument at all. It’s simply a claim that, because a political strategy failed in the past, it can never be tried again. Ever.
We can see how simplistic this claim is when we imagine explaining it to a
Hubris Runs Rampant at the Fed
2024-02-23
Prices will always increase, some small banks will fail, and the Fed was asleep at the switch when the run on Silicon Valley Bank occurred. Fed chair Jerome Powell admitted those three things in response to Scott Pelley’s questions on 60 Minutes.
“But the overall price level doesn’t come down. It will fluctuate. And some . . . goods and services will go up, others will go down. But overall, in aggregate, the price level doesn’t tend to go down except in fairly extreme circumstances,” Powell said.
Of course, what Powell is referring to doesn’t exist. Murray Rothbard wrote,
There is no such thing as a single, scientific index of the movement of general prices. All such indexes are strictly arbitrary, and there are a huge number of possible indexes, all of which create insuperable economic