The “New” South Africa Is Now a Newly-Failed State: Don’t Look for Things to Improve
2024-02-13
Recently, South Africa evoked opposition in some quarters by bringing a case against Israel to the International Court of Justice on the account that the latter is perpetuating genocide against Palestinians. Israel’s response to the terror of Hamas has been widely denounced by the mainstream press, but irrespective of the legitimacy of South Africa’s claims, this matter has brought South Africa to the forefront of public discourse, and as such, an examination of the country is necessary.
South Africa is a country mired in social and economic turmoil. After the collapse of the apartheid regime in 1994, many thought that the nation would embark on an era of sustained prosperity, but this ambition failed to materialize. Instead, the African National Congress became so enmeshed in corruption
Do We Really Want to Go There? A Michigan Jury Endorses Vicarious Criminal Liability
2024-02-10
A Michigan jury this past week convicted Jennifer Crumbley of “involuntary manslaughter” after her then-fifteen-year-old son Ethan shot and killed four of his classmates at Oxford High School in 2021, using a gun that his parents had given to him as a present. Ethan had suffered from depression and other mental health issues before his deadly actions, and hindsight obviously tells us that he should not have been given a gun in the first place, but the issues this trial and verdict create go well beyond any discussion of parenting.
Most media accounts of the verdict concentrate on the shooting itself, Jennifer Crumbley’s actions or inactions, and the reactions of the jurors and one of the parents whose daughter Ethan had gunned down. None asks a more important question: Did Jennifer
From the Invisible Hand to the Invisible Sleight-of-Hand
2023-11-13
Why are we using state money instead of market money? Put another way, why can’t we select the money we want to use? Cryptocurrencies are a market alternative, but they haven’t put state money out of business yet. If they ever threaten to do so, the state can prohibit them.
Market money is sound because of two essential features. First, it represents the market’s choice of a universally accepted medium of exchange, and second, it shackles government to a great extent, liberating the people. A state that prowls foreign lands in the name of freedom and democracy and keeps its domestic population in line with free stuff and threats has no interest in a currency it can’t will into existence. For this reason, governments hate sound money.
Even worse, people hate sound money. Sound money means