The West Is Losing Interest in Ukrainian Victory

2024-02-05

In War Guilt in the Middle East (1967) Murray Rothbard observes that libertarians are very clear on the principles of liberty, but less so on the details of specific events:
Now this kind of insight into the root cause of war and aggression, and into the nature of the State itself, is all well and good … But the trouble is that the libertarian tends to stop there, and evading the responsibility of knowing what is going on in any specific war or international conflict, he tends to leap unjustifiably to the conclusion that, in any war, all States are equally guilty, and then to go about his business without giving the matter a second thought. (p. 21).
Informing oneself of what is going on in specific conflicts requires a great deal of time and effort, as well as a sound grasp of the relevant

2023-11-06

Migration is part of the wider concept of economic freedom. This makes it desirable if prosperity is the goal of policy. But more applicable to the current attitudes and values of Western leaders than mundane economic arguments, migration presents an opportunity to increase the pool from which they extract real income. This is required in the face of poor demographics and growing socialistic ambitions.
The extraction is achieved by taxation and inflation, which create huge costs to the productive sector regardless of its makeup. In this sense, any large-scale migration is likely to be an example of states coming to the right answer in the wrong way.
Factors Seek the Highest Rent
The mobility of factors of production is always desirable. Migration is simply the mobility of labor over

2023-11-04

The Bureau of Labor Statistic (BLS) released new jobs data on Friday. According to the report, seasonally adjusted total nonfarm jobs rose 150,000 jobs in October, month over month. The unemployment rate rose slightly from 3.8 percent to 3.9 percent over the same period. 
The headline payroll increase of 150,000, however, was possibly among the best news to be found in today’s new jobs data, however. Once we delve more deeply into the numbers, we find substantial evidence that the "strength" of the job situation is greatly overstated by the payroll numbers while employed persons, wages, and other measures point to trouble ahead in in economy already strained by growing bankruptcies, mounting debts, and disappearing savings. 
For example, more than one-third of all new employment growth in

2023-11-03

Last month, Dr. Ibram X. Kendi’s Center for Antiracist Research at Boston University announced that it was laying off almost all of its staff, in spite of having received almost $55 million in funds in the last three years. Critics have jumped on Kendi’s fall to renew arguments that he’s a grifter or a “midwit,” but there’s another underappreciated aspect to Kendi’s fall. Kendi always struck me as someone who had the raw intellectual horsepower to succeed but whose rigid ideology pushed him toward ideas and solutions that were farther and farther from reality. In that way, his fall represents a cautionary tale for all of us.
A few years ago, a landmark study published by Cambridge University Press claimed that our rigid ideologies could actually be making us dumber. The study’s authors