Category Archives: Entrepreneurs

How the rhetoric of denunciation distorts public affairs

During a post on how the US Democrats need to get their act together for the good of the United States, IT guru and long-time blogger Eric. S. Raymond makes the following observation about constant harping on about racism: It is irrelevant whether an actual plurality of American voters actually are as racist and sexist as you […]

Stop with the projecting

If you assume some factor is behind everything, it is very easy to find it everywhere you look–you just project it onto phenomena. Marxists assumed everything was driven by class dynamics and–surprise, surprise—they found it everywhere they looked. As a friend of mine said to me years ago; Marxist academics didn’t look for evidence, they […]

The rhetorical appeal of The Donald

The Donald is a demagogue and central to demagoguery is wish fulfilment politics. Demagoguery is not about believing in things, but in saying whatever the audience wants to hear. (The real trick is saying what they want to hear but haven’t articulated themselves yet.) Say it well enough and almost any amount of contradiction will […]

The Rotten Heart of Europe

Bernard Connolly‘s The Rotten Heart of Europe: Dirty War for Money is a jeremiad against European monetary union first published in 1995. Its publication led to the author’s sacking from the European Commission, where he had been senior monetary and foreign exchange economist. This is not, as Connolly a matter of saying the “Emperor has no clothes” but […]

Migration, history and countries as club goods

This is based on comments I made here and here. Thin conceptions There is a line of argument which holds that if free trade in goods and services is good for economies, if free trade in capital is good for economies, then surely free trade in labour would also be good for economies. So, just as one should […]

Arsonists in charge of the fire brigade

A favourite economic justification for state action is to deal with externalities–the effects on people of some action or transaction that they were not willingly a party to.  The problem with this is that the coercive nature of the state makes it a prime creator of externalities: since it has coercive power, it can force consequences […]

Banking privilege as social bargaining: a nice case study

Have been reading Fragile by Design: The Political Origins of Banking Crises and Scarce Credit by Charles Calomiris and Stephen Haber. It is an excellent, and highly readable, history of banking: slides from a presentation explaining the basic thesis of the book are here (pdf). The information in the book also explains a puzzle of economic history. Technologically, the key […]

The solution to the problem of outcasting is not more outcasting

So, the new (since March) CEO of Mozilla, Brendan Eich made a $1000 private donation in 2008 to the Proposition 8 cause. So, he is–or at least was in 2008–against equal protection of the law for (some) of his fellow citizens. A somewhat problematic proposition; one of a series of such propositions with a long […]

What if ‘net-neutrality’ was a really bad idea? Guest post by Brian Hanley

[SL: Despite long-term engagement with technology, I remain something of a tech sceptic. I’m not the only lawyer who’s noticed that modern computer software often impedes the completion of important, time-critical tasks, or who has witnessed the property department at three different law firms refuse to part up with their IBM Selectrics. This article, however, […]

Response to Dr Horwitz’s thoughts

Dr Horwitz’s thoughtful and generous response to my original post is useful in clarifying what a serious Austrian school economist thinks and correcting some of my misapprehensions. It seems to have been a useful exercise, to provide reactions to Austrian commentary from someone much more familiar with mainstream economics. Even better, I now have something I […]