All Entries in the "Free Market" Category
The Bitcoin Money Myth
by Frank Shostak, Mises.org, April 18, 2013 Many economists and financial commentators believe that in the unregulated market of the internet economy, new forms of money can be created that bypass central-bank and government supervision. The latest development is the emergence of a new electronic means of exchange, Bitcoin (BTC). Bitcoin was launched on January 3, [...]
Need Bitcoins? This ATM takes dollars and funds your account
New Hampshire entrepreneurs have created a dollar-converting anonymous Bitcoin ATM, which they hope to sell to bars, restaurants, and other retail locations nationwide. by Declan McCullagh February 23, 2013 NASHUA, N.H. — Zach Harvey has an ambitious plan to accelerate adoption of the Internet’s favorite alternative currency: installing in thousands of bars, restaurants, and grocery stores ATMs [...]
Developer Pitches Charter City on Island Near Detroit
BY LOUIS AGUILAR THE DETROIT NEWS Detroit — As the broken city thinks big and radically about its future, a developer is stepping forward with a revolutionary idea: Sell the city’s Belle Isle park for $1 billion to private investors who will transform it into a free-market utopia. The 982-acre island would then be developed into a [...]
Economics in one Lesson
This teacher is truly a genius! > > As the late Adrian Rogers said, “you cannot multiply wealth by dividing it.” > > This man is truly a genius! > > An economics professor at a local college made a statement that he [...]
The Myth of Free-Market Healthcare
by Kel Kelly, Lew Rockwell.com The AMA Monopoly While most people believe that our healthcare industry is one comprised of free markets, it is anything but. The industry is completely distorted by government manipulation.[1] To start with, the American Medical Association(AMA) has had a government-granted monopoly on the healthcare system for over 100 years. It has [...]
Tariffs as Welfare State Economics
by Gary North I have found over the years that when I debate with people who promote tariffs, meaning sales taxes on imported goods that are enforced by people with badges and guns, they always adopt arguments that apply only to America’s side of the border. They refuse to adopt those very same arguments for people [...]
Let’s give the Fed some competition by John Stossel
by John Stossel Pssst. Want to buy some Stossels? They’re my own currency with my face on them. Why should you trust them? Because I promise to redeem them for gold. And I’m reliable. I have money in the bank and a job that brings in more than I spend. By contrast, the politicians who [...]
Murray Rothbard’s critique of Samuel Edward Konkin’s New Libertarian Manifesto
From Strategy of the New Libertarian Alliance,Number One, May Day 1981, 3-11, a critique of the New Libertarian Manifesto [NLM] by the late agorist theoretician, Samuel Edward Konkin III (1947-2004); reprinted as “The Anti-Party Mentality” in Libertarian Vanguard, Aug.-Sep. 1981. Rothbard dated his submission November 10, 1980. The political context within which he wrote may be dated, but not the [...]
Why Black Market Entrepreneurs Matter to the World Economy
Soon, two-thirds of the world’s workers will be part of street economies, Neuwirth says. Photo: Jessica Dimmock Not many people think of shantytowns, illegal street vendors, and unlicensed roadside hawkers as major economic players. But according to journalist Robert Neuwirth, that’s exactly what they’ve become. In his new book, Stealth of Nations: The Global Rise of [...]
