free market

What is Spontaneous Order?

One of the most powerful arguments against coercive government (and the will to control other people's behavior in general) is spontaneous order. But what is spontaneous order? To understand the concept, I have found the ice rink analogy to be excellent. Imagine you are on an ice rink with just one other person. Read more [...]

Why the Free Market is the Ultimate (and only) Morally Just System

(or Why Everyone Benefits from Voluntary Interactions) If, like the Classical and Marxist economists, you believe in the long-discredited Labor Theory of Value, then goods and services have objective values assigned to them, derived largely from the labor that went into their creation. If indeed the value of goods Read more [...]

Drug Approval Without the FDA

Let's get something out of the way right from the beginning: what an adult puts into his or her body is their responsibility. They own themselves (libertarian principle of self-ownership) and as such have the right to help or harm themselves as they wish. If an individual wishes to drink alcohol, or smoke tobacco, that's Read more [...]
free markets

The Free Market as a Conduit for Exosomatic Problem Solving

This is a re-post from an old blog of mine, dating several years back. The purpose of this article was to compare the effectiveness of competing ideas on a free market, versus one set of ideas being forced upon everyone by a coercive system of government. Excuse the perhaps overly-complicated way I've written this. ____________________________________________________________ After Read more [...]