Do-it-yourself alternative currency for small towns

I have been lately courting the Green and Libertarian parties about my running for Congress in NY District 19.  Recently, I attended a NY state Libertarian monthly meeting.  When the topic of the possible collapse of the U.S. petro-dollar came up, many people said that they had invested in gold or other commodities–or Bitcoin–in preparation…

Three Pillars of Society: Business, State and Charity

Much of our political discourse is about whether the government or the free market should control the basic structures of society.    When power becomes concentrated in corporations, business leaders can behave as if they are above the law and cease to be responsible to the consumer.  When power becomes concentrated in government, politicians can act…

Free Market

Some of the most well known free market philosophers are  Adam Smith,  F. A. Hayek, and Milton Friedman.  Proponents of free markets believe that individuals (should) make their own decisions about what to buy and where to work.  When this freedom/right is exercised, the market responds to supply and demand by valuing goods and labor…

The Separation of Business and State and the Privatization of Public Education

Because US public schools do poorly compared to those in other developed countries, those who support a “free market” approach argue the quality of education would be improved if public education were subjected to the effects of competition:  schools that are inferior will go bankrupt; schools that are good get more customers. (This leaves aside…

Moral Responsibility and Capitalism

From Mises Institute, “In his book, Where and Why Public Ownership Has Failed (1914), Yves Guyot, using both statistics and economic theory, shows systematically that private railways are safer, cost less, and more efficient. An unsafe private rail company is penalized by consumers whereas nationalized industries escape all material and moral penalty. Therefore, safety requirements…