Libertarian Thoughts

5 July 2023 The outside world is looking at Yellow Freight and can’t understand how two sides of a negotiation could be so angry with each other that there are some who want to see their own jobs cut and watch the company go bankrupt. It’s been a 15 year road of concessions, give-backs, broken promises, executive bonuses and so on. The workforce has endured let down after let down from the Hoffa…

April, 2023 Welcome to the dawning of The New World Order, or as the World Economic Forum would put it, “The Fourth Industrial Revolution”. For those who attempt to keep up with current events, life has been happening hard and fast. Before one story of bad news leaves the news cycle , two or three more stories hit. Just like that proverbial train wreck in slow motion, each story keeps piling up…

So much has happened since my last article, to say the least. There are a few reasons why I haven’t written anything, mostly due to time constraints. I work full-time and don’t have the time available to devote the required research time to write more articles. I’ve just been charged another $99 by WordPress to maintain this site, so I guess I’ll do something with it. So, instead of a researched…

Democracies and the Free Market

Recently, Tom Woodsdiscussed an AlterNet article entitled, “11 Questions You Should Ask Libertarians to See If They’re Hypocrites”. The discussion revolved around ways to trick libertarians into “gotcha” moments by asking whether or not certain given items were examples of spontaneous order. One example of spontaneous order was a democracy. Tom, in his usual form, handled the writer quite…

The Hot Air of Private vs. Public

Many libertarians are already convinced that the private market can do anything the government can do, only more efficiently. There’s the historical example about Lysander Spooner outperforming the US Postal Service in the 18th century. Wherein he was so efficient at delivering the mails at a cheaper rate and to his customers’ front door, that the US government outlawed the private market from…

A Defense of Keynes: Well, Not Really

Of all of the articles I have written, this one has pained me the most to write. In it, I will have to site and at times defend John Maynard Keynes, not his “General Theory”, but another paper he wrote in 1930 titled, “Economic Prospect of our Grandchildren“. If you haven’t read it, please read it first. It’s not very long. Capitalism Is Dead In this paper, Keynes attempts to debunk the popular…

Language: The Final Frontier

Clinical psychologist Jordan Peterson has taught all free-marketeers something valuable; the English language must remain laissez-faire. His stance against Canada’s mainstream academia, more precisely, their insistence that the student body and faculty address each other using new “non-binary pronouns” has raised Jordan Peterson to a level of notoriety. But, does Dr. Peterson even know he’s also…

What are algorithms? Are they a good or a bad for society? Let's find out more .

If you’re a frequent user of social media platforms you’ve probably noticed something akin to being watched or even monitored. Suddenly, an advertisement appears for a product you might have reviewed on Amazon or eBay. A series of videos appears to the right of your YouTube page relating to something you’ve watched days earlier. Facebook only shows you news feeds for posts you may have interacted…

Source: Rights being eroded Recently I had a blog from Libertarian57, in this article, he asked the reader to share their thoughts on how our rights are being eroded. Here was my response, A good post and a good question. I had lived and worked in Berlin Germany, back when it was still West Berlin during and after the Cold War. Being a strong-headed younger man, I was convinced that the solution…

As Hurricane Harvey, now tropical storm Harvey, makes its way across the southern US, estimates have already come in as to the cost of the storm. According to AccuWeather, Harvey is expected to cost upwards of $190 billion in damages, one percent of the national GDP. This makes Harvey the costliest storm ever to hit the United States, more than Katrina ($100 billion) and Sandy ($60 billion)…

Psychologists and psychiatrists, over the recent years, have uncovered a phenomenon they call, “pathological altruism”. They describe how someone may have such an insatiable desire to help someone else, that they may actually be doing the recipient of that help more harm than good, without realizing it. Free marketeers have witnessed and described this very same behavior in the economic sphere,…

A quick update to all the readers of the BCE, I am currently adding audio to the bottom of each article. You will begin to find an audio widget at the end of each article for those who may be seeing impaired, short of time, or just would rather listen to a British guy read the article to you. It’s a little time consuming so I ask that you bare with me as I complete more and more articles. This…

Jackals, Hyenas and a Congress of Baboons

If you’ve ever seen a nature program on TV, undoubtedly you’ve seen how the secondary predators, like jackals, hyenas, and baboons bring down their prey differently than the larger predators, namely that one crushing death bite to the throat. Rather, they slowly wear down their prey until the whole pack is able to descend upon the poor creature and devour it alive. In a grotesque duo, the jackals…

So It Begins… Again

We are experiencing the Hegelian dialectic in real time. Let us consider the recent scandal that quickly blew into something of monstrous proportions in the alternative media known as Pizzagate. For those who have been living under a rock, Pizzagate involves two Washington DC pizzerias, Comet Ping Pong Pizza and Besta Pizza. Through the Wikileaks email dumps, investigators have learned that these…

Fiat Currency – Scrip by Another Name

American culture can teach us historical lessons without us even realizing it. We are all familiar with the chorus of the song, “Sixteen Tons” where it goes, “I owe my soul to the company store”. The song describes the mining “company towns” of the day. Due to the isolation of these towns, the low amount of employment opportunities and a lack of competition, most mining companies would pay their…

We Need More Jobs!

As always in an election year, the public clamors for more jobs. Understandably, being unemployed for any reason is a deplorable (did I just use that word?) position to find oneself in. Politicians promise more jobs. But does the market call for more jobs or more production? In actuality, people clamor for more, cheap, newer and better stuff. They want a job to be able to accumulate the stuff. To…

Hyperinflation: Are the Austrians Wrong?

Ever since the Housing Bubble of 2008 imploded, many Austrian economists, authors, and spokesmen have come out to announce that hyperinflation was just around the corner. The concerns of a hyperinflation scenario had much to do with the Federal Reserve’s policy of Quantitative Easing (QE). The Fed had exploded its balance sheet to unprecedented levels since the Great Recession began in 2008-09.…