I used to be relatively passive to Bitcoin and crypto-currencies in general. I was long persuaded by Peter Schiff's argument that Bitcoin was a bubble that would "have a very short life" due to its lack of intrinsic value and speculative nature, and that it therefore does not fulfill Aristotle's five criteria for good money. … Continue reading What Good has Bitcoin Done for the World?
Why are Libertarians so obsessed with liberty? Many foreign to the philosophical basis for Libertarianism may wonder what exactly makes them think of liberty as so special and unique in comparison to all the other standards one can use as the fundamental basis for one's ethics, such as fairness, justice or equality. Why should liberty be … Continue reading Why is Liberty the Noblest of All Values?
If one legitimately wants to seek out the truth, one ought to investigate a myriad of different ideas and viewpoints. The natural biases, fallacies and irrationality of man, however, present many hinders arduous to overcome on this venture. We have a tendency to look for data confirming our own theories (confirmation bias), present the other … Continue reading The Mill Fallacy and the Importance of Investigating Heterodox Ideas
Can you list up all the ways that the world has improved since the Industrial Revolution? I think one hardly can, though one could get very far trying. We're enjoying living standards that were unimaginable to the people of the 19th century: twice as high life expectancy; an abundance of new goods and services that … Continue reading Why Do People Hate the Engine of Progress?
One of the most controversial topics in today's polarized political climate is that of abortion. While the general attitude in contemporary America appear to lean more towards favoring its full legalization or for it to be allowed in most cases, the two major parties of Republicans and Democrats tend to differ drastically on the matter, while … Continue reading The Paradox of Judging Abortion Based on the Non-Aggression Principle
In our contemporary culture there has been an increasing emphasis on oppression. The current fight for social justice demands an end to oppression and discrimination. The core of the matter is certainly understandable, if not admirable, and many followers have good intentions in legitimately wanting to decrease the occurrence of these vices, but as I … Continue reading The Antidote to the Oppression Narrative
The World Economic Forum recently asked readers for their ideas on how to answer six questions they identified that they proclaim "we must address to make Globalization 4.0 work for all." Suggestions can be sent in the form of short videos under a minute. Such shortness is not my strongest trait, but I wanted to … Continue reading Answers to World Economic Forum’s 6 Key Questions on “Globalization 4.0”
Image source: Pixabay "It's time for our troops to come home," Trump asserted on Wednesday, announcing that the United States is finally retreating their 2,000 troops from Syria after four years of military involvement in the Syrian Civil War (started by the Obama administration without Congressional approval as the bill never even reached a floor … Continue reading Three Cheers For Retreating U.S. Military From Syria; Now Do the Same with Afghanistan and Yemen Wars
While contemplating issues academically and analytically, one can easily get lost in the abstractions of statistical numbers and jargon and end up with a misleading or incomplete understanding of the subject. In the field of economics, for instance, one can get a different perception when abstract terms like "the economy" or "the market" are used … Continue reading The Real Differences Between the Private and Public Sector
This answer was originally posted on Quora in September. Short answer: No Long answer: This proposition was disproved theoretically by Ludwig von Mises in the first half of the twentieth century. He is known for having elaborated the “economic calculation problem”, first in his 1920 article “Economic Calculation in the Socialist Commonwealth” and expanded upon … Continue reading Mises’ Economic Calculation Problem: An Answer to “Is it possible to have an economic system with no money?”