Why is Liberty the Noblest of All Values?

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?

Mises’ Economic Calculation Problem: An Answer to “Is it possible to have an economic system with no money?”

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?”