[First published on Free Life]
One of the mandates that our economic lords and masters have arrogated for themselves is that of maintaining so-called price stability, a constant purchasing power of the monetary unit in our wallets.
Continue reading[First published on Free Life]
By both mainstream economists and the general public the cycle of “boom and bust” is believed to be a tendency inherent in any capitalist economy. The fact that the latest of such cycles, beginning in 2008 (and arguably not having ended), originated in the banking sector and that large banks and
Continue readingI chat to Andy Duncan about one of my recent articles, Toward a Libertarian Political Strategy.
Continue reading[First published on Free Life]
One of the elements of a capitalist system that induces purple-faced rage amongst statists and progressives is the existence of profit. This residual – the amount left over once an entity has deducted its costs from its revenue – is said to line the pockets of greedy shareholders while exploiting labourers and consumers.
Continue reading[First published on Free Life]
During an economic malaise one of the endless reams of statistics to which pundits glue their eyes is the number of jobs that are either created or destroyed. The state makes “job creation” a central plank of its economic policy to put people back to work, and the impression that more people are being hired and fewer fired buoys their hubristic impression that we must be on the road to recovery.
Continue reading[First published on Free Life]
The belief that economic progress is boosted by consumption is based upon the kind of misunderstanding that could be made only by intellectuals – the product of theorising that is completely detached from the common sense that everyone else possesses.
Continue reading[First published on Free Life]
Author’s Note: This is the first in a series of short posts which will seek to rebut popular, but wrong, economic beliefs.
One of the positive indicators of our so-called economic recovery bandied about not only in the media but also by our monetary lords and masters at the head of central banks is the idea that rising prices are a sign of economic recovery. This mistaken belief is part of a wider myth that views the economy as little more than a giant number – a number which, if going up, means things are good and getting better, and if going down means the situation is bad and getting worse.
Continue readingIn my most recent article for Free Life, I discussed a number of ways in which libertarianism differs from many statist philosophies at the fundamental level. One of these ways is the fact that it is more accurate to regard libertarianism as a behavioural ethic rather than as a grand, political system. This present article will echo and develop this particular theme in order to lay some basic groundwork for a libertarian political strategy.
Continue readingMuch of the pro-liberty movement (myself included) tends to focus on the role of education as the prime driver towards a freer world. Given that, ultimately, any regime is cemented in place by the will of the people, such a world is unlikely to thrive unless people are motivated to embrace their freedom while rejecting all forms of force and coercion.
Continue readingA distinct disadvantage of advocating for a society free from state interference is that winning either the rhetorical or emotional battle is a lot more difficult. Democratic socialists and redistributionists can effectively wear their bleeding hearts on their sleeves, forever declaring their care for the poor, the sick, the elderly, or whichever group is in need of their pitiful platitudes at any particular time. Libertarians, on the other hand, appear to advocate for nothing more than greed and selfishness by calling for the right of every person keep own his/her income. Surely this would be the slippery slope to each of us ferreting ourselves away in an increasingly atomised existence?
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Duncan Whitmore 