Figure 2: World economic history in one picture. Incomes rose sharply in many countries after 1800 but declined in others.

Why did it take so long to get out of the Malthusian trap; and what happened that we finally succeeded? Why did it take so long until we gave up a hunter-gatherer existence in favor of an existence as agricultural settlers? And why, even after the invention of agriculture and animal husbandry, did it take more than another 10,000 years until mankind’s seemingly final escape from the Malthusian trap?

Bitcoin, The Regression Theorem, and That Curious But Unthreatening Empirical World

It must happen this way. Nobody can ever succeed in constructing a hypothetical case in which things were to occur in a different way.

—Ludwig von Mises on the regression theorem

Giuseppe Pellizza da Volpedo - Il quarto stato (1901)

Is equality the ethical ideal for humanity? Rothbard says no. Indeed, “the egalitarians are profoundly antihuman.”

Government Solved the Health Care Crisis

Why do we have a crisis in health care costs today? Because government “solved” the last one.

Long Live the Loophole

Modern liberalism works in a simple but effective manner: liberals Find Problems. This is not a difficult task, considering that the world abounds with problems waiting to be discovered. At the heart of these problems is the fact that we…

The Will To Be Free: The Role of Ideology in National Defense

The practical superiority of markets over governments has become readily apparent. Only the most dogmatic of State apologists continue to deny this obvious fact—at least with respect to the production of many goods and services. Free-market economists and libertarians go much…