January 16, 2009
When you ask most capitalists what a capitalist system is, they will usually say a system of free markets and private property.
I confess to being perplexed by this. I’m certainly no expert in philology but it seems a very strange choice of root word for such a definition. It is important, I think, to remind ourselves of the real economic meaning of capital. Read the rest of this entry »
January 11, 2009
For some reason, there seems to be a surge of interest in the issue of hiring hitmen and whether the person doing the hiring is guilty of some crime from a libertarian perspective. For example, a recent video on YouTube by Morty14 spends ten minutes “defending the undefendable” as he puts it: the person hiring the hitman is not guilty of any crime.
Now I personally think that the issue is one of the least important that modern libertarians face and I can hardly believe I am taking the time to engage it. How many hitmen have you hired lately? But I think there are some important and worthwhile concepts that come out of this example. Read the rest of this entry »