Laissez Faire Club Blog

“Destined to be a classic”

The Art of Being Free, by Wendy McElroy, reviewed: The triumphant exposition laid out over the course of the entire book is uplifting and inspirational for anyone who – like the author herself – has doubts about the future and is despondent over any one individual’s relative inability to affect change on a grand scale.… read more

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Ronald Bailey on Biotech Patents

Ronald Bailey writing for Reason.com bravely comes to the defense of Monsanto’s seed patents, arguing that a court case should certainly be decided in favor of Monsanto. I say bravely because those very patents have turned Monsanto into the poster child of the evils of capitalism, mostly through the portrayal on “Food Inc.” of fat… read more

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Vegas Baby, and FreedomFest

Have you been to FreedomFest in Las Vegas? The first time I attended it was a revelation, sort of what it’s like for a country kid to see the city for the first time. Everyone was there. Thousands. There were so many speakers and ideas and organizations and merchants — all centered around the goal… read more

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Government thinks that you are an idiot

The European Commission has fined Microsoft $732 million for failing to give options on the opening Windows screen for downloading other browsers. This proves that consumers are smarter than governments. After all, most consumers have figured out on their own that they have other options to Internet Explorer. Chrome is the number one browser in… read more

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Bitcoin Mania

Well, make that a tripling since the first of the year. It does feel these days that we are in the process of real monetizing. There are stores opening up such as Bitcoinstore.com. More merchants are embracing it. I’m starting to see people exercise a preference for BTC over government currency. Is it a speculative… read more

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Bank Rescue Update

Fed Chairman Ben Bernanke’s attempt to drive all cash out of..well…cash and into riskier assets continues apace.  The American Banker reports that the market for bad loans is brisk with higher prices. Through the first two months of this year, sales of more than $5.2 billion of residential loans and $1.9 billion of commercial loans… read more

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Environmental Crisis? Yawn

A new poll shows that there is less public concern about environmental issues than in twenty years — or maybe people have just become bored with the unrelenting propaganda. Especially during a recession and hard times, people turn to stuff that matters like whether you can get a job and have some measure of financial… read more

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Got Bullets?

My wife and I went shopping for ammunition a week or so ago and were stunned looking at the virtually bare shelves at the guns and ammo store favored by many locals.  They had a few boxes of this and that, but no 22 caliber rounds.  None.  We asked when they would be getting resupplied.… read more

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The Triumph of Social Cooperation

Last month a fire broke out in the engine room of a 14-story cruise ship in the Gulf of Mexico. The fire disabled the vessel, leaving 4,200 people on an inoperative tub in the middle of the ocean. What happened next? Political theorists of the Hobbesian persuasion would assume that violence would take over. After… read more

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Hollywood Fact and Fiction

The Academy spread the Oscars around nicely the other night with no movie grabbing a big haul. Virtually all the contenders received a little slice of voter love. Just remember what is being shown love here. What looks like history is really just good entertainment. There’s nothing wrong with that — unless we confuse the… read more

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Building a Freer Life

In New Hampshire at the Liberty Forum, I spoke to an old timer in this sea of young people. He offered a fascinating big picture on the prospects for political reform. He spoke to me about what it was like in 1964 when Goldwater received the Republican nomination for president. It was the culmination of… read more

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Another Condo Boom Already?

Bet you didn’t think you’d be hearing this already. “Developers realize the next South Florida condo construction boom is just beginning,” said Peter Zalewski, principal of Condo Vultures. “There is a tremendous pressure on every developer to get started sooner rather than later in hopes of delivering their units earlier than the competition.” Boom just… read more

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Government Housing Marches On

Housing’s dead cat bounce has the financial press all a twitter. There is a lack of existing homes on the market as the foreclosure pipeline remains clogged. Homeowners underwater (11 to 20 million nationwide) can’t sell. So builders are back in business, because as one buyer told the Wall Street Journal, “It’s much easier to… read more

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Anarchism (the good kind) is all around us

Here is my latest contribution to The Freeman: People often ask me “when did you become an anarchist?” It’s not an easy question to answer. Deep changes in one’s intellectual outlook do not happen overnight. You first entertain the idea. Then you assess its plausibility. You might even embrace the idea fully, but only in… read more

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Specter of the Sequester

Anytime there are threatened cuts to government spending the crying starts about government “services” that will be interrupted, curtailed, or stopped. Private businesses cut budgets all the time and maintain service levels. But, even the smallest budget cut, or even a cut in the projected increase of a government budget and suddenly, whoa….”if you do… read more

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My new Bitcoin life

Last night after dinner, some people were having some drinks and I picked up the check for a guy and he paid me in Bitcoins. How is that possible? I downloaded an app for my smartphone that serves as my wallet. He scanned my square bar code and sent the money. It arrived an instant… read more

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Washington: Do as We Say, Not as We Do

SMU’s Dwight Lee has a wonderful piece in today’s Wall Street Journal pointing out that while President Obama and his supporters on Capitol Hill are agitating for a higher minimum wage, interns in the capitol don’t make anything. They don’t even get their expenses reimbursed. Barbara Boxer, Al Franken, Jerrold Nadler, Charley Rangel, and so… read more

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Happy Birthday Robert Mugabe

We say that sarcastically to the 89 year old dictator of Zimbabwe, a resource rich country he’s ruled for 33 years and has essentially destroyed economically. Pope Benedict XVI is four years younger than Mugabe and has decided to hang up his cross and robes. Mugabe intends to follow Rothbard’s law, “no one retires.” A… read more

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Interview with Tejarat-e-Farda

Interview with Tejarat-e-Farda, a news weekly with a large circulation in Iran and throughout the Middle East. Q: What do you think about current alternative social movements in American society? How popular are movements such as anarcho-capitalists, left-wing anarchists, radical liberals and etc. among American people? How do you see future of these movements? Tucker:… read more

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