The Independent Institute is delighted to announce the publication of the paperback edition of George Selgin’s Good Money: Birmingham Button Makers, the Royal Mint, and the Beginnings of Modern Coinage, 1775–1821, winner of the 2009 Bronze Medal IPPY Award. It has long been maintained that governments alone are fit to coin money, but the...
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Prison life isn’t known for exemplifying social harmony—far from it. A life of internment seems to better fit philosopher Thomas Hobbes’s description of human existence before government, in the mythic state of nature: nasty, brutish, and short. But San Pedro Prison in La Paz, Bolivia, is an anomaly—a fascinating experiment that shows how, even...
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Interventionists insist that “free market absolutism” is naive, runs counter to reality, puts ideology above empirical facts. Yet I am amazed by how often government policies with a clear historical record of failure are enacted and defended. This is the most baffling and frustrating as it concerns policies that the most elementary of economic...
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The humor columnist for the New York Times, Paul Krugman, has recently taken to defending his vulgar Keynesianism against its critics by accusing them of making arguments that rely on the existence of a “confidence fairy.” By this mockery, Krugman seeks to dismiss the critics as unscientific blockheads, in contrast to his own supreme status...
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Christians in Alabama and Georgia are stepping forward to defend undocumented immigrants against harsh new laws aimed against them. The new Alabama law—widely considered the nation’s most restrictive state law against illegal immigration—prohibits, among other provisions, providing transportation to illegal immigrants, requires schools to check the immigration status of students and report their findings...
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The provision of justice and security has long been linked in most people’s minds to the state. But are the state’s monopolies on lawmaking and law enforcement really necessary? Those who say “yes” typically assume that any alternative arrangement for law and order would favor the rich at the expense of the poor—or would...
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As many of you know, I teach at the University of Alabama at Tuscaloosa. I really appreciate all of the emails and calls asking how I fared in the tornado. We are fine as are all our family and friends. The tornado by-passed Northport (where I live) entirely. It also spared the University of...
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I saw the move Atlas Shrugged this week-end. It has received mixed reviews, but I enjoyed it. I like the book, and seem to have that in common with others who like the movie. I’m not sure how the movie would come across to someone who hasn’t read the book. Meanwhile, President Obama has...
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[Cross-posted in The Lighthouse, 3/1/11] Politics makes strange bedfellows — including alliances of idealists and opportunists who lobby for the same regulations, but for vastly different reasons. The classic example is that of bootleggers and Baptists, both of whom supported local laws to stop the sale of alcohol on Sundays, but scholars have found...
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