Here’s a brainbuster for you: The product on the left will help keep you alive for 6-8 weeks. It costs $4.49. The other is nothing more than pretty to look at. It costs $161. Why? This paradox — the water-diamond paradox — troubled some of the world’s greatest minds. Plato wondered about it; Copernicus and […]
Once again, the United States government is rapidly approaching a fiscal debt ceiling. After March 16, 2017, Uncle Sam is not legally allowed to borrow any more money to cover its budget deficits, unless Congress votes to raise the debt limit like it has every time in the past. Uncle Sam’s debt has been growing […]
We reached out to Learn Liberty professors for suggestions on great women whose achievements should earn them a place on US currency.
Consensual sex is legal. But as soon as one party offers cash to another in exchange for sex and that money is voluntarily accepted, it’s considered prostitution, and that is illegal.
Arguably, the most interesting feature of the Bitcoin system is the way in which Bitcoin payments are processed. To make it clear why payments must be processed at all and how Bitcoin processes payments differently, I’ll look at processing payments with cash and banks before turning to bitcoin. Think about a cash transaction. Cash transactions […]
Cryptocurrency is an item intended for use as a commonly accepted medium of exchange that exists in the digital world and relies on encryption to make transactions secure.
Like something straight out of a Neal Stephenson novel, Bitcoin has cyberpunk sex appeal. It foreshadows a radical change in the social and economic order and is shrouded with a mystique and aura that can be difficult to penetrate.
There are 32 national currencies in these playoffs, from the 32 largest economies in the world. The winner of each currency-to-currency matchup depends on their exchange rates from January 1 to December 20, 2016.
College construction has focused more on creating non-academic than academic space, and about half of all college space today is for non-academic use.
Indian Prime Minister Narendra Modi stunned his country earlier this month when, out of the blue, he declared 85 percent of the nation’s currency notes null and void.
As the Mercatus Center’s Scott Sumner often says, one ought never to reason from a price change. Interest rates, like other prices, can change for all sorts of reasons; the implications of the change generally depend on the particular reason for such a change.
This past week, I was on a panel for a Senate Hill Briefing entitled “Should compensation for bone marrow donors be legal?”
Learn Liberty veteran Professors Peter Jaworski and Art Carden met up at a Samford University Bulldogs game to wax philosophical about the economics of college sports. In the video below, Carden asks, “Would it compromise the integrity of the sport if the student athletes were paid for the value they produce for their school?” to […]
Here are some thoughts on the implications of Donald Trump assuming the presidency with respect to monetary policy.
Are interest rates not prices? And if so, should they not be discovered instead of imposed?
The spread of markets into the healthcare sector has allowed us to live longer than ever before.
Each consumer is free, on his or her own, to visit farms and factories and processing plants in order to purchase items directly from producers. But, of course, such visits would be enormously time consuming and would cost quite a lot in airfare and other travel expenses. We know that retailers and other middlemen perform valuable services because we observe consumers, everyday, voluntarily paying for these services.
Paying bone marrow donors is not only economically efficient, it’s also a more ethical means of securing live saving treatment for those in need.
Businesses aren’t charities. They are money-making ventures that exist by and for profit. Everything else is a bonus.
[Alexander Hamilton] was decidedly retrograde in pushing for an exclusive nationwide bank with a sweetheart government deal. He was not a creative policy genius so much as a persuasive second-hand dealer in discredited mercantilist ideas.
Several years ago Uncle Sam declared Jones, a man in his mid-40s, to be uniquely entitled to retire immediately at double his real annual income of $100,000 for life. Jones took Uncle Sam up on this offer. Each and every year until Jones enters oblivion Uncle Sam now transfers to him $200,000. Jones is made […]
Does a ban on signs on the beach infringe on property rights? Edward and DeLanie Goodwin, in partnership with the Pacific Legal Foundation, argue that it does, and have filed a lawsuit with Walden County, Florida. Walden County recently banned all signs on private beach property—this includes “Private Property” and “No Trespassing” signs meant to […]
The relative worth of a dollar is dependent on a range of factors that vary from state to state.
This piece was originally published at the Cato Institute. Tune into Learn Liberty’s Facebook page on Monday at 3pm for a Facebook Live event with professor Steve Hanke on this topic. With the arrival of President Hugo Chávez in 1999, Venezuela embraced Chavismo, a form of Andean socialism. In 2013, Chávez met the Grim Reaper […]