Category: Current events

Student Loan Bubble & Moral Hazard

The insurance industry is unique in that its product tends to incentivize the very behavior people seek to protect themselves from. This is called “moral hazard.” For example, all things being equal, someone with collision insurance will tend to drive more recklessly than someone with no coverage. Someone with flood insurance will deliberately build their […]

June 25 / 2014
Author Greg Morin
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Middle Eastern Chess – Check!

So let me see if I have this straight. Even though there was zero evidence that Iraq was involved in the attacks of September 11, 2001 or that Al-Qaida had any operational presence in Iraq, the US invaded Iraq anyway. This resulted in nearly half a million dead Iraqi’s, close to a million Iraqi orphans […]

June 17 / 2014

Health of the State

The War on Drugs is perhaps the most unjust “war” ever waged. It is not, as in conventional warfare, a conflict between states, but rather a conflict of a parasite (the state) against its host (the people). Just as cancer grows by attacking its host, so too does state power expand as it attacks its […]

Not Neutrality

“Net neutrality” certainly sounds appealing, doesn’t it? Who could possibly be against “neutrality” given its ability to evoke an emotional tie to equality, fairness, impartiality and egalitarianism? Only someone who is sufficiently ethically consistent that they will aver the use of aggression in all situations, rather than merely when popular opinion provides a safe harbor […]

May 19 / 2014
Author Greg Morin
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Farming Fascism

The inherently self-contradictory justification for the state is that it reserves to itself the right to engage in those actions that its very existence is predicated on proscribing. The state is a paradoxical philosopher’s stone; believed by the masses to create only good, it in fact transmutes all that it touches into its polar opposite. […]

Unicorns Attack Free TV

Ever heard of a company called Aereo? Yeah, didn’t think so. Up until last week I had never heard of it either, but this little company may be forging the way toward increased competition, lower prices, and more consumer choice in the oligopolistic televised media industry. That is assuming of course the nine kings and queens […]

April 28 / 2014
Author Greg Morin
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Speech, Money and Means

Elections, campaigning, voting; these are all creatures of the state. To the extent the state itself is illegitimate, it is wasted effort to debate the legitimacy of internal rules of an illegitimate entity (a bit like arguing over the moral distinction between thieves that pick locks vs those that break down doors). So discussions concerning […]

Who is the customer?

Outsourcing, public-private partnership – this is the Trojan horse of the political entrepreneur that will fool the political class every time into believing salvation from inefficient government lies within. For those familiar with how markets are actually supposed to function, the irony is clear: only harm shall spring forth. One of the more insidious “partnerships” […]

Debate Over?

Proponents of AGW (Anthropogenic Global Warming aka human caused climate change) are getting a bit nervous. A number of recent polls suggest they are beginning to lose the battle for the hearts and minds of the public. Granted, still about half of Americans believe in AGW, but that number is declining. So how do the […]

April 07 / 2014
Author Greg Morin
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Vaccines: How Quickly We Forget

There is an all too common form of argumentation today. I call it argumentum ad forgetum. In this argument the proponent has lost site of all perspective on the origins of benefits gifted to them. They have forgotten the path others employed to bring them where they now stand. And so ignoring the path’s utility, […]

March 31 / 2014
Author Greg Morin
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