Walter Block

There’s Nothing Wrong with Non-compete Clauses

What is a non-compete clause (NCC)? It is an agreement, usually between the buyer of a business and a seller…

2 months ago

Rare Diseases May Be Unprofitable to Treat, but That Doesn’t Mean Government Intervention Will Help

What is an orphan drug? It is one that will address a disease that negatively impacts only a few people.…

3 months ago

Profits Are Awesome, and All around Us

Profits have a bad press. Perhaps second to private property (theft, according to Bakunin) profits are the devil incarnate in…

7 months ago

Could the Entire Banking System Come Tumbling Down?

How does one describe our present banking system? It is like an upside-down pyramid, with the tippy top of it…

1 year ago

What the Wall Street Journal Headline about the Economic Implications of ‘Women Rejoining the Workforce’ Gets Wrong—and Right

According to a headline blaring on the front page of one of America’s leading newspapers, “Women Rejoin the Workforce, Adding…

1 year ago

What Mises Understood about Prices and Trade That Socialist Economists Did Not

Socialism is a very popular system. Vermont Senator Bernie Sanders attracts thousands of fellow economic innocents on college campuses, and…

1 year ago

How to Solve the Lobstermen vs Whalers Problem: Water Capitalism

The lobstermen and the whalers are at each other’s throats in Maine. The former need to use strong ropes to…

1 year ago

40,000 Traffic Fatalities a Year Is Not Acceptable. So Why Do We Accept It Year After Year?

US highway authorities are bemoaning the recent increase in highway fatalities. And, well, they should. With an annual death rate…

1 year ago

How Libertarians Should View Harvard’s Racial Discrimination in Admissions

With the Supreme Court’s hearing of the Students for Fair Admission case against Harvard University and the University of North…

1 year ago

Two (Quixotic) Methods Labor Unions Use to Raise Wages

Although the results of the 2022 election are not yet fully in as of this writing, now that the Democratic…

1 year ago

Mergers, Marriage, and Monopoly: What Matrimony Can Teach Us about Corporate Acquisitions

Why does the boy ask the girl to the dance? He does so because he thinks he will be better…

2 years ago

‘Doubles to Dorms’ Isn’t a Scandal, but Prohibiting Bidding on Real Estate Would Be

Let’s start off this discussion with a thought experiment. Roger and John each ask Alice for a date. They both…

2 years ago

What the Worst Economic Predictions in History Can Teach Us about Economics

Economists predict the future course of economic events to show we have a sense of humor. If we could do…

2 years ago

The Home Depot Employee Clash With Management Over BLM Logo Offers a Lesson on Rights and Contracts

Several employees at a Home Depot in Minnesota decided to affix Black Lives Matter labels onto the aprons given to…

2 years ago

These Widespread Shortages Can’t Be Explained by Supply Constraints Alone

All sorts of shortages are now popping up in our economy. At the head of the list is undoubtedly infant…

2 years ago