Supreme Court upholds Obamacare. Recommended analysis on its short & long-term effects.

Today, Americans who Love Freedom lost a battle against the Welfare State.  In a historical decision, the Supreme Court decided to support Obamacare and to extend the devastating track of health care regulations in The United States of America.

The effects of Obamacare will represent higher costs, less competition, less innovation, more bureacracy, and decreased quality.  and in the long run, the result will be the complete destruction of American health care, as the system’s problems are inevitably blamed on our ‘private’ health care system and a fully socialized ‘single payer’ medicine is offered up as the only cure as explained, Yaron Brook, the Director of the Ayn Rand Center.

To learn how today’s decision will impact your life in the short and long term, I invite you to read the following articles that were collected by the Classical Liberal network Kosmos with the opinions of some the most important Libertarian and Classical Liberals:

While Freedom lost a battle today; the fight for a limited government that protects individual rights, including the right to private property, will continue and we will not stop.

Live-streaming of The Atlas Summit Available for June 28-July 1, 2012!

Register for Live-streaming! I am very happy to inform you that The Atlas Summit that is going to be held in the following days in Washington, D.C. is going to be available for Live-streaming.Here is a link to the Speaker Bios and information on the topic of their talks.

I am very exciting about this event since I will be talking this time on the History of Capitalism in two sessions.  I will be more than happy if you can join and send any questions during the Q&A Sessions: The History of Capitalism 1 and The History of Capitalism 2

If you can’t be in D.C. for the Atlas Summit you can still view all of the presentations by purchasing a live-streaming ticket. You will even be able of submitting questions for the Q&A sessions.Cost: $99 for entire conference.Students: $19 for entire conference. Sign up now!


Afghanistan during the 50s vs Today

A friend in Facebook posted yesterday an interesting link that read Afghanistan of the 50s-60s”. The description of the website read that “having seen the title of the post, many probably thought that it would be about a wild, backward, medieval country with even worse living conditions…”  However, the photographs in the link failed to “demonstrated” that Afghanistan pre-1950s was some type of a paradise before the Socialist invasion.

While the images show a “decent and civilized” view of Afghanistan in the 50s and 60s they are only a glimpse of the reality of the Asiatic region and of many other European colonies around the globe.  It is a fact that the great majority of the people during colonial times lived in worse conditions than during the Cold War.

As a result of centuries of this mix, Afghanistan was one of the poorest and most illiterate countries in the globe by 1950.  The life expectancy for both men and women was of only 29 years and the average GDP/per capita inflation adjusted was of only $800.00.

By 1970, Afghanistan was still one of the poorest countries managing to increase the life expectancy to only 33 years and the average GDP/per capita to $833.00  Today, Afghanistan has some of the lowest rankings of health, education and economic growth on Earth even after decades of investments done in infrastructure by the Soviet Union during the Cold War’s competition vs the United States.

Soviet investment during the 50s in Afghanistan

 What caused this economic and social stagnation vs the rest of the World?

Afghanistan is a complex historical mix of:

  • Centuries of imperialistic control (Mongol, Mughal, British, Soviet, American) +
  • autocratic tribalism +
  • religious intolerance  +
  • control of the economy by the state +
  • regional oligarchies +
  • disrespect for individual rights

The previous only kept increasing and by 1973, Afghanistan was what some would define a modern democratic state with free elections, parliamentary ruling, civil rights, women’s rights and universal suffrage that failed to improve the life of its inhabitants.  Becoming a democratic state with a parliamentary ruling is of no help when the ruling philosophy of a country and of its ruling elite is based on the principle of freedom to violate individual rights.

The past was not necessarily better than the more recent past or the present. Afghanistan is a good example of this last sentence. Whenever  individual rights are sacrificed for the interests of national of foreign groups of interests the positive outcomes will always result in detriment of the individual.  It has always been groups of interests who benefit from the illiterate masses and historical examples explain this plentifully.

The images in the link mentioned above are inaccurate historical accounts. I consider that the following cartoon is very clear in explaining the complex and unfortunate story of the country and I invite you to study it,

New book!!! Living Economics by Peter J. Boettke

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Living Economics:
Yesterday, Today, and Tomorrow
By Peter J. Boettke

The passion of the teacher is often the inspiration for the student. In Living Economics: Yesterday, Today, and Tomorrow, Peter J. Boettke illuminates how economics affects all walks of life, whether in the marketplace, voting booth, church, family, or any human activity. Boettke believes that economics is not merely a game to be played by clever professionals, but a discipline that touches on the most pressing practical issues at any historical juncture. The wealth and poverty of nations are at stake; the length and quality of life turns on the economic conditions individuals find themselves living with.Economics provides a powerful framework for understanding what goes on in the marketplace, the voting booth, the family, the community, and every other sphere of social activity; indeed, the application (or misapplication) of its principles shapes the fate of nations. So teaching and learning economics are high stakes ventures. Living Economics introduces us to major thinkers: from Smith, Say, and Bastiat of the Classical School, to Neoclassical and Austrian scholars (Menger, Mises, Hayek, Kirzner, and Rothbard) on to New Institutional economists (Alchian, Coase, Demsetz, North, Ostrom and Williamson) and Public Choice theorists (Buchanan, Tullock, and others). This engaging and reasoned book is a must-read for economists, students, and everyone else who wishes to better understand economics.
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Praise for Living Economics:

Living Economics is a superb book. . . . It is vintage Boettke: engaging, witty, and chock full of insight. This book should be put in the hands of every first-year student of economics!”
Bruce Caldwell, Research Professor of Economics and Director, Center for the History of Political Economy, Duke University

“Boettke’s extraordinary intellectual generosity and unmatched intellectual enthusiasm [are] rare qualities which have enabled him to discover nuggets of valuable theoretical insight in the work of a wide array of economists, many of whom are generally thought to be far away from the Austrian tradition which Boettke himself splendidly represents.”
Israel M. Kirzner, Professor Emeritus of Economics, New York University

Living Economics is a solid book that counters the excessive simulations of modern academic economics while, at the same time, avoiding the temptation to extend application of the logic beyond reasonable limits.”
James M. Buchanan, Jr., Nobel Laureate in Economic Sciences, Advisory General Director of the Center for Study of Public Choice, and Distinguished Professor Emeritus of Economics, George Mason University

“Boettke’s passion for economics and the clarity of his vision make Living Economics a pleasure to read. No reader will fail to benefit from his broad and deep insights.”
Steven E. Landsburg, Professor of Economics, University of Rochester; author, The Armchair Economist

Living Economics is inspired by Boettke’s students and great teachers, such as Boulding and Kirzner, and the central theme that economics has strayed dangerously from a ‘mainline’ emphasis on process and rules, as opposed to outcomes. The mainline sinew is rooted in Adam Smith’s The Theory of Moral Sentiments extending to Hayek, Ostrom and other moderns whom Boettke examines with deep understanding of their relevance for our time.”
Vernon L. Smith, Nobel Laureate in Economic Sciences; George L. Argyros Endowed Chair in Finance and Economics, Chapman University School of Law

“Loaded with content well worth reading and carefully arrayed gems from the history of thought. . . . But be careful as you read, Boettke’s love affair with economics is contagious. You will find yourself cheering for more.”
Bruce Yandle, Professor of Economics Emeritus, Clemson University

“Boettke’s deep scholarship, serious reflections and passion for economics come through on every page.”
Steve H. Hanke, Professor of Applied Economics, Johns Hopkins University

Living Economics is a spirited, passionate, and exciting tour of free-market economics. I enjoyed every page!”
Andrei Shleifer, Professor of Economics, Harvard University; Faculty Research Fellow, National Bureau of Economic Research

Book Review: Free Will

Free Will

Harris explores the notion that free will is an illusion in this nimble book (which, at 83 pages, can be read in one sitting or a couple of Metro rides), amiably and conversationally jumping from point to point. The book’s length is one of its charms: He never belabors any one topic or idea, sticking around exactly as long as he needs to in order to lay out his argument (and tackle the rebuttals that it will inevitably provoke) and not a page longer. Go to article

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