Articles by Ivan Jankovic
Federal grants and transfers are the techniques of choice used by socialist regulators in all federal countries, because in such countries it’s difficult to impose one-size-fits-all national schemes from the top down. Hence, federal spending power greases the wheels of reform by bribing the population and docile politicians and blackmailing and boxing in politicians skeptical of federal meddling.
A common misconception is that the only problem with current money is the central bank, and that once we abolish government control everything is going to be fine. However, a sound-money regime has to provide for the consistent time structure of property rights in money.
In the 19th century liberalism was used to describe the people who believed in liberty, a creed unifying the belief in free markets with the beliefs in freedom of speech and the press.
We should not delude ourselves with notions that our small enclaves of devotees of this or that new technological miracle will make us invulnerable to government coercion. They will not.