money

“Crypto Currencies” Panacea or Ponzi Scheme–or Neither? by Jim Brown, Lars Christensen, Carter Laren, Lawrence White

Bitcoin. Ethereum. Litecoin. Ripple. These and other digital currencies have fired the imagination of free-market advocates. Can crypto currencies replace fiat currencies? Can they compete with gold? What’s the future of the blockchain technology on which these inventions are built? Our panel of experts: Jim Brown, Lars Christensen, Carter Laren and Lawrence White have different points of view, and they will discuss the future — and the failings — of these fascinating innovations.

Recorded live at OCON 2018 on July 1, 2018.

Calls to “Abolish Billionaires” Are a Moral Travesty by Keith Lockitch

There’s a new campaign slogan among Democratic politicians: “Abolish Billionaires.” Nobody can honestly deserve a billion dollars, they claim, so they want to impose radical new taxes on the super-wealthy. Indeed, people are arguing that the very existence of billionaires is some kind of moral outrage.

Wealthy people are being blamed today for all the world’s problems. Yet all of those problems are actually the result of the very ideas being preached by the same leaders and intellectuals who want to “abolish” the billionaires.

But instead of vilifying and hating billionaires, we should be thanking them for improving all of our lives on a massive scale with the products they offer for voluntary trade on a free market.

As Ayn Rand argued in her novel Atlas Shrugged, if anyone deserves thanks on Thanksgiving, it’s those productive Atlases who carry the whole world on their shoulders.

Join Keith Lockitch as he argues that the real moral travesty is the campaign to abolish billionaires.