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The Bear’s Lair: How can property rights best be secured?

The death of Antonin Scalia throws the future of the U.S. Supreme Court into flux, while Donald Trump and Bernie Sanders are achieving some electoral success while proudly flouting their contempt for property rights. With year upon year of zero or even negative interest rates worldwide, Maynard Keynes’ “euthanasia of the rentier” seems ever closer. […]

The Bear’s Lair: The downsides of popunomics

Donald Trump currently looks likely to win the Republican Presidential nomination and it appears Bernie Sanders has a decent shot at the Democrat one. The two candidates have unexpectedly strong support from voters who normally do not participate in elections and, although they are nominally from opposite political poles, their economic nostrums have a lot […]

The Bear’s Lair: Slaying or at least winging the regulatory dragon

The COP-21 global climate talks ended this weekend, with a treaty that won’t have much practical effect. Yet regulations to combat “climate change” have already inflicted trillions of dollars of economic damage and there seems no prospect of ending their depredations. In other areas, the regulatory state set up since the 1960s expands steadily, with […]

The Bear’s Lair: In defense of agriculture

  Modern commentators, including Yuval Noah Harari in his interesting book “Sapiens – a brief history of humankind” (Harper, 2015) believe that the coming of agriculture around 10,000 years ago was a disaster for humanity, forcing people to work much harder than the previous hunter-gatherers for a less stable and reliable subsistence. Yet when you […]