Salvation is a non-scarce good

Jeffrey Tucker at the Mises Institute is becoming one of my favorite writers. Although I would have picked a different title for his latest book, "Bourbon For Breakfast", this is an interesting article that touches on the intersection of faith and economics. And since salvation is a non-scarce good, there is no need to economize - it is an eternal wealth that you can spread around without taking it from another.

Redevelopment Destroys the Market

Economist Thomas Sowell suggests, "In reality, what redevelopment does is transfer wealth from one place to another place, with no net addition to the wealth of the country as a whole."

Additionally, even if executed perfectly, redevelopment is a net loss to the country since it involves both a middle man (bureaucrats) and aggression (via taxation or eminent domain).

There's No Such Thing as Homemade Ice Cream

Jeffrey Tucker has a keen knack for pointing out the beauty and incredible complexity of capitalism. The idea of a "sustainable lifestyle" would lead to an 18th century standard of living.