Counter Markets

Financial Newsletter for Free Marketeers and Libertarian Entrepreneurs

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5 Ways to Address Millennial Pessimism about Capitalism

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By Doug McCullough and Brooke Medina Polls suggesting that millennials have a favorable view of socialism are well publicized. Less known are polls showing that 90 percent of millennials have a positive view of entrepreneurship, and 58 percent of millennial respondents believe they are more entrepreneurial than previous generations. So far, though, millennials have not been … [Read more...] about 5 Ways to Address Millennial Pessimism about Capitalism

Did You Write Your Bitcoin Obituary In Time?

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By Jeffrey A. Tucker The market capitalization of crypto is 300% higher now than it was two years ago this date. Among the biggest changes from two years ago is Bitcoin (BTC) dominance over the sector, down from 85% (January 2017) to circling around 50% today. This change is mostly traceable to the rise of specialized tokens filling various market needs, something very few … [Read more...] about Did You Write Your Bitcoin Obituary In Time?

Why Cryptocurrency Investors Are Renouncing Their US Citizenship

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By Avi Mizrahi Andrew Henderson is the founder of Nomad Capitalist, a company which helps people from around the world move to different countries while minimizing their tax obligations. In recent years the company has created plans for dozens of people who made their wealth from the cryptocurrency sector, including business owners, traders, investors and consultants. … [Read more...] about Why Cryptocurrency Investors Are Renouncing Their US Citizenship

Here’s a Lesson From the 108,000 Millionaires Who Left Their Home Countries Last Year

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By Simon Black, Sovereign Man According to a recent report from Bloomberg, more than 108,000 millionaires left their home countries last year in search of greener pastures. Most emigrated from countries like China and Russia… no surprise there. India also saw a large outflow of millionaires as tax authorities tightened their grip. And Turkey continues to see an exodus, … [Read more...] about Here’s a Lesson From the 108,000 Millionaires Who Left Their Home Countries Last Year

How Minimum Wage Laws Are Like Poll Taxes

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By Daniel Boudreaux Here’s a letter to Mr. Eddie Ng: Mr. Ng: Thanks for your e-mail. You find my colleague Dick Wagner’s case against the minimum wage “weak.” Without offering a reason for your objection to his argument, you ask why you should “believe that the minimum wage causes unemployment.” I urge you to explore the vast empirical literature on the actual … [Read more...] about How Minimum Wage Laws Are Like Poll Taxes

The Stone Cold Conservative Socialist

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By Jon Rappoport “Is he a meth gooney bird? He seems to be flopping around the stage like a creature who’s lost his wings. He’s talking about VALUES, but it’s clear he’s lost those, too. Something happened to his brain somewhere along the line. Something bad. Maybe it all came from too much preaching. Talking super-simple to simpletons could cause contraction and shrinkage … [Read more...] about The Stone Cold Conservative Socialist

Yes, The System is “Rigged”—The Question Is How

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By Bruce Yandle Once again, some leading capitalists are worried about capitalism’s future, as indeed they should be. Their voices join those of critics from the left who think America’s version of capitalism is rigged. And rigged it is. Recently, JPMorgan Chase CEO James Dimon and large hedge-fund manager Ray Dalio expressed concern about the health of American … [Read more...] about Yes, The System is “Rigged”—The Question Is How

Universal Basic Income Is a Pandora’s Box

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By Paul Boyce The case for a Universal Basic Income (UBI) is a strong one, in some ways. A UBI would stimulate aggregate demand, help those affected by technological change, and create a basic income for the poor. Its effectiveness and impact, however, depend on how much is given out. The benefits and consequences of a $100 UBI will be very different than one of $1,000. … [Read more...] about Universal Basic Income Is a Pandora’s Box

Smart Contracts Are All Around You

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By Michael Munger I hear a lot of people say they don’t understand blockchain technology or that the idea of “smart” contracts doesn’t make much sense. I’ll admit that the technical aspects of blockchain apps can be bewildering, but the fact is that you have been around smart contracts all your life. The difference is that until now smart contracts have mostly been physical … [Read more...] about Smart Contracts Are All Around You

The Presidential Political Circus Has Begun

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By Richard M. Ebeling Like the carnival side shows at the circus, the candidates for the Democratic party nomination — do I even need to name the more than 20 of them? — are all standing in front of their respective campaign tents trying to attract the potential voter onlookers to join them inside, hope for that campaign contribution and support during the primaries so they … [Read more...] about The Presidential Political Circus Has Begun

Occupational Licensing — An Unnecessary Evil

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By Paul Boyce Occupational licensing comes under the guise of protecting the consumer from poor quality service. Professions that require licensing in the US include; nursing, law, dentistry, teaching, accounting, psychology, engineering, and architecture — among many others. This is to ensure that the service received is of a satisfactory standard. Occupational … [Read more...] about Occupational Licensing — An Unnecessary Evil