No trades are deemed as anything but "favorable" by those engaged in the trading, so how can anyone add all those trades up and arrive at something "unfavorable"?
We think of mass surveillance as a product of modern technology. But large-scale spying on Americans got its start in 1917, when the United States entered World War I.
An increased use of robots will cause a dislocation of labor, which will be painful for some in the near term. But if market forces are allowed to function, the dislocation will be temporary and life will improve for everyone.
Distinguished fellow Jeffrey Tucker has written a stirring tribute to FEE. In it, he offers key insights into our place in a burgeoning movement.
Viewing voluntary exchanges as involving equal values leaves people blind to the mutual benefits created by "unequal" exchanges.
Spooner v. Bentham on Natural Rights
Which way do you lean on natural rights? Who do you find yourself agreeing with most often, Spooner or Bentham?