
Otto Warmbier, at trial
Why does everything need to be banned? Whenever there is a problem, however big or small, the immediate thought is to ban it. Even libertarians joke about how X or Y activity or thing should be banned. With the recent death of Otto Warmbier, an American who was kidnapped and thrown in a cage for a 15 year term starting last year in North Korea, there is growing talk of the US government restricting travel to North Korea. Is there such a pressing number of Americans going over there that the government needs to spend time stopping people from putting themselves in harms way? The results of travel to North Korea seem to speak for themselves. While its only been a few people, the proportion of tourists being kidnapped in North Korea seems to be the highest in the world. The only places more dangerous might be Afghanistan or Daesh Islamic State.
With more and more activists pushing for a $15 minimum wage, and more and more states heading in that direction, research is being done to prove or disprove whether higher minimum wages have negative effects. Of course, research is not supposed to be done to prove either way; its supposed to see what the effects are, not focus on good or bad. In any case, studies have been conflicted for years, which has given both sides ammunition, and new research out of Seattle, which recently began raising its minimum wage to $15 has just added to this. One study shows 


In 1929, our intellectual forefather Ludwig von Mises penned a lengthy tome about how socialism does not work. Not only does it not work in practice, he noted, it does not even work in theory, as some people say. The fundamental premise of his argument is that socialism cannot allocate resources effectively. Only the price system of the market (capitalism) can do that. No one person or committee of persons can appropriate resources for millions of people. In fact, even within a family unit, there is a good bit of friction when making such decisions. Scaling that up any further causes problems. The only thing that really can be done is provide a very basic distribution, but even that quickly becomes a logistical nightmare when scaled up too high.
The infamous physicist, who has been nearly fully paralyzed for decades, suffers from a degenerative disease called amyotrophic lateral sclerosis, also known as Lou Gehrigs disease. After diagnosis, life expectancy is a few years. About 10% live past ten years. So, how is it possible that Hawking has survived for decades, especially in a country that has a socialist rationed healthcare system that usually just manages terminally ill patients until they die. There is no point wasting money on them from the bureaucrats point of view. Indeed, Hawking was offered a nursing home in the 1980s, but his wife would not allow it. Unless he is an animatronic robot, or extremely lucky, he would have had to use capitalism to survive this long, which would be ironic, given his socialist predilections and defense of the horrid NHS.
It must be tough to be a French libertarian, if there even are any. Ive never met one, but maybe they exist. I like to say that French politics consists of ten socialists parties, a globalist party, and a nationalist party. The country itself is a mix of deep socialism and traditonalism. So deeply tangled up in regulations and taxes that several books could be written about, its a wonder they even have an economy. What ever happened to the land that gave us the great Frederic Bastiat?
May the Forced blog post be with you: Its Star Wars day! Sean Malone at the Foundation for Economic Education