no third solution

Blogging about liberty, anarchy, economics and politics

A Profitable Company With a Liquidity Problem

David Z | May 30, 2008

Detroit’s Greektown Casino is in bankruptcy proceedings! (permalink PDF) Huh? Of course, the Casino management argues that they’re not really bankrupt, they just can’t pay the bills. I wonder if I could get away with that argument?
Casinos have license from the State, which grants them (for all intents and purposes) a [...]

Innocent Until…?

David Z | May 30, 2008

Until proven guilty, right?
Unless the State withholds exculpatory evidence and convicts you anyways. And then maybe 26 years of three-hots-and-a-cot later, you might be exonerated.
As long as the justice system incentivizes convictions, in lieu of incentivizing the protection of innocents, there will be people like Walter Swift, who suffer unjustly (permalink PDF):
After an [...]

Safety Belt Paternalism

David Z | May 22, 2008

The annual safety belt enforcement blitz is under way, in Michigan. A Public Announcement commercial advises that “Right now, it’s the one thing [cops] are looking for.”
Having eradicated all other crime, of course.
Still, some drivers Tuesday were unaware they were driving through an enforcement zone.
…ummm, shouldn’t all areas be “enforcement zones”? Just [...]

Discrimination Writ Large: Hamtramck Evictions

David Z | May 22, 2008

People are soooo unimaginative when it comes to arguments in favor of governments; the common protests usually include a laundry-list of potentialities, of which most governments are already guilty! The wealthy, for instance, might rise as a ruling class and buy most of the usable land, thus causing the dispossessed to live in a [...]