The Inventive Period of Capitalism in America

The so-called “Gilded Age” of “Robber Barrons” is better named as the Inventive Period of Capitalism.

The First Amendment Protects Ideologically Based Ad Boycotts

The Supreme Court will uphold as well-established the First Amendment right to engage in ideological ad boycotts. The question is whether the Trump administration will succeed in bulldozing this as a practical matter before it reaches the high court. 

Free-Markets and Globalization: The Long-Run Big Picture

Globalization is the process of bringing the entire world into the system of division of labor and thus into the system of social cooperation, of which division of labor is the essence. Its completion will mark the highest level of division of labor and social cooperation that it is possible for human beings to achieve, given the size of the world’s population.

The Meta-FTC Trial — A Waste of Time

“Why can’t you think about it that Mark Zuckerberg is really smart” and that he saw the value where others didn’t?

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CULTURE

SCI-TECH

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LAW

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WORLD

Pro-Israel Palestinians

For all their rhetoric about Israel's "vicious" and "brutal" occupation, Palestinian Arabs -- including their leaders -- sometimes let down their guard and acknowledge how they prefer Israel to the Palestinian Authority. Here are some recurring themes: Restraints on...

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MARKETS

Gold is the True Reserve Currency

The reliance upon the U.S. dollar as the world's reserve currency and "safe haven" asset has created a perverse, but deeply entrenched, mindset among global investors. In fact, many believe the major financial players have no alternatives to owning U.S. debt and...

Gold Faces Short-Term Price Trap

Although I believe gold still faces a very rosy future, an agreement in Washington that avoids default and growing concerns of a global economic slowdown could create significant near-term headwinds for gold investors. While the dysfunction of the US government is on...

POLITICS

Budget Baloney

When politicians “create” jobs, they take money from the private sector, the only group that creates real jobs?

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