MARKETS
Marx and His Exploitation Theory
As the economic degree of capitalism rises, not only do profit margins and the rate of profit fall, but wage payments come into being and then rise both absolutely and relative to profits.
Economics for the Citizen (Part 2)
Economic theory can’t answer normative questions.
Economics for the Citizen (Part 1)
The first lesson in economic theory is that we live in a world of scarcity.
Good and Bad Economics
Here are a couple of newspaper headlines following Florida's bout with hurricane disasters: "Storms create lucrative times," St. Petersburg Times (Sept. 30, 2004), and "Economic growth from hurricanes could outweigh costs," USA Today (Sept. 27, 2004). The writers,...
LAW
The Right to Self-Defense is Deeper than Gun Control
So many of the issues of our time — or perhaps any time — hinge on whether one considers the full context, or only one element of it.
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CULTURE
Still Haunting The World: Karl Marx and Marxism 200 Years Later
A specter continues to haunt the world, the specter of Karl Marx. Two hundred years ago, on May 5, 1818, the father of twentieth century totalitarian communism, the guidebook writer of revolutionary mass-murdering dictatorship, and the inspirer of disastrous socialist central planning was born in Trier, Germany.
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WORLD
Israel’s Fence and the Return to the Barbaric Past
Israel's proposed border fence, a necessary physical separation between a lawful nation and its homicidal neighbors, is a powerful symbol of the political gulf separating the West from the Arab world. When Israel was founded, its inhabitants established the only...
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SCI-TECH
Value Created by First Martian Explorer
In my article "Mars: Who Should Own It," I stated: Whoever implements the concept of getting to Mars and living there turns a virtually worthless ball of rock into something of substantial value. Let's check my premises. First: Will Mars, after a successful mission,...
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POLITICS
Capitalism’s Enemies Use COVID-19 Crisis as an Excuse for a Wealth Tax
Leftist politicians who want to get into our pocketbooks are beginning to argue that the COVID-19 pandemic is the best argument for a wealth tax.
Unlimited Government vs. Capitalism
In her essay, “The Anatomy of Compromise,” Ayn Rand wrote: “When opposite basic principles are clearly and openly defined, it works to the advantage of the rational side; when they are not clearly defined, but are hidden or evaded, it works to the advantage of the...
How Medical Licensing Laws Harm Patients and Trap Doctors
Government licensing of doctors is both morally and economically wrong.
It’s Twilight in America
It’s not twilight in America because Obama won. Obama won because it was, sadly, already twilight in America.