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In the middle of July 2018, President Donald Trump said in an interview that he was “not happy” with the Federal Reserve nudging up interest rates and threatening economic growth in the United States. At the recent Jackson Hole, Wyoming, meeting of global central bank...
The fact is, while the U.S. and the major European countries have emphasized the idea and benefits from free trade, all of these governments impose various types of tariff and other barriers to shelter selected sectors of their respective economies.
What is the fundamental issue is: monetary central planning – with its embarrassingly awful one hundred year track record with paper monies – or getting government’s direct or indirect hand off the handle of the monetary printing press.
What our world needs today is to transcend the collectivisms of the present, whether under more extreme authoritarian regimes or the seemingly milder spiders’ web of controls and commands of the interventionist-welfare state under existing democratic systems of government.
The world may be on the brink of a series of trade wars between the United States and both the European Union and China. All the parties say they don’t want this — though President has asserted that trade wars are not a problem and easy to win. That remains to be...
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.
The “untouchable” entitlement programs at the heart of the current debt crisis are the outgrowths of the redistributive programs introduced by or greatly expanded during the presidency of Lyndon Johnson.
But behind all of these negative and usually unintended consequences arising from the imposing of a government-enforced hourly minimum wage remains the fundamental ethical issue: who shall have the right to decide under what terms and conditions people enter into gainful employment?
The illogical trade policies of President Trump not only threaten to make Americans poorer, but could start a global trade war that could lead to decreasing standards of living for hundreds of millions of people around the globe.
The competitive market economy is a powerful institutional mechanism for bringing human ingenuity, energy and creativity to bear to improve both the material and cultural circumstances of multitudes of people around the world. Wherever relatively free market...
The Crisis is Not Debt Default, But Too Much Government Spending
Would it really matter if most, or even all, of federal employees who are sent home stayed home permanently?
How life is lived when a people have not been touched by the ideas of the Enlightenment and a philosophy of freedom.
Barack Obama’s paternalism or Donald Trump’s nationalism?
What a real advocate of Capitalism might say if he was offering himself for political office.
According to the critics of capitalism, competition is a cruel process feeding unnecessary wants, that evolves into anti-competitive monopolies acting contrary to the “public interest.”
Harmful monopolies are always created by government.
Those who speak about being on the “right side of history” have, knowingly or not, adopted a central element in Karl Marx’s analysis of capitalism
One of the most common phrases to be heard from those on “the left” is the assertion that someone or some public policy is or is not on “the right side of history.”
The free enterprise, or capitalist, system has done more to improve the material condition of humanity than any other economic arrangement of human cooperation in all of recorded history.
“Capitalism is an economic system based on the principle of every individual’s right to his own life, his own liberty and his own honestly acquired property. This private property includes his own mind and body, and the physical products that his mental and physical efforts have produced.”
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