The Profit Motive as an Agent of Innovation and Progress, Part 1
How the profit motive acts to make production steadily increase in a free market, and becomes an agent of continuous economic progress.
A Noncrisis is a Terrible Thing to Waste
Just as statists use a crisis to advance their agenda, advocates of the free market should use a noncrisis to advance our cause.
Inflation: The Myth of the “Price Level” (2 of 5)
When people talk of a “price level,” they have in mind the image of a level of a liquid which goes up or down according to the increase or decrease in its quantity, but which, like a liquid in a tank, always rises evenly. But with prices, there is no such...The Beautiful Tree by James Tooley
Parents want the best for their children. They realize that one of the keys to escaping poverty is a good education. The best education, they understand, comes from entrepreneurs who offer higher quality to stay in business and prosper. – Max Borders
Manchin and Schumer’s “Inflation Reduction Act of 2022” Green New Deal & Climate Sections
Senator Joe Manchin, in a 180-degree about-face, agreed on a slimmed-down version of President Joe Biden’s Build Back Better bill that will increase corporate taxes; provide tax credits, grants and incentives to politically correct “clean” energy technologies such as wind, solar and electric vehicles; and seek to reduce greenhouse gas emissions, among other Green New Deal and climate initiatives.
Would You Abdicate If You Could Be the Dictator?
“If only I was dictator, I know how to set things right.”
Inflation: An Increase in the Quantity of Money (1 of 5)
If the supply of caviar were as plentiful as the supply of potatoes, the price of caviar–that is, the exchange ratio between caviar and money or caviar and other commodities-would change considerably. In that case, one could obtain caviar at a much smaller...A Case Study in Nuisance
Nuisance is highly contextual. An action that constitutes a nuisance in one context may not be a nuisance in another context.
Capitalism’s Visible Hand: Profit Seeking Benefits Consumers in a Free Market
The real advocates of the consumers—their virtual agents—are businessmen seeking profit, not the leaders of groups trying to restrict the freedom of businessmen to earn profits.
