This is not a story about a blameless victim. This is a story about ideology so divorced from reality that it sends people into dangerous confrontations apparently unprepared for obvious consequences.
Capitalism is a system of individualism that recognizes individual rights, and socialism is the system of collectivism, a doctrine that man has no right to live for his own sake, that the fruits of his labor belong to society, that he must serve society and the “collective good.”
All the rest of Austrian economics follows from these basic insights.
what a good has cost to produce cannot directly determine its value, What it will cost to produce determines how much of it will continue to be made
That deposit insurance wasn’t the only way to keep a banking system from collapsing was evident enough in 1933 from other countries’ experiences.
The Congressional Budget Office found that Trump’s 2018 rule made comprehensive coverage available at premiums 60 percent below those of the cheapest Obamacare plans.
The capture of former Venezuelan President Maduro was a tactical success that has laid the foundation for cutting off China and Cuba from Venezuelan oil, while also limiting the growing regional influence that China, Russia, Iran, and other adversarial nations have enjoyed in the Western hemisphere.
Hamilton did not as treasury secretary implement, or espouse, any system of protective tariffs or bounties.
Why Nazi Germany was a socialist state, not a capitalist one, and why socialism – an economic system based on government ownership of the means of production – requires a totalitarian dictatorship.
