Selfishness guides business to trade value for value with all parties – wages for employees’ productivity, products and services for customers’ payment, payment for suppliers’ products, and so on – by mutual consent, for mutual benefit, with no deception or fraud. This is the only way business can maximize long-term profits – and the reason it should be selfish.
Just as there’s absolutely no reason for you to worry about the trade deficit that you have with your physician or your grocer, there’s absolutely no reason for us Americans to worry about the trade deficit that America has with China.
Labor is not, in itself, a source of value. Labor is expended in the pursuit of value, and the market process’s competing bids and offers convert people’s individual assessments into intelligible data called prices.
Russia and other tyrannies can take hostages whenever they choose to and use them as bargaining chips.
Biden’s claim that he released 1 billion barrels of gasoline to “lower prices at the pump” is his latest attempt to convince Americans he’s trying to lower gasoline prices. But in fact, he’s doing his utmost to raise prices, because this is necessary for his anti-fossil-fuel goals.
O&G mergers are good for America because they increase domestic production, which makes oil cheaper and increases our national security. Government should get out of the way immediately.
Virtually all discussion of health care policy today avoids explicit reference to underlying principles.
The GOP platform calls for new Buy American restrictions, but this is just warmed-over Bidenomics.
Argentina needs a monetary regime whose survival depends as little as possible on domestic politics.
