If you want to get rid of the Republican Establishment, Mr. Reich, you’ve got to outlaw what Ayn Rand called the aristocracy of pull. How? Bring on economic freedom.
Real capitalism, not socialism, will wash the cronies away.
Is the protection of domestic jobs more important than the protection of individual rights?
As Ludwig von Mises explained, an enterprise or activity is either guided by the pursuit of profit or it is not: Make profits by satisfying consumers better than the market supply-side rivals or meet the legislative mandate of the government bureau or agency by following the rules and procedures specified in your job description.
American job losses are not the result of freer trade and an excess of imports over exports, but of government policies that prevent capital accumulation in the United States, among them policies that limit imports.
Democracy is a form of collectivism.
To choose a hero one has to look at people who benefit human life, their integrity, moral character and their commitment to and ideal.
The Federal debt has now crossed the $19 trillion mark. When George W. Bush entered the White House in 2001, Uncle Sam’s debt stood at $5 trillion. When President Bush left office in January of 2009, it had increased to $10 trillion. Now into seven years of Barack Obama’s presidency, the Federal debt has almost doubled again.
According to estimates by the Tax Policy Center, slightly over 45 percent of American households have no federal income tax liability.
Carl Menger is a towering figure, not only for the development of his variation on the “marginalist” theme, but for originating a still unique and distinct and highly relevant approach to economic and social analysis that still rightly bears the name, the “Austrian School.”
