Investors should be aware of such possibilities and consider whether to hold cash and precious metals prudently outside the banking system. Better to be even months too early than a second too late should we be left facing a bank’s closed doors.
To make selfishness, or self-interest, unpalatable and to promote altruism instead, the majority of philosophers misrepresent self-interest as a package-deal.
Too many Americans believe in the possibility of a free lunch. Politicians exploit that gullibility.
If the government subsidizes or operates newspapers, the important role of independent investigation and criticism of government actions—and the hope for changing the government—is lost.
Keynes helped undermine what had been three of the essential institutional ingredients of a free-market economy: the gold standard, balanced government budgets, and open competitive markets. In their place Keynes’s legacy has given us paper-money inflation, government deficit spending, and more political intervention throughout the market.
American “progressives” portray themselves as “forward-looking,” advocates of a higher and better freedom than the traditional American conception of liberty as freedom from government coercion and control. In fact, they are the intellectual great-grandchildren of the “reactionary” nineteenth century Imperial German “Iron Chancellor,” Otto von Bismarck.
How the left transformed America from an essentially free market into a regulatory entitlement state and discusses how supporters of capitalism can develop an even more persuasive moral narrative of our own.
What is the role of government in society?
Let’s talk about the origins of progressivism.
