The “knowledge of the world” is dispersed and divided up in the minds of all the members of society, with each knowing and understanding only a small part relative to all the knowledge that exists in everybody’s minds, combined.
Land prices skyrocket when the supply of land is artificially and drastically reduced, which means that housing prices become astronomical.
Bipartisan deals — so beloved by media pundits — have produced some of the great disasters in American history.
Republican voters’ turning to Trump is a sign of desperation and a telling indictment of what the Republican establishment has been doing for years.
Instead of debating a free market for medicine versus socialism, we’re reduced to watching Hillary Clinton and Bernie Sanders fight over Obamacare versus socialism.
Politicians can’t see the wonders that the market provides, but they somehow see everything government does as a blessing — taxes that cut into people’s pay and regulations that make it more expensive to produce. They don’t see that their well-intended “pro-consumer” rules raise prices and reduce choice.
When it’s for the sake of The Nation, capitalism and free markets are out the window.
A central tool for governments to maintain their authority in society and their control over people’s lives is the ability to make the citizenry accept and use their monopoly medium of exchange.
CAPITALISM REVIEW