Who the Heck Consumes His Capital?!
To make people eat their seed corn, we need to add the essential element: a perverse incentive. Let’s look at monetary policy in this light.
Police Shootings
Laws without law enforcement are just suggestions.
Thomas Sowell’s Random Thoughts for August 2015
Random thoughts on the passing scene.
Entrepreneurs: Breaking the Bureaucracy of Rules
FedEx turned out to be much better than the U.S. Postal Service, teens ignore Hollywood and become rich and famous on YouTube, people skip hotels and find rooms via Airbnb and so on. Who knows what discoveries await if we don’t let tired old rules get in the way?
John Stuart Mill: Setting Liberals on the Road to Socialism
One of the great voices for personal liberty was that of the British economist and political philosopher, John Stuart Mill. His essay, “On Liberty,” though penned well over 150 years ago, is a classic statement that the individual should be respected in his right of...The Economy is in Liquidation Mode
Imagine running a rink company at the end of the roller skating craze. You know it is not going to survive for long. How do you operate your business? You milk it. Well, that’s now happening across the entire economy.
A Debatable ‘Debate’
After more than six years of Barack Obama in the White House, have we learned nothing about the dangers of choosing a President of the United States on the basis of sound bites, with no track record to check against his rhetoric?
Immigration Is Great: A Big Win for America
It would be good if all immigrants came here legally. But America makes that difficult.
The FBI’s “Investigation” of Hillary Clinton
Clinton is a professional manipulator and deceiver, and many people applaud and admire her for it. Why do so many of us act surprised when she’s accused of criminal wrongdoing, since it’s merely an extension of what her whole career and life have been about?
