The Affluent Society: John Kenneth Galbraith’s Neo-Feudalism
One must wonder if what Galbraith is really advocating is not simply state power as an end in itself and individual deprivation both as an end in itself and as a means of demonstrating the power of the state.
Random Thoughts: May 2006
Random thoughts on the passing scene: Some people think they have bad luck when the real problem is that they took bad chances. Parents who are both conscientious and realistic discover sooner or later that they cannot do the job to their own complete satisfaction,...Gas Prices and Bush’s “Appeasenomics”
At even $3.50 a gallon, gas is no more expensive now than in the 1950s, when it was in the range of 20 to 30 cents a gallon. Not if you use the Binswanger deflator of 15-fold to 20-fold. Nonetheless, we would expect gas to be considerably cheaper, like almost every...The Moral Lesson of Hiroshima
On August 6, 1945 the American Air Force incinerated Hiroshima, Japan with an atomic bomb. On August 9 Nagasaki was obliterated. The fireballs killed some 175,000 people. They followed months of horror, when American airplanes firebombed civilians and reduced cities...Oily Politicians II: Politicians Play on Consumer Ignorance of Economics
One of the beauties of an economy coordinated by price movements is that nobody has to understand it in order for it to work. If vast new iron ore deposits are discovered tomorrow in Timbuktu, 99 percent of the people on this planet may be wholly unaware of it —...Oily Politicians I: Oil Prices Rise as Oil Drilling is Restricted By Politicians
If there is anything worse than partisan demagoguery, it is bipartisan demagoguery. Republican leaders have now joined the Democrats in blaming the oil companies for the fact that prices rise when demand expands more than supply. Prices have been rising under these...The Real Friends and Enemies of Wage Earners: An Intellectual Challenge to the Left
Labor unions do not even know how to raise real wages. All they are concerned with is raising the money wages and protecting the jobs of the members of their particular union.
Minimum Wage, Maximum Folly
About a fortnight ago, Mrs. Williams alerted me to an episode of Oprah Winfrey’s show titled “Inside the Lives of People Living on Minimum Wage.” After a few minutes of watching, I turned it off, not because of the heartrending tales but because most...
CAPITALISM REVIEW
- Minnesota ICE Resistance: Creating a powder keg of citizen vs. federal law enforcement
- Shooting of Renee Good: Irresponsible to Immediately Proclaim This a Murder
- America Last: Fuentes’s Prime Supporters are Foreign Bots That Boost His Influence
- America is Not Fundamentally a Christian Nation
- “Warm Collectivism” vs. “Frigid” Individualism
- CNN Scott Jennings on the “epidemic of political vigilantism”
- The Complete Guide to Socialism vs Capitalism (Myths Explained)
- Yaron Brook on the Arrest of Collectivist Dictator Maduro
- No Free Market: Government Intevention in American Medicine
- Bezos: Washington Post Will Change Course To Defend Free-Markets
- Justin Amash on Birthright Citizenship: Only an Article V Amendment Can Change It
- Second January 6, 2021 Report