HOT TOPICS: Ayn Rand | Iran | ICE | Renee Good | Heritage American | Wealth Tax | Mamdani | Jimmy Lai
In a free market, within the limit of his abilities, each person chooses that job which he believes offers him the best combination of money and nonmonetary considerations. In so doing, he simultaneously acts for his own maximum well-being and for that of the consumers who buy the ultimate products his labor helps to produce.
The oil shortage was “manufactured” by the government, through price controls, not by the oil companies and their perfectly natural and praiseworthy desire to earn profits.
Although Vietnam calls itself a socialist country, the way people here think is more in tune with capitalism than is the case in Europe.
Today, government gorges on trillions of dollars of tax money every year, and still has to borrow a trillion dollars a year on top of all that, which has created a huge national debt.
“No, Sarah, Our Prosperity Wasn’t Extracted from Slaves”
The better approach to disasters relies on private initiative, markets, and insurance instead of ineffective government bureaucracies and bloated budgets. Every aspect of disaster relief can be privatized, or rather re-privatized, and should be, if policymakers want to save lives and money.
Biden is continuing with his anti-oil and gas policies that he began on his first day in office.
Gasoline prices in California are at record highs and more than $2.50 a gallon higher than the national average.
The Biden administration is worried that OPEC+’s action will be a detriment to Democrats during the mid-term election and is likely to counter with more SPR releases, putting the United States in severe jeopardy of a national emergency with the Strategic Petroleum Reserve so decimated.
