One of the reasons businesspeople dismiss moral principles is that they see them as burdensome duties to benefit others by sacrificing one’s own interests.
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Understanding “Austrian” Economics, Part 2
All the rest of Austrian economics follows from these basic insights.
Understanding Austrian Economics, Part 1
what a good has cost to produce cannot directly determine its value, What it will cost to produce determines how much of it will continue to be made
Deposit Insurance Myths: The Glass-Steagall Act and The Federal Deposit Insurance Corporation
That deposit insurance wasn’t the only way to keep a banking system from collapsing was evident enough in 1933 from other countries’ experiences.
No Excuse for Fraud in Minnesota
Combine an incompatible culture with socialist leadership in our government, and fraud is the result.
Silver is re-pricing, and it ain’t over yet
As a longterm “stacker”(saver) I am not selling my silver metal or mining positions. In my estimation the upside-to-downside risk ratio is still very positive.
Capitalism Works For People, If The Government Would Let It
Peter Thiel has it wrong. We don’t have capitalism but a statist mixed economy where statism is, and has been, the cause of the economic struggles of the Millennials.
Josh Hawley and Bernie Sanders’s Credit Card Caps Hurt the Poor
Like most political quick fixes, it is an economic prescription guaranteed to harm the very individuals it claims to protect.
Insights on The Benevolent Nature of Capitalism
By the “benevolent nature of capitalism,” I mean the fact that it promotes human life and well-being and does so for everyone.
End Emergency Tariffs
Trade policy, with all its consequences, belongs within the limits Congress established, not at the discretion of one officeholder.
The Great Gold Reset: Why This Isn’t 1979 All Over Again
Throughout modern history, the story of gold has unfolded in cycles — crises, recoveries, and rediscoveries. But what’s happening now is not just another rally driven by inflation fears or a nostalgic nod to the 1970s. It’s the beginning of a structural reset — one...
Will Trump’s “State Capitalism … a Hybrid Between Socialism and Capitalism” Make America Great Again?
To be clear, Trump is not pursuing traditional socialism, where the means of production are owned by the state. Nor is he trying to copy exactly China’s state capitalism—but he is applying its methods with what the Journal calls “American characteristics.”
“A Gaslit Asset Class”
Even Bitcoin’s mysterious creator, Satoshi Nakamoto, knew of Bitcoin’s shortcomings.
Establishment of Gold as Money (Part 6 of 10)
The establishment of gold as money is essential to the achievement of a capitalist society.
The Freedom of Production and Trade Under Capitalism (Part 3 of 10)
An appropriate vehicle for the establishment of the freedom of production and trade, whether all at once or gradually, would be the establishment of one last regulatory-type agency: the Deregulation Agency.
Ludwig von Mises: Defender of Capitalism
Ludwig Von Mises is important because his teachings are necessary to the preservation of capitalism and thus of civilization.
The Real Meaning of Inflation
The philosopher Ayn Rand once explained that the purpose of a definition is to distinguish a concept from all other concepts by identifying its most fundamental characteristic. That’s what makes the concept unique.
How Labor Unions Can Be Anti-Labor
To anyone who understands the role of the productivity of labor in raising real wages, it should be obvious that the unions’ policy of combating the rise in the productivity of labor renders them in fact a leading enemy of the rise in real wages.
Celebrating Work
Let’s celebrate the important value of work on Labor Day—and demand that our governments stop killing jobs through their taxes, climate action plans and regulations and let people invest, trade, and work freely.
FED is Wrong: Inflation is Not Just About Rising Prices
All eyes on Jackson Hole this week as the Fed tackles inflation.
Profit Over Principle?
Are principles and profits really in conflict?
Books: Henry Hazlitt’s “Economics In One Lesson” Reviewed by The Capitalist Professor, George Reisman
There is no subject that more urgently needs to be understood in the world today than economics. Our well-being, indeed, our very lives, depend on the production of wealth.
The Legacy of The Dodd-Frank Wall Street Reform and Consumer Protection Act
The Dodd-Frank Wall Street Reform and Consumer Protection Act, was based on a mistaken belief that the 2008 crisis stemmed from unregulated financial markets. It spawned hundreds of separate rulemakings and was the most extensive financial regulatory bill since the 1930s.
The Gold Standard and Monetary Freedom
The monetary central planners can never be more successful in determining a “optimal” quantity of money or the “right” interest rates to assure savings-investment coordination than all other socialist planners were when they tried to centrally plan agricultural production or investment output for an entire society.
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