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.
Globalization is the process of bringing the entire world into the system of division of labor and thus into the system of social cooperation, of which division of labor is the essence. Its completion will mark the highest level of division of labor and social cooperation that it is possible for human beings to achieve, given the size of the world’s population.
Is the DOJ finally done playing games with the economy?
Politicians who support tariffs and other forms of government intervention in the economy frequently emphasize reshoring, trade deficits, cheap imports, and national security, but they rarely talk about consumers.
The Industrial Revolution has allowed mankind to improve his environment.
Most successful entrepreneurs become rich, not because of luck or having been handed extraordinary opportunities, but because they have worked productively.
The best policy is the full and uncompromising policy of free trade, regardless of what and how other governments interfere with and try to manipulate the exports of their own country.
The federal government does countless things that increase prices for pharmaceuticals. If Trump wants to reduce drug prices, there are several steps he can take and steps that he should push Congress to take. Price controls are never the answer.
SDRs are simply a mechanism by which to increase global currencies to meet the demands of governments to spend more than they are able to either collect in taxes or borrow from domestic and international creditors. It is a way for governments to continue to live and spend beyond their means.
Globalization is the relatively free movement of people, things, money, and ideas across natural or political borders.
Many people have a dim view of profits; they see them as the result of immoral exploitation by business for selfish gain.
Objectivist Jim Brown opines on DOGE, deregulation, drill baby drill, tariffs, lower taxes, Immigration, a lower dollar exchange rate, lower interest rates, restructuring US Debt, & monetizing US assets, possibly through a sovereign wealth fund.
According to Rand, then, tariffs are destructive because they are a form of physical coercion by the government. They violate the citizens’ freedom to choose with whom to trade and on what terms and thus limit their ability to pursue their lives.
Economically, unilateral free trade remains beneficial even in the face of foreign tariffs.
America’s industrial capacity is today at an all-time high — and not because of tariffs.
Protectionism can’t enrich the country as a whole, only boost certain individuals and industries while impoverishing the rest.
The fundamental reason for appeasing the critics of business is that company executives lack the moral argument for defense. As Ayn Rand argues in ‘The Sanction of The Victims,’ most business leaders have accepted the moral code of altruism.
Decades of ossification, political interference, and financial losses have left USPS in unsustainable position.
If Bitcoin is someday supplanted by another digital asset offering indisputable improvements, its foundational role in seeding and anchoring the cryptocurrency asset class — and in driving trillions of dollars of investment into similar and related assets and enterprises — will remain as significant, if not more so, than its contributions to the present.
California’s minimum wage law for fast-food workers is, like any such law, a price floor; it is a price control on labor.
Despite Walgreens being ranked as one of America’s most trusted brands, with a rich history dating back to 1901, 500 stores are slated to shut their doors in 2025 with more closures to come in the years following.
By the “benevolent nature of capitalism,” I mean the fact that it promotes human life and well-being and does so for everyone.
In reality, America’s industrial capacity – the ability of the American economy to produce value in the form of industrial outputs – is today at an all-time high.
The establishment of gold as money is essential to the achievement of a capitalist society.
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