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.
MARKETS
Time To Privatize the United States Postal Service
Decades of ossification, political interference, and financial losses have left USPS in unsustainable position.
Bitcoin Bests $100,000
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.
Walgreens, Mass Closures, and the Power of Incentives
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.
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.
Tariffs Don’t Save Industries — Markets Do
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.
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.
U.S. Tariffs Benefit The Politically Connected at The Expense of Honest Americans
The best way to address unfair trade practices is not through blanket tariffs but by expanding trade with allies and non-hostile nations.
The “Joy” of Rationing and Price Controls: Kamala Harris vs. The Price Gougers
There is a lack of public comment and debate about Kamala Harris’s call for price controls on groceries and rents, the most stunning and frightening policy proposal made in my lifetime.
Free Markets, and Not Statist Regulators, Should Decide The Fate of Google
The DOJ’s case against Google is a moot point and waste of taxpayer dollars.
Free Market Fundamentals and NatCon Inconsistencies
Endorsing individuals’ freedom to trade with foreigners is simply of a piece with the more general endorsement of individuals’ freedom to trade with whomever they please, whether fellow citizens or not. The protectionist position, in contrast, invariably relies upon arbitrary distinctions that ensnare protectionists in intellectual and ethical inconsistencies.
What Americans Can Learn From Venezuela’s Crackdown on ‘Price Gougers’
Ten years ago, Venezuela set out on a path to economic ruin and grave shortages of basic consumer goods, because of price controls on groceries and other products. Is the US really going to travel on the same road?
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.
Free Markets Help Workers Flourish
The fundamental principle that we need to recognize to help all workers flourish, ignored by most labor unions and governments alike, is freedom.
The “Next” US Recession
There’s strong and growing evidence that the “next” US recession has begun — or will begin soon.
Antitrust Laws are Unjust and Destructive
As Ayn Rand explains, the antitrust laws are based on confusing two types of power: economic power (sometimes called “market power”) and political power. Only the latter is coercive.
On The Biden Administration’s 100% Tariffs on Electric Vehicles (EVs)
Must the US counteract Beijing’s subsidies with high tariffs?
Trump’s Protectionist Trade Policies Won’t Make America Great Again
More than half of imported goods are intermediate items or inputs used in manufacturing. Because the cost of these inputs will rise with the tariffs, total employment in manufacturing and the entire economy will decline or, at best, grow slower.
Should Business Be Selfish?
Selfishness guides business to trade value for value with all parties – wages for employees’ productivity, products and services for customers’ payment, payment for suppliers’ products, and so on – by mutual consent, for mutual benefit, with no deception or fraud. This is the only way business can maximize long-term profits – and the reason it should be selfish.
America’s “Trade Deficit” With China
Just as there’s absolutely no reason for you to worry about the trade deficit that you have with your physician or your grocer, there’s absolutely no reason for us Americans to worry about the trade deficit that America has with China.
Confusing Effort with Achievement: On The Labor Theory of Economic Value
Labor is not, in itself, a source of value. Labor is expended in the pursuit of value, and the market process’s competing bids and offers convert people’s individual assessments into intelligible data called prices.
GOP Trade Platform Would Penalize Forgotten Americans
The GOP platform calls for new Buy American restrictions, but this is just warmed-over Bidenomics.
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