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.
MARKETS
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.
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.”
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.
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.
Free-Markets and Globalization: The Long-Run Big Picture
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.
A Course-Correction on Antitrust
Is the DOJ finally done playing games with the economy?
Tariff Advocates Rarely Talk About How Tariffs Punish Consumers
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.
Progress In a Free Economy
The Industrial Revolution has allowed mankind to improve his environment.
Attack on the Space Titans: Musk, Bezos, and The Ethics of Economic Power
Most successful entrepreneurs become rich, not because of luck or having been handed extraordinary opportunities, but because they have worked productively.
President Donald Trump’s Trade Fallacies
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.
High Prices of Prescription Drugs? Price Controls are Not the Answer
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.
IMF SDRs and The Illusion of Inflationary Prosperity
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.
The Moral Case for Globalization
Globalization is the relatively free movement of people, things, money, and ideas across natural or political borders.
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