If we want to build economies back for continual growth and prosperity, we need the government to unchain businesses and set them free to produce again.
MARKETS
Intellectual freedom cannot exist without political freedom; political freedom cannot exist without economic freedom; a free mind and a free market are corollaries. – AYN RAND
A Tragic Half Century Without Gold Money
The gold standard wasn’t suspended because it caused the Great Depression or bank failures, nor did it disappear in 1971 because it “didn’t work.” It’s been gone because fiscal alchemists couldn’t expand the gold supply as they expanded government.
Business Execs Can’t Maximize Profits and Bash Capitalism
Business leaders and owners who think they can create profits regardless of the social system are evading facts. Profit maximization cannot be sustained in socialism or any other freedom-killing statist system toward which America seems headed today.
Production Versus Consumption
Man’s nature makes him need wealth; his simplest perceptions make him desire it; the problem, they held, is to produce it. Economic theory, therefore, could take for granted the desire to consume, and focus on the ways and means by which production might be increased.
In Biden’s America Market Competition Means Government Control
George Orwell famously coined the term “newspeak” in his 1949 anti-utopian futuristic novel, 1984, in which commonsense words were reversed in their meaning. Biden’s latest executive order provides a modern illustration of “newspeak” in the 21st century.
Free Market Capitalism Is the Best Solution for Big Tech “Monopoly Power” and “Censorship”
The only real monopoly is the government itself or a business given a special privilege by the government.
Claiming the Moral High Ground in Environmental, Social, and Governance (ESG) Reporting
A company that turned its ESG report into an opportunity to proudly defend its industry and itself.
American Fountainhead: Business Hero Steve Jobs
Jobs has spent a lifetime living by Roark’s own singular rulebook not as the designer of buildings, but as the architect of a new approach to technology.
Big Business Loves Big Government
“Regulation doesn’t just kill existing businesses,” says Carney. “It keeps new businesses from ever entering.”
Capitalism Makes Us Better Off
Last week, I debunked three myths about capitalism. Here are four more…
The Bitcoin Law: El Salvador’s Counterfeit Free Choice in Currency
Bitcoin adoption should be a free choice – neither banned nor compelled by law.
Thanks to Capitalism, The Poor Get Richer
Because capitalism is voluntary and consumers have choices, the only way capitalists can get rich is to offer us something that we believe is better than we had before.
Paying People Not to Work: Labor Shortage Is a Government-Contrived Scarcity
To use Keynesian terms, employment in the United States is not suffering from an “aggregate demand” failure. There are plenty of job openings; it is a failure of a good number of employable people not being interested in filling the slots employers would like to fill. Why?
Warren Buffett Snubs the ‘Social Responsibility’ Craze
Here’s Why He’s Right.
Inflation Is a Dangerous Way to Get Rid of Debt Burdens
Inflation is a form of tax, under which portions of the citizenry’s income and wealth is taken from them through reducing the real buying power of money held by all those in the private sector and the general public.
Henry Hazlitt and the Failure of Keynesian Economics
Keynes used the “technique of obscure arguments followed by clear and triumphant conclusions.”
‘Are You on the Take?’
Because a politically connected businessmen wants more for himself, and politicians have the power to demand that developers kiss their rings, Edgewater’s dump is still a dump.
Labor Shortage Caused by Government
Government handouts encourage dependence and create labor shortages.
The Legacy of Karl Marx
Though the Communist Manifesto, even in its own time, failed completely as an economic guidebook, it did succeed thoroughly in instilling class hatred. This hatred, unfortunately, has been its most permanent contribution.
Celebrate Capitalism This May Day
We should not only allow global capitalism; we should welcome it and foster it in every way possible. It is time to rephrase Karl Marx: Workers of the world unite for global capitalism; you have nothing to lose but your poverty.
Saving Capitalism From The “Big” State
Mariana Mazzucato’s and Joe Biden’s political missions and big economic central plans require all of us to give up our own individual and personal plans to be straightjacketed into their compulsory designs for us.
“Woke” CEOs
Why CEOs go “woke”—and why they shouldn’t.
Carl Menger’s Theory of Institutions and Market Processes
Menger’s Distinct Approach to Economic Thinking
Class Harmony, Not Class War
One of the innumerable destructive consequences of an almost 250-year-old error in economic theory made by Adam Smith.
The False Ideal of Equity
The false standard of equity leads to bad outcomes for everyone. The standard should not be equity but justice.
Should Business Fight Climate Change and Inequality?
The Hazards of Embracing Environmental, Social and Governance (ESG) Goals
Socialism Never Works
Socialist experiments failed in Sweden, Israel, India, Great Britain, Afghanistan, Syria, Algeria, Cambodia, Somalia, etc. There are no socialist success stories.
Equity Performance Amid One-Party Rule in America
If history (especially more recent history) is a guide, U.S. equity gains over the next two years of full Democratic control will be inferior, a result that is more probable given that the party is currently more anti-business, anti-profit, and anti-capitalist than at any other time since 1970.
“Sweatshops” are Good for the Planet—and People
Producing and consuming fast fashion and other sweatshop products is a win-win scenario for human flourishing: consumers get inexpensive products, workers and their employers prosper, working conditions improve and pollution diminishes, the planet gets greener, and the brands profit.
President Biden’s Push To Force Workers To Join Unions
President Biden’s “closed shop” labor union agenda would rob all those working for a living the liberty and latitude to do so freely and of their own choosing.
“Bubbles” and the Grand Selection Mechanism of Financial Markets
Whenever accusations of “bubbles” are thrown about, I think of these extraordinary stories and the grand selection mechanism that is financial markets.
How Does One Apply Rational Egoism in a Mixed Economy, Welfare State?
While the welfare state cannot be transformed into a free-market system overnight, businesspeople can help by speaking up (in forums open to them) when restrictions on freedom of business are being proposed by government and other groups.