“Although commercial bankers often err in deciding who to lend to, I believe they are far less likely to do so than a body of government-appointed bureaucrats.” – George Selgin
MARKETS
The “Fortune of the Commons”
Why are there still wild blueberries in the fields held in common?
The Inevitable Failure of Socialism
“As soon as one gives up the conception of a freely established monetary price for goods of a higher order, rational production becomes completely impossible.” – Ludwig Von Mises
Corporate Welfare vs. Capitalism
Today’s politicians want to spend more on EVERYTHING: Amtrak subsidies, sports stadium subsidies, green energy subsidies, even fossil fuel subsidies …
Biden Proposes Government Price Controls on Prescription Drugs
The optimal price government should pay for medical care, including prescription drugs, is $0.00.
Laissez-Faire Capitalism: The Way to Economic Recovery After Government Lockdowns
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.
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.
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