Here’s Why He’s Right.
MARKETS
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.
Currency Competition May Save the Economy or Even Much More
It should never be illegal to do honest business in America, even if that means a transaction isn’t denominated in U.S. dollars.
Who is Carl Menger?
There are few works in the history of economics that may be truly considered “revolutionary” and “path-breaking,” in its starting premises, its logic, and its implications. But one that is in this category is Carl Menger’s Grundsätze der Volkswirtschaftsliche, his Principles of Economics in its English translation, which marks this year the 150th anniversary of its publication in 1871.
Art Gallery Demonstrates The Virtue of Independence
If there is a lesson to be learned from the economic lockdowns governments around the world started imposing on businesses in an attempt to contain the coronavirus pandemic, it is the importance of independence.
The Economics, Politics and Morality of Fiat Money: An Interview with Pro-Capitalist Economist Raymond Niles
Professor Niles discusses the economic, political and moral aspects of the U.S. dollar, inflation, gold standard, fiat, money and legal tender laws.
Confusing Free Market Capitalism with the Corrupt Interventionist State
It is difficult to see the difference between an actual free market and the interventionist system under which we live because so many across the political spectrum refer to ours as a “capitalist” society.
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