American Factory is at its core a damning snapshot of American labor entitlement.
MARKETS
Facebook, Instagram and Discrimination Against Conservative Viewpoints
My radio colleague Dennis Prager heads a nonprofit, tax-exempt charitable organization called Prager University. It shares five-minute educational videos from a conservative perspective. There have been over 2 billion views. No sex. No profanity. No chase scenes. But...
Is Google Too Big and Powerful?
Instead of worrying about Google’s influence, we should oppose a real threat: government’s initiation of force, through measures such as carbon taxes or dictating how Google should operate.
Scottish Banks and the Bank Restriction, 1797-1821, Part 3
Blame the Bankers, Not Freedom in Banking
Scottish Banks and the Bank Restriction, 1797-1821, Part 2
That there was widespread support for the Scottish bank suspension did not, however, mean that the suspension left the Scottish public unscathed.
Scottish Banks and the Bank Restriction, 1797-1821, Part 1
Does the Scottish suspension suggest that fractional reserve banking is, inconsistent with genuine freedom in banking, including the consistent honoring of bank customers’ property rights?
How Much Damage Will Come from this Trade War?
First, the good news: the U.S. and world economies have not imploded, so far, as fallout from the rising trade tensions between the Trump administration and Xi Jinping’s government in China. Now, the bad news: there is no certainty that this will not play itself out...
The Practical Value of Ethics in Business
If you are a student of business, in any stage of your career, I encourage you learn about rational egoism—if success in business is your goal.
The Myth of Profit Making as Exploitation
Pursuing self-interest in business is not exploitative, because it can only be based on voluntary trade.
Hazony’s Tradition-Based Society Is Social Engineering
At any moment in time, the world seems to be going to hell in a handbasket. Manners are missing; ethics are being eliminated; culture is corrupted; social attitudes are supercilious; virtues are vanishing; literature is mostly licentious; industry and commerce are...
Laissez Faire vs. Interventionism
In eighteenth-century France the saying laissez faire, laissez passer was the formula into which some of the champions of the cause of liberty compressed their program. Their aim was the establishment of the unhampered market society. In order to attain this end they...
Capitalism is the Solution to the Problem of “Asymmetric Information”
It is capitalism and the competitive market process that generates solutions to the knowledge problems of the society, including the “informational asymmetry” that naturally follows from any developed social system of division of labor.
Wages War
Many high employment “countries such as Iceland, Norway, Sweden and Switzerland” have no minimum wage laws.
Congress Seeks To Boost Teen Joblessness By Increasing The Minimum Wage
A mandatory minimum wage rate, to the extent it’s set above the market-clearing wage rate, causes unemployment.
Laffer Gets Laughable
If we can’t kill it entirely, we should be thinking about ways to make the Fed less political, not more.
Protectionists in Plunderland
If we Americans are indeed made better off the greater are foreigners’ demands for our exports, how are we made worse off by foreigners’ economic success given that such success invariably increases their demands for our exports?
Marx and His Exploitation Theory
As the economic degree of capitalism rises, not only do profit margins and the rate of profit fall, but wage payments come into being and then rise both absolutely and relative to profits.
U.S. Constitution Gives the Trade Power to Congress Alone
Republicans must join with Democrats to end Trump’s tariff authority. They should repeal these “emergency” laws that allow the president to unilaterally impose new taxes on Americans, in defiance of the intent of the framers of the Constitution.
Rational Selfishness and the Great Wealth Creator
People are most often confused by executives who seem to share attributes of both the inflated and the genuine egoist
Donald Trump: America’s Economic Commissar of Trade
Besides making Americans poorer than they otherwise need to be due to Trump’s tariff wars, the president has arrogantly used executive authority to arbitrarily impose higher import taxes (or their threat) at his own discretion and whim.
No Need To Cut Down Amazon, Apple, Google and Facebook To Size
It is not Amazon, Google, Apple, Facebook, and others that need to be “cut down to size,” as they cannot coerce us to buy their products and use their services.
The Financial Crisis: Lessons Not Learned
The financial crisis of 2008-9 — accompanied by the Great Recession was caused by government intervention, mainly in mortgage finance and the housing sector.
How Ayn Rand’s Philosophy of Objectivism Can Rescue Hayek’s Economics
In economics Hayek is a radical; but in philosophy, unlike Ayn Rand, Hayek is a conservative.
“Hipster Antitrust”: The Assault on Google, Facebook, Apple and Amazon
Hipster antitrust taken to its logical extreme involves the government using its power over firms to make them do whatever politicians feel like.
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