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 cooperati…
Is the DOJ finally done playing games with the economy?
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.
The Industrial Revolution has allowed mankind to improve his environment.
Most successful entrepreneurs become rich, not because of luck or having been handed extraordinary opportunities, but because they have worked productively.
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.
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.
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 spe…
Globalization is the relatively free movement of people, things, money, and ideas across natural or political borders.
Many people have a dim view of profits; they see them as the result of immoral exploitation by business for selfish gain.
Objectivist Jim Brown opines on DOGE, deregulation, drill baby drill, tariffs, lower taxes, Immigration, a lower dollar exchange rate, lower interest rates, restructuring US Debt, & monetizing US assets, possibly through a sovereign wealth fund.
According to Rand, then, tariffs are destructive because they are a form of physical coercion by the government. They violate the citizens’ freedom to choose with whom to trade and on what terms and thus limit their ability to pursue their lives.
Economically, unilateral free trade remains beneficial even in the face of foreign tariffs.
America’s industrial capacity is today at an all-time high — and not because of tariffs.
Protectionism can’t enrich the country as a whole, only boost certain individuals and industries while impoverishing the rest.
The fundamental reason for appeasing the critics of business is that company executives lack the moral argument for defense. As Ayn Rand argues in ‘The Sanction of The Victims,’ most business leaders have accepted the moral code of altruism.
Decades of ossification, political interference, and financial losses have left USPS in unsustainable position.
If Bitcoin is someday supplanted by another digital asset offering indisputable improvements, its foundational role in seeding and anchoring the cryptocurrency asset class — and in driving trillions of dollars of investment into similar and related assets and enterpri…
California’s minimum wage law for fast-food workers is, like any such law, a price floor; it is a price control on labor.
Despite Walgreens being ranked as one of America’s most trusted brands, with a rich history dating back to 1901, 500 stores are slated to shut their doors in 2025 with more closures to come in the years following.
In reality, America’s industrial capacity – the ability of the American economy to produce value in the form of industrial outputs – is today at an all-time high.
The best way to address unfair trade practices is not through blanket tariffs but by expanding trade with allies and non-hostile nations.
There is a lack of public comment and debate about Kamala Harris’s call for price controls on groceries and rents, the most stunning and frightening policy proposal made in my lifetime.
The DOJ’s case against Google is a moot point and waste of taxpayer dollars.
Endorsing individuals’ freedom to trade with foreigners is simply of a piece with the more general endorsement of individuals’ freedom to trade with whomever they please, whether fellow citizens or not. The protectionist position, in contrast, invariably relies upon…
Ten years ago, Venezuela set out on a path to economic ruin and grave shortages of basic consumer goods, because of price controls on groceries and other products. Is the US really going to travel on the same road?
Free nations as such don’t gain or lose from trade; only individual traders do.
The fundamental principle that we need to recognize to help all workers flourish, ignored by most labor unions and governments alike, is freedom.
There’s strong and growing evidence that the “next” US recession has begun — or will begin soon.
As Ayn Rand explains, the antitrust laws are based on confusing two types of power: economic power (sometimes called “market power”) and political power. Only the latter is coercive.
Must the US counteract Beijing’s subsidies with high tariffs?
More than half of imported goods are intermediate items or inputs used in manufacturing. Because the cost of these inputs will rise with the tariffs, total employment in manufacturing and the entire economy will decline or, at best, grow slower.
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