The principle here is that we need to look to greater economic freedom, not greater government intervention, as the path to economic improvement for everyone, especially the poor.
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
Is There Wage Stagnation?
Many economists, politicians and pundits assert that median wages have stagnated since the 1970s.
Leadership and The BB&T Philosophy
The foundation of BB&T’s success is its principles.
Pros and Cons of Capital Gains Taxes
Reducing investors’ incentives to take risks is reducing the jobs their investments are likely to create.
How The FED Taxes The Poor
One of the biggest, and one of the oldest, taxes is inflation. Governments have stolen their people’s resources this way, not just for centuries, but for thousands of years.
More on Bitcoin: Why It Cannot Replace Money
Why does anyone use bitcoin and what accounts for its popularity in some countries and industries?
Why Bitcoins Will Go To Zero, But Gold Will Not
Another view on Bitcoins.
Bitcoin Revolution
Risky as this new currency may be, I still trust it more than I trust politicians.
Income Inequality vs Productivity Inequality
Far more important than income inequality is productivity inequality.
The Politics of the Minimum Wage
The politics of the minimum wage are simple. No congressman or president owes his office to the poorly educated black and Latino youth vote.
The ‘Trickle-Down’ Economics Bogeyman
It is not just in politics that the non-existent “trickle-down” theory is found.
Too Big to Pop?
It’s as if the concept of “too big to fail” has evolved into the belief that some bubbles are too big to pop.
The Minimum Wage Forces Low-Skill Workers to Compete with Higher-Skill Workers
The efforts underway by the Service Employees International Union, and its political and media allies, to raise the minimum wage from $7.25 to $15 per hour would, if successful, cause major unemployment among low-skilled workers, who are the supposed beneficiaries of...
Bitcoin Takes on Gold
All that glitters is not gold.
Let There Be Light
The proper role of the government is not to tell companies what to produce and sell and to consumers what to buy.
Swiss Reject To Limit Executive Pay
Justice demands that people are compensated on the basis of performance, not on the basis of their need or of the egalitarian ideal dominant in today’s culture.
ObamaCare’s First Few Years
The Patient Protection and Affordable Care Act—otherwise known as ObamaCare—is almost four years old. Despite the technical troubles, what every American should know about the law is that whatever its provisions, whatever the press propagandizes or reports, the...
SEC Attacks SAC Capital
Insider trading is when someone trades with knowledge they have but which others do not. The question is whether this should be a crime.
A Green Light for Gold?
Gold moved from $300 to $1,800 not because investors believed the government would hold the line on debt, but because they believed that the U.S. fiscal position would get progressively worse. That is what happened this week.
A Return to Keynes?
Under Calvin Coolidge, the ultimate in non-interventionist government, the annual unemployment rate got down to 1.8 percent. How does the track record of Keynesian intervention compare to that?
Debt Ceiling Delusions
The popular take on the current debt ceiling stand-off is that the Tea Party wing of the Republican Party has a delusional belief that it can hit the brakes on new debt creation without bringing on an economic catastrophe. While Republicans are indeed kidding...
Is Stealing Good For the Economy?
How could the Yellen’s and Bernanke’s of the world possibly think that counterfeiting money is a good idea?
Minimum Wage Madness: Part II
Labor unions have been supporters of minimum wage laws in countries around the world, since these laws price non-union workers out of jobs.
Minimum Wage Madness
Countries with minimum wage laws almost invariably have higher rates of unemployment than countries without minimum wage laws.
The Half Full Economy
The government is continuously over promising and under delivering.
What’s in the Vault?
Many have understandably sensed that central banks may well have acted to allow bullion banks to take out massive naked short positions in precious metals in order to drive down the price.
Lessons From the Bankruptcy of Detroit
Private enterprise built America’s Motor City; government destroyed it.
One CEO’s Dilemma: “But I don’t want to be moral!”
The moral is the practical—that is the reason why you want to be moral.
“You Are Not That Good”– Why Business Leaders Need Pride, not Humility
Instead of humility that the “you are not that good” remark is trying to admonish, an effective business leader needs to embrace the moral principle of pride: the policy of doing one’s best.
A shareholder-employee conflict?
Marx was wrong: shareholders will benefit, not from the exploitation of workers but from their motivated, productive, fairly-compensated contribution to wealth creation. It is not a win-lose but a win-win; the alleged conflict between shareholders and workers is a myth.
The Golden Cycle
The New York Times had the definitive take on the vicious sell off in gold. To summarize one of their articles: Two years ago gold bugs ran wild as the price of gold rose nearly six times. But since cresting two years ago it has steadily declined, almost by half,...
Economics vs. ‘Need’
One of the most common arguments for allowing more immigration is that there is a “need” for foreign workers to do “jobs that Americans won’t do,” especially in agriculture. One of my most vivid memories of the late Armen Alchian, an...
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