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capitalism magazine

What’s Wrong with the World?

My fellow students attribute the state of the world – political division and outrage, increased violence, hunger and poverty – to selfishness, the profit motive and capitalism.

“Diversity Is Our Strength”

“Diversity is our strength” began as an appeal for tolerance and inclusion—who could oppose that? It has since morphed into the opposite.

NYC Mayor Mamdani Discovers the Bankruptcy of Rent Control

End rent control. Legalize housing investment. Let prices tell the truth. Let builders build. Let landlords maintain their buildings. Let tenants freely move. Let New York grow again.

Markets

The Fed’s Fatal Conceit

The Fed’s Fatal Conceit

by

In my experience, the Federal Reserve is guilty of what F. A. Hayek (1989) called “‘the fatal conceit”–that is, the belief that smart people can do the impossible. I don’t care how smart you are or how great your mathematical models are, you cannot coordinate the economic activity of seven billion people on this planet.

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