What would be required to restore New York to its former prosperity and greatness would be the combination of the elimination of public welfare, the abolition of rent controls, and the privatization of the city’s transportation system.
The system of public education could be abolished over the course of a generation, in a way that need not impose financial hardship on the parents of any child alive at the time of the abolition’s commencement.
In the present-day world, a procapitalist foreign policy is indistinguishable from a pro-American foreign policy.
The establishment of gold as money is essential to the achievement of a capitalist society.
A possible way to start on the elimination of the income/inheritance tax right now would be to fight for the immediate adoption of a universal exemption of at least 51 percent of everyone’s income from federal, state, and local income taxation under all circumstances.
The savings of individuals would steadily replace taxes as the source of provision for old age.
An appropriate vehicle for the establishment of the freedom of production and trade, whether all at once or gradually, would be the establishment of one last regulatory-type agency: the Deregulation Agency.
The privatization of property is the most fundamental aspect of a procapitalist political program
If such a laissez-faire capitalist society is to be achieved, a political movement pursuing a long-range program will be necessary.
One of the innumerable destructive consequences of an almost 250-year-old error in economic theory made by Adam Smith.
A free-market option to counteracting the bias of today’s internet tech companies.
People who believe that slavery is an efficient system of production are people who are ready to impose 100% marginal rates of taxation in the belief that doing so is economically harmless.
To anyone who understands the role of the productivity of labor in raising real wages, it should be obvious that the unions’ policy of combating the rise in the productivity of labor renders them in fact a leading enemy of the rise in real wages.
While slavery enriched slave owners, it impoverished not only the slaves but also the United States as a whole.
The “protests” are not against the death of George Floyd. His connection is no greater than the length of the fuse needed to set off a vast accumulation of explosive hatred for the United States, the capitalist economic system, and rationality itself.
If there were no price controls or threat thereof, prices in the present situation would be high enough to keep stocks on the shelves.
Repealing the inheritance tax means that substantial sums that would otherwise disappear into government spending programs will instead be used to make capital investments.
A Note on Asset Prices, Wealth, and Inequality
Inflation—the government’s expansion of the money supply—creates the appearance of business prosperity along with the fact of general impoverishment, which results in blaming poverty on business and profits.
So many CEOs know so little about economics that they don’t know that in a free market producing for the profit of their stockholders in and of itself implies producing for the benefit of everyone.
Voice of Capitalism
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