What a Dictator Does to an Economy

What a Dictator Does to an Economy

It is not for the president or any politician or regulator to issue dictates telling individuals or businesses where and what and how much to invest, much less what to say

Climate Change and the Power of Scaremongering

Climate Change and the Power of Scaremongering

The New York Times and the scientists it cites in “U.S. Climate Report Warns of Damaged Environment and Shrinking Economy” (11/23/18), either do not understand simple mathematics, or rely on the ignorance of their readers to create a silly scaremongering headline over...
If You Are Warm Right Now, Thank Capitalism

If You Are Warm Right Now, Thank Capitalism

Last night the temperature fell 3 degrees an hour. As I write this, it is negative 10 degrees outside. A “once in a generation” polar vortex has swept into the American Midwest from the Arctic. I am lucky to be alive. It would take me just a couple of hours to die...
Billion Euro Antitrust Fine Against Intel

Billion Euro Antitrust Fine Against Intel

The European antitrust regulator has announced last month that it will fine Intel Corporation $1.44 billion (1.06 billion euros) because it “harmed millions of European consumers by deliberately acting to keep competitors out of the market for computer...
Billion Euro Antitrust Fine Against Intel

The Case Against Antitrust

Antitrust punishes the best companies The list of antitrust targets reads like a Who’s Who of American business success stories. Standard Oil Company, Alcoa Aluminum Company, IBM, and Microsoft, are just a few. These companies were pioneers in developing new and...

The Case For Unrestrained Profit

Profit is the engine of production Restraining profit by taxing it or limiting it has the effect of limiting production. Restraining profit means an economy will produce fewer goods, of less variety, and at higher price. Innovation suffers. As a result, to the extent...

The Case for Stock Shorting

What is stock shorting? Stock shorting is a method of profiting from a decline in a stock’s price. It is the opposite of investing long, where the investor profits from a rise in the stock’s price. “Going long” or hoping for a gain in the...

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