State Cronyism vs. Free-Market Capitalism

State Cronyism vs. Free-Market Capitalism

Since the economic downturn of 2008, the critics of capitalism have redoubled their efforts to persuade the American people and many others around the world that the system of individual freedom and free enterprise has failed. These critics have insisted that it is...
Individualism is the Enemy of All Forms of Collectivism

Individualism is the Enemy of All Forms of Collectivism

Free, competitive markets have been the engine for both freedom and prosperity. In addition, free market capitalism is morally based on the principle of individual rights to life, liberty and honestly acquired property, in which all social relationships require the...
The Global Economy Needs Freedom for Peace and Prosperity

The Global Economy Needs Freedom for Peace and Prosperity

How many bureaucrats are there in the world? The global population currently numbers more than 7.5 billion people. Out of that number it is estimated that the global labor force equals almost 3.5 billion, or a half a billion less than half of all the people on the...
Karl Marx: The Man Behind the Communist Revolution

Karl Marx: The Man Behind the Communist Revolution

When Karl Marx died in March 1883, only about a dozen people attended his funeral at a cemetery in London, England, including family members. Yet, for more than a century after his death – and even until today – there have been few thinkers whose ideas have been as...
Keynesian Aggregate Demand and Supply Derangement Syndrome

Keynesian Aggregate Demand and Supply Derangement Syndrome

The fundamental flaw in Professor Bradford DeLong’s view, as in John Maynard Keynes’ 1936 book is the idea that there exists a macro-economy the two sides of which are composed of aggregate demand and aggregate supply. It has been more than 80 years since the...
The Nightmare Fairyland of the Green New Deal

The Nightmare Fairyland of the Green New Deal

When a small child runs around waving their arms saying, “I’m a bird, I’m a bird,” we often will say what a creative imagination they have. If an adult runs around doing the same, we usually say that that person needs help because they are clearly out of touch with...
Jean-Baptiste Say and the “Law of Markets”

Jean-Baptiste Say and the “Law of Markets”

Whatever economic freedom we enjoy in the world today is due, to a great extent, to the ideas and efforts of the classical liberals and economists of the first half of the nineteenth century. Inspired by the eighteenth-century writings of the French Physiocrats and...

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