Defending Capitalism: Ayn Rand vs. Hayek

Defending Capitalism: Ayn Rand vs. Hayek

Ayn Rand publicly recommended the works of Mises but not of Hayek. Today, when Hayek is much better known than Mises, it’s worth seeing why. I came to the full realization of what’s wrong with Hayek’s approach while re-reading Atlas Shrugged. No, not...
Capitalism and How Expectations Coordinate Markets

Capitalism and How Expectations Coordinate Markets

Open, competitive markets have a resilient capacity to successfully coordinate the actions of, now, billions of people around the world. With an amazing adaptability to changing circumstances, the actions and reactions of multitudes of suppliers and demanders are...
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

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