The greatest era of capitalist development—the last two centuries—has taken place under the ongoing cultural influence of the philosophy of the Enlightenment.
In spite of all its benefits, capitalism has been furiously attacked and criticized. It is necessary that we understand the origin of this antipathy.
Economics belongs alongside mathematics, natural science, history, philosophy, and the humanities as an integral part of a liberal education.
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The mere fact that you are living today is proof that capitalism has succeeded, whether or not you consider your own life very valuable.
What makes the science of economics necessary and important is the fact that while human life and well-being depend on the production of wealth, and the production of wealth depends on the division of labor, the division of labor does not exist or function automatically.
Poison pills are more likely a defense of bad management than a defense of stockholders rights. They undermine the market for corporate control and, as a result, the value of stockholders’ investments.
It is a mistake to do business in authoritarian countries in the first place due to the political risk it poses.
Passengers aren’t willing to pay for it.
Whether the bank sanctions hurt Putin or not, they will have far-reaching effects on many innocent people, and not only in Russia. To understand these effects, consider what happens when a bank account is “frozen.”
How is the new stakeholderism different? Unlike the old stakeholderism, it is mandatory.
“Poetry of work” is worth pursuing. It gives us purpose—and it gives us happiness.
For a 1,000 square foot apartment—smaller than many cities allow without expensive variance permit processes—a developer would need to charge at least $2,750 per month just to break even.
Meta (Facebook), Amazon, Apple, Alphabet (Google), and other Big Tech companies are not monopolies. They have achieved their dominance through competition. Success through competition is a part of competition.
Those dollar bills in your pocket came from bank deposits, created out of thin air.
How does money come into existence today?
The American Innovation and Choice Online Act would erode the consumer welfare standard and move our antitrust model closer to those seen in communist China and parts of Europe.
There’s nothing unfair about wealth disparity in a free market, but the economic divide caused by QE is a gross injustice.
Is consumer price inflation transitory or persistent?
Those who advocate a world without money advocate an impossible fantasy where nobody would be incentivized to work and rights would be violated as a matter of course.
The Fed’s fixation on consumer prices disguises the real inflation rate.
Antitrust blocks the competitive process. It does so by substituting the meager knowledge and imaginations of economists, lawyers, courts, bureaucrats, and politicians for the actual, creative head-to-head competition that occurs within markets.
Record profits are not the sign of a resilient economy but an inflationary effect of reckless money creation
The current fiat monetary system is a zombified version of the original and Bitcoin is no answer to the perversion of a gold sound money system.
Central banking “independence” from politics (fiscal profligacy) seems to be a thing of the past.