Speculative activity, of course, is not limited to anticipating just future scarcities. Rather, it seeks in general to balance consumption and production over time by accumulating stocks of commodities and regulating their rate of consumption.
To this day, private companies are castigated for “predatory lending.” Yet, it was government policy that incentivized loans to those who couldn’t afford to repay them.
We should celebrate, not resent, the grocers’ profits.
What is lacking in order to make the developing countries as prosperous as the United States is only one thing: capital-and, of course, the freedom to employ it under the discipline of the market and not the discipline of the government.
Amazon has made its platform so attractive to third-party merchants that large numbers of them willingly pay a premium in order to continue to use Amazon’s platform.
Widespread racism can only occur when government mandates it.
If the United States had had a free market in oil when the Arabs imposed their embargo, its oil supplies could not have been seriously jeopardized.
Foreign investment is made in the expectation that it will not be expropriated. Nobody would invest anything if he knew in advance that somebody would expropriate his investments. At the time when these foreign investments were made in the nineteenth century, and at...
Government officials love to loudly proclaim the great benefits that tenants will enjoy by restricting and controlling landlords. The folly of their schemes will become clear when they discover that the landlord shrugged.
Like all forms of subsidies, the “right to return” takes from some—taxpayers—to provide benefits to others—low-income households.
The report on eviction filings looks at groups, not individuals. Consequently, it fails to identify the context for the individuals who were evicted.
In a free market, there is a tendency toward the establishment of a uniform price for the same good throughout the world.
Socialism as a means for improving the condition of man is impossible.
Without capital investment, it would have been necessary for nations less developed than Great Britain to start with the methods and technology the British had started with at the beginning of the 18th century, and slowly try to imitate what the British had done.
Commercial banks do not lend out other peoples’ money. On the contrary, banks create new money every time they make a loan.
If we unleash the swarm, if we restore freedom to property owners, we will see an immense increase in housing production. Property owners could convert single-family homes into duplexes, build a cottage or “granny flat” in the back yard, or do any number of other things to increase the supply of housing.
This Labor Day, the real threat to election integrity isn’t at your polling place–it’s at your workplace.
The uniformity-of-profit principle describes a tendency, never an actually existing state of affairs.
The amount of capital invested per unit of the population is greater in the so-called advanced nations than in the developing nations.
Housing activists think that the solution to the housing shortage is to shackle housing producers.
In 1936, in his General Theory of Employment, Interest and Money, Lord Keynes unfortunately elevated this method--the emergency measures of the period between 1929 and 1933--to a principle, to a fundamental system of policy. And he justified it by saying, in effect:...
If inflation is bad and if people realize it, why has it become almost a way of life in all countries? Even some of the richest countries suffer from this disease. The United States today is certainly the richest country in the world, with the highest standard of...
Farm subsidies are a way the government achieves artificially high prices. They are an illustration of legal minimum prices—that is, prices below which the government prevents the producers from selling.
Eleven professional golfers, including Phil Mickelson, have filed an anti-trust lawsuit against the Professional Golf Association (PGA).