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.
Elon Musk has turned into a true American, a resistor, a revolutionary. His influence in business and philosophical outlook offers a real path forward. He deserves every congratulations for refusing to go along with ruling-class ideology and instead demand that most essential thing, the freedom to trade, speak, run a business, and innovate without government interference.
Instead of disdain and condemnation, businesses and businesspeople deserve our gratitude.
It’s mistaken to think that pursuing profits harms people. Profit-seeking by business does not harm but rather benefits people, beyond its owners.
Carl Menger’s Free Market Advice to an Austrian Crown Prince
It is more convenient for the government to argue that inflation is due to supply-chain shocks or scapegoats (such as evil corporations) than admitting it is of their own doing.
A Three-Pronged Blunder, or, what Money is, and what it isn’t.
What these self-styled “anticommunist liberals” are fighting against is not communism as such, but a communist system in which they themselves are not at the helm.
Changes in human conditions are brought about by the pioneering of the most clever and most energetic men. They take the lead and the rest of mankind follows them little by little. The innovation is first a luxury of only a few people, until by degrees it comes into the reach of the many.
The tycoon of the book market is the author of fiction for the masses.
The riches of the rich are not the cause of the poverty of anybody. The process that makes some people rich is, on the contrary, the corollary of the process that improves many peoples’ want satisfaction.
On the the social characteristics of capitalism and the psychological causes of Its vilification.
He who expects a rational economic system from socialism will be forced to re-examine his views.
The exclusion of free initiative and individual responsibility, on which the successes of private enterprise depend, constitutes the most serious menace to socialist economic organization.
Is there no way in which some kind of economic calculation might be tied up with a socialist system?