MARKETS

Socialism: Inability of Economic Calculation (4 of 4)

The fact is that economic calculation, and therefore all technological planning, is possible only if there are money prices, not only for consumer goods but also for the factors of production.

Unmasking Inflation

The Fed’s fixation on consumer prices disguises the real inflation rate.

False Profits

Record profits are not the sign of a resilient economy but an inflationary effect of reckless money creation

Elon Musk, Person of the Year, Radicalized by Lockdowns

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. 

The Virtue of Business

Instead of disdain and condemnation, businesses and businesspeople deserve our gratitude.

The Economics of Socialism (Part 4)

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.