“As soon as one gives up the conception of a freely established monetary price for goods of a higher order, rational production becomes completely impossible.” – Ludwig Von Mises
MARKETS
Corporate Welfare vs. Capitalism
Today’s politicians want to spend more on EVERYTHING: Amtrak subsidies, sports stadium subsidies, green energy subsidies, even fossil fuel subsidies …
Laissez-Faire Capitalism: The Way to Economic Recovery After Government Lockdowns
If we want to build economies back for continual growth and prosperity, we need the government to unchain businesses and set them free to produce again.
Voice of Capitalism
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‘Are You on the Take?’
Because a politically connected businessmen wants more for himself, and politicians have the power to demand that developers kiss their rings, Edgewater’s dump is still a dump.
Capitalism and the Origin of Economic Institutions
Economic progress is the leading manifestation of yet another major institutional feature of capitalism: the harmony of the rational self-interests of all men, in which the success of each promotes the well-being of all.
Labor Shortage Caused by Government
Government handouts encourage dependence and create labor shortages.
Capitalism and Freedom Require Government
The existence of freedom under laissez-faire capitalism requires the existence of government.
The Philosophical Foundations of Capitalism
The greatest era of capitalist development—the last two centuries—has taken place under the ongoing cultural influence of the philosophy of the Enlightenment.
The Legacy of Karl Marx
Though the Communist Manifesto, even in its own time, failed completely as an economic guidebook, it did succeed thoroughly in instilling class hatred. This hatred, unfortunately, has been its most permanent contribution.
Celebrate Capitalism This May Day
We should not only allow global capitalism; we should welcome it and foster it in every way possible. It is time to rephrase Karl Marx: Workers of the world unite for global capitalism; you have nothing to lose but your poverty.
Capitalism: The Nature and Importance of Economics
Economics belongs alongside mathematics, natural science, history, philosophy, and the humanities as an integral part of a liberal education.
Saving Capitalism From The “Big” State
Mariana Mazzucato’s and Joe Biden’s political missions and big economic central plans require all of us to give up our own individual and personal plans to be straightjacketed into their compulsory designs for us.
Capitalism: Economics, the Division of Labor, and the Survival of Material Civilization
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.
“Woke” CEOs
Why CEOs go “woke”—and why they shouldn’t.
Carl Menger’s Theory of Institutions and Market Processes
Menger’s Distinct Approach to Economic Thinking
The Poetry of Work
“Poetry of work” is worth pursuing. It gives us purpose—and it gives us happiness.
Class Harmony, Not Class War
One of the innumerable destructive consequences of an almost 250-year-old error in economic theory made by Adam Smith.
The False Ideal of Equity
The false standard of equity leads to bad outcomes for everyone. The standard should not be equity but justice.
Should Business Fight Climate Change and Inequality?
The Hazards of Embracing Environmental, Social and Governance (ESG) Goals
Socialism Never Works
Socialist experiments failed in Sweden, Israel, India, Great Britain, Afghanistan, Syria, Algeria, Cambodia, Somalia, etc. There are no socialist success stories.
Equity Performance Amid One-Party Rule in America
If history (especially more recent history) is a guide, U.S. equity gains over the next two years of full Democratic control will be inferior, a result that is more probable given that the party is currently more anti-business, anti-profit, and anti-capitalist than at any other time since 1970.
“Sweatshops” are Good for the Planet—and People
Producing and consuming fast fashion and other sweatshop products is a win-win scenario for human flourishing: consumers get inexpensive products, workers and their employers prosper, working conditions improve and pollution diminishes, the planet gets greener, and the brands profit.
President Biden’s Push To Force Workers To Join Unions
President Biden’s “closed shop” labor union agenda would rob all those working for a living the liberty and latitude to do so freely and of their own choosing.
“Bubbles” and the Grand Selection Mechanism of Financial Markets
Whenever accusations of “bubbles” are thrown about, I think of these extraordinary stories and the grand selection mechanism that is financial markets.