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.

The Economics of Socialism, Part 1

In the cloud-cuckoo lands of socialist fancy, roast pigeons will fly into the mouths of the comrades,with no realistic explanation of how this miracle is to take place.

Inflation: Transitory Permanence

In fact, relying on the government to tell us the truth about inflation is a bit like asking high school students to grade their own report cards.

The Inevitable Failure of Socialism

“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

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 …

A Tragic Half Century Without Gold Money

The gold standard wasn’t suspended because it caused the Great Depression or bank failures, nor did it disappear in 1971 because it “didn’t work.” It’s been gone because fiscal alchemists couldn’t expand the gold supply as they expanded government.

Business Execs Can’t Maximize Profits and Bash Capitalism

Business leaders and owners who think they can create profits regardless of the social system are evading facts. Profit maximization cannot be sustained in socialism or any other freedom-killing statist system toward which America seems headed today.

In Biden’s America Market Competition Means Government Control

George Orwell famously coined the term “newspeak” in his 1949 anti-utopian futuristic novel, 1984, in which commonsense words were reversed in their meaning. Biden’s latest executive order provides a modern illustration of “newspeak” in the 21st century.

Thanks to Capitalism, The Poor Get Richer

Because capitalism is voluntary and consumers have choices, the only way capitalists can get rich is to offer us something that we believe is better than we had before.