MARKETS

Central Bank Digital Currencies vs Banking Freedom

By resisting the CBDC tide and instead strengthening our money with a commodity backing (preferably gold), the US would in one fell swoop create the world’s soundest and most stable monetary unit.

Capitalism’s Visible Hand: The Uniformity of Profit Principle

Capitalism’s Visible Hand: The Uniformity of Profit Principle

The best way to begin to understand the functioning of the price system, and thus the full nature of the dependence of the division of labor on capitalism, is by understanding the following very simple and fundamental principle. Namely, there is a tendency in a free market toward the establishment of a uniform rate of profit on capital invested in all the different branches of industry.

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