In a voluntary society, both parties benefit from any exchange, or it wouldn't have happened in the first place. We only want the most profitable businesses to be operational, because we will benefit the most from the best and cheapest goods.
It is the state, not consumers, that ultimately decides who will succeed or fail.
Collecting and calculating statistics for the government is not as glamorous as Al Gore makes it sound.
The sheaf of protectionist arguments, many plausible at first glance, are really a tissue of egregious fallacies.
If we consider individual people instead of statistical categories, we must reject the leftists' conclusion that the rich are increasingly dispossessing the rest.
Shadow work is any work we do that we aren't directly compensated for. What its critics miss is that this shadow work is one of the effects of inflation, along with the government's ongoing effort to prop up the cost of labor with regulations and the minimum wage.
Today's banks are not free-market institutions. They live in a symbiosis with governments that they are financing.
While pop and rock hits were attracting pirates, the same methods were available to aficionados of opera, classical, jazz, and show music.
The imposition of new taxes shifts wages and prices in ways that are impossible to predict beforehand and difficult to measure even after the fact.
