How Far Will We Fall?
What ultimately matters for the well-being of society is the degree to which our wants are satisfied, and therefore the actual usefulness of goods.
What ultimately matters for the well-being of society is the degree to which our wants are satisfied, and therefore the actual usefulness of goods.
While his major practical interest had not been domestic or economic affairs, he had helped build up the absolutism of the French state.
"Meanwhile, states that do not reward being poor find poverty levels falling."
If we consciously specialize in one kind of activity, we can do so only because we count upon other individuals being ready to serve us just as we are prepared to serve them. It is here that the great principle of solidarity, which govern society, comes into play.
"By anticipating the future, speculators may bring about events earlier and reduce their potential harm."
Keynesianism ignores the fact that government spending must come either from tax dollars or from the printing presses, both of which harm the common man. Instead, Keynesianism promises that we can all pick one another's pockets — and all get rich doing it!
The Japanese attack on Pearl Harbor made war inevitable. But the attack was not Roosevelt's reason for going to war. It was his excuse.
We must revisit and strengthen these arguments if we are to choose capitalism and freedom over socialism and serfdom.
"Congress and big oil companies colluded to reward risky behavior and lost their bet."
"Oil was supposed to disappear by 1900. But the automatic conserving and incentive workings of the price system have repeatedly given the lie to these absurd projections."