The Minimum Wage, Discrimination, and Inequality
When prices are fixed, and labor conditions are set by law, an employer can indulge his racist preferences without receiving his capitalist comeuppance.
When prices are fixed, and labor conditions are set by law, an employer can indulge his racist preferences without receiving his capitalist comeuppance.
Boulton and Watt's refusal to issue licenses allowing other engine makers to employ the separate-condenser principle clearly retarded the development and introduction of improvements.
No, the authors are not really Austrian, and I'm not even sure that they can be called libertarians, but they understand the competitive process in ways that would make Hayek and Mises proud.
In conclusion, Paul Krugman reverses cause and effect in his analysis, and he also fails to note the difference between private and government expenditures.
"As Mises again and again pointed out, capitalism is a system of mass production for the masses. But of course our great philosopher cannot be bothered to read Mises."
The film strongly suggests that Nixon had something to do with the Kennedy assassination.
In reality, a house is a consumers' good, just like an automobile or a refrigerator.
All of these things deny the true desires of people — as revealed in market prices — and substitute the opinions of the elite and politically-powerful for the true desires of people.
Not state capitalism, not crony capitalism, not mixed-market capitalism, not fascism and interventionism under the guise of capitalism, but unfettered, laissez-faire, free-market capitalism.
What is still missing is one critical thing: a culture-wide love of liberty that is capable of intimidating and beating back the rogue regime.