If violence is the key to creating wealth, as Desmond insinuates, then the communist nations would have created fabulous amounts of wealth given the brutality of 20th-century Stalinism.
The free-market doctrine does not rest on an assumption that consumers make wise choices. Like the mythical “economic man,” the Perfectly Wise Individual is a straw man created by the critics of the theory.
100-year bonds push government debt onto future taxpayers who haven't even been born yet. And they also show the government has no intention of actually paying its debts.
Defenders of slavery so vehemently opposed free labor, they claimed the "wage slavery" system was even worse than slave labor. The idea being that slavery is morally superior to wage labor.
In July, year-over-year growth in the money supply was at 2.19 percent. That was up slightly from June's rate of 1.98 percent, but was well down from July 2018's rate of 4.07 percent.
Brazil — and its longtime disregard for property rights — has shown us how not to manage forest lands. Current calls for government solutions to forest fires do nothing to offer real solutions.
New technologies, not the state, will be the key to making it ever easier to meet basic needs and diminish the perceived need for more government services.
Price-control schemes have been failing for thousands of years. Now it looks like politicians in Washington are going to give price controls yet another try.
The General Theory is not a book explaining economics to his followers at all, but a propaganda tool to lead them to his vision of a non-Marxist socialist nirvana.
When corporations can make more money by angling for government favors than they can by serving customers, that is exactly what they are going to do.
