In a capitalist world, socialists would be free to form their own socialist communities. They're largely free to do so now, although few do. This may be due to the fact that even the utopian version of socialism seems unpleasant.
Slicing and dicing statistics is no way to justify outlawing jobs for the least experience and most vulnerable workers. But outlawing jobs is what minimum wage hikes are all about.
The world waits to see if next week is finally the week that the Fed announces its rate hike. Can the economy survive whatever small bump the Fed deals out? Perhaps, but that won’t change the inherent instability of our current monetary regime.
According to the LA Times, the US crude slumped to $35 p
The Winter 2015 issue of the Journal of Private Enterprise features contributions from William Butos, Larry White, Steve Horwitz, Joseph T. Salerno, and others.
A credit union in San Francisco is offering a $2 million, no down payment mortgage loan to borrowers.
I do not regard homeownership rates as a proxy measure of economic prosperity. But, in the United States, increasing homeownership has long been a goal of federal policymakers.
Jeff Deist's speech "PC is Control, Not Etiquette", is now available in German.
Thomas Piketty is wrong. Markets do not concentrate wealth. They work to diffuse wealth and limit the power of any single enterprise. Meanwhile, many lose their fortunes as quickly as they gain them.
