My article “Shareholder, not Stakeholder,” which argued against the collectivist notion of “the stakeholder,” brought forth much disagreement, especially from the bohemian business types. Regarding this same topic, there is this magnificent Norman Barry piece on the stakeholder fallacy in the Freeman. He notes:

[Written in 1925, this essay was published in Economica in 1926 and became more widely known when F.A. Hayek included it in Capitalism and the Historians (1954).]

This excerpt from an article on Americans abandoning U.S. automakers provides an idea of just how ignorant one would have to be to believe that “buying American” makes any sense:

Larry White reviews and takes issue with de Soto’s book.

A once in a lifetime chance for anarchy!

This fascinating and inspiring story from the BCC shows how Vietnam has been transformed through trade and capitalist practice. “Vietnam now attracts more overseas investment than India does; it is second only to China in the Asian economic growth league, and 50% of the Vietnam population is aged 35 or under. The trite way of putting it is that when they stopped making war here, they made love.”

While watching the classic comedy Animal Crackers, I laughed as Groucho Marx — playing the character Captain Spaulding — engaged a gentleman named Chandler in a very funny Marxian discussion of inflation and fiat money:

The New York Times must have a guilty conscience about the continuous distortions of the news that appear in its pages. Evidence of this guilt is provided everyday in The Times’ claim that its “news and editorial departments do not coordinate coverage and maintain a strict separation in staff and management.”