Understanding Anti-Capitalist Fallacies
The accusations against capitalism that we read not only from progressives but also conservatives are based upon fallacious thinking. It’s time to deal with these fallacies head on.
The accusations against capitalism that we read not only from progressives but also conservatives are based upon fallacious thinking. It’s time to deal with these fallacies head on.
The common belief is that increases in the stock market drive overall economic growth. Expansionary monetary policies, however, are responsible for driving up stock prices even as they simultaneously damage the economy.
The standard line from US political elites is that failure to aid Ukraine would mean Russia's destruction of what is left of the country. However, the likely result would be a negotiated peace.
Israel is a wealthy nation, yet it also is the largest recipient of US foreign aid. Are those aid dollars value-adding or value-destroying?
Government intervened into home mortgages to subsidize home buyers and make home ownership more "affordable." As with most interventions, the results have backfired as home prices and mortgage rates skyrocket.
Ostensibly to combat "disunity," political elites have called for Americans to unite over the "public good." However, the policies these elites want to put into place are the very cause of disharmonies in the first place.
While Argentina president-elect Javier Milei plans to privatize state-owned enterprises, there is a right way and a wrong way to privatize these entities. Murray Rothbard and Hans-Hermann Hoppe show the way.
Paul Krugman has an easy answer for those that ask why people are pessimistic about the economy: the dastardly Republicans have fooled everyone. There are good reasons for the pessimism that we shouldn’t ignore, however.
Ezra Klein of the New York Times despairs of government’s impotence in building vast projects from energy grids to high-speed railways. He believes granting government absolute power is the answer.
While those that foisted the covid lockdowns and restrictions on the public are asking for “forgiveness,” Rand Paul is asking for the truth. Phil Duffy reviews Paul's book documenting governing elites' lies and cover-ups.