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Bureaucracy and RegulationEconomic PolicyFree MarketsCalculation and Knowledge
Much of government-owned transportation destroys rather than adds to wealth. The lack of a sound system of economic calculation is to blame.
People migrate for many reasons, including moving to a better economy and escaping political persecution. But one thing is certain: people are going to vote with their feet.
Economic FreedomFree MarketsPraxeology
The simplest action of economics—beneficially mutual voluntary exchange—is also its most profound. People serve each other while improving their own lot in life.
Free MarketsSocialismMonopoly and Competition
Some are claiming that AI can make socialism workable, but even AI cannot take the place of entrepreneurial economic calculation.
Bureaucracy and RegulationEconomic PolicyFree MarketsU.S. HistoryWar and Foreign PolicyWorld History
Postwar Germany was occupied, in ruins, with an economy in chaos. Germans were reduced to using cigarettes supplied by American GIs as money.
Economic PolicyFree MarketsOther Schools of ThoughtPhilosophy and Methodology
The "distributist" theorists Chesterton and Belloc imagined that economic interventionism could make life easier and more free. Yet their proposed system is neither moral nor practical.
Cronyism and CorporatismFree MarketsStrategy
Some conservatives are upset because the new best-selling beer is owned by the same company that owns the beleaguered Bud Lite. Actually, they should have no problem with that.
AntipoliticsEconomic FreedomFree MarketsProtectionism and Free TradeWar and Foreign PolicyWorld History
Leftists claim that developing nations are poor because Western nations once practiced colonialism. The truth is that empires do not foster economic growth.
Economic FreedomFree Markets
As long as scarcity exists, there will be greed. Thank goodness free markets enable greedy people to serve others.
Bureaucracy and RegulationFree MarketsLaw
All too often, when we see a new technology we don't understand, our natural inclination is to condemn it. Artificial intelligence is no exception.