Free Markets

Rifkin misses the mark because he ignores Menger’s theory of value and the role of the entrepreneur.

Third world sweatshops benefit workers much the way factories in Great Britain and the US did during the Industrial Revolution.

The war on drugs did not prevent Philip Seymour Hoffman’s drug addiction.
 

Thanks to Helio Beltrão and Instituto Ludwig von Mises Brasil for

If I were a business owner, must I sell to you? If yes, you must balance that requirement with your obligation to buy from me.

Spencer asked: “How could the pursuit of trade, which is voluntary, sit well with the practice of militarism?”

In the absence of prices, could a central planner efficiently run an economy?

Unions and collective bargaining are not necessarily illegitimate. Workers who seek other arrangements are not “free riders” but are victims of union monopoly power.

Fixing things ourselves is often a costly process because the act of repairing something is often a recreation of the manufacturing process. Getting a machine back to working, you tread the same steps that were done at the factory. The problem is, the manufacturer will always be better at putting together machines.

The legalization of cannabis in Colorado has opened up new markets beyond the buying and selling of recreational drugs.