Free Markets

People decrying poverty in developing countries usually overlook the fact that there is a dearth of long-term economic thinking.

There is a future of capitalism with higher living standards for all. Then there is the alternative: state-directed economic stagnation and runaway inflation.

Garrett wanted his government to mind its own business. This is because he wanted Americans to be able to mind their own business without being taxed, conscripted, or killed in other people's causes. 

Lilburne's courageous campaigns for liberty resulted in his spending much of his life in prisons.

Critics claim the market economy engages in "planned obsolescence" that encourages throwing good products into landfills. In fact, activities that might seem wasteful are the best use of resources.

Neoclassical economists have a rigid view of monopoly producers. Austrians recognize that the only monopolies that create problems have been nurtured by government intervention.

Keynesians believe that if government spends more, it creates wealth in the process because it is "creating demand." But only wealth generation can create demand for goods.

Progressives claim that inequality is causing poverty and making people's lives worse. In reality, inequality leads to better economic outcomes overall and pulls more people out of poverty.

The safety and prosperity of the individual and of the whole depends on the principles of society and civilization, something deeper than any government.

The ruling class is claiming that free markets are nothing more than a "trickle-down" scheme. But a free market system really does serve society best.