Lord Keynes and Say’s Law
Although they never actually accomplished it, one of the worst things the Keynesians did was convince some people that they had refuted Say's law of markets.
Although they never actually accomplished it, one of the worst things the Keynesians did was convince some people that they had refuted Say's law of markets.
A standard criticism of free markets is that markets promote inequality. It is time to debunk that false claim.
So long as there are governments with stones ready to throw, there will be a need for someone to point out that destruction is never productive, never beneficial, and never a path to the good life that we all seek.
Because of Elon Musk's attempt to take over Twitter, Tesla has been removed from the S&P's ESG Index, an action that exposes ESG for what it really is: a woke cartel.
Socialists once argued that socialism would best capitalism in terms of wealth creation. Now they don't say capitalism leads us to poverty but to too much wealth.
Ignorant politicians who create no wealth can only impede great visionaries like Henry M. Galt from creating wealth with monetary chicanery, antitrust litigation, labor laws, and other regulatory measures.
The African Continent Free Trade Area has the potential to serve Africans and bring about better living standards. However, it is threatened by government attempts to "manage" trade.
Utilitarianism assumes that morality—the good—is purely subjective to each individual. It also assumes that these subjective desires can be added, subtracted, and weighed across the various individuals in society.
By asking people not to pursue market success, altruists are actually asking them not to help others.
Hazlitt popularized sound economic thinking, was a critic of Keynes, and contributed to ethical moral philosophy. Not bad for a poor fatherless boy and college dropout.