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As fear that robots and artificial intelligence will take over whole lines of work, it is time to examine the real relationship between capital and the rest of us.
Bureaucracy and RegulationFree MarketsHealthProgressivism
Progressives are quick to blame escalating healthcare costs on free markets, yet it's government rules and policies that are responsible.
Free MarketsSocialismMonopoly and Competition
Among Mises's contributions was his doctrine of consumer sovereignty in a free market.
Bureaucracy and RegulationFree Markets
Government programs like Medicare are called insurance, yet they are anything but. There is a difference between public and private plans.
People still come to America, but it is because of the foundation created by private enterprise, not because of progressive politics.
Progressives claim that while they might acknowledge the presence of scarcity, nonetheless, we can reject a "scarcity mindset" because governments can order an end to scarcity through fiat.
Austrian economists often are labeled ideologues for advocating for free markets, yet socialism requires the ideological blinders.
The FedFree MarketsInflationBusiness Cycles
In a free market, short-term and long-term rates would move toward convergence. Fed interference with interest rates ensures that won't happen.
CapitalismFree MarketsU.S. History
Academic historians of the "acclaimed" new history of capitalism have a major weakness: their claims do not match the historical record.
Free MarketsProperty RightsSocialism
Proponents of socialism claim that it promotes ownership "by the people." Yet the people that actually control resources and production are not the same people who allegedly are the "rightful owners" in society