The Problem with Public Transit
Much of government-owned transportation destroys rather than adds to wealth. The lack of a sound system of economic calculation is to blame.
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.
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.
To Marx, each individual's thinking is all determined not by his personal self-interest but by the interest of the class to which he supposedly belongs.
Some are claiming that AI can make socialism workable, but even AI cannot take the place of entrepreneurial economic calculation.
Postwar Germany was occupied, in ruins, with an economy in chaos. Germans were reduced to using cigarettes supplied by American GIs as money.
Inflation did not benefit the poor; wages lagged behind the rise in prices during inflations, especially behind agricultural prices.
Postwar Germany was occupied, in ruins, with an economy in chaos. Germans were reduced to using cigarettes supplied by American GIs as money.
In today's progressive climate, sexual assault charges are easy to make and hard to refute, even when they are demonstrably false.
Some conservatives are upset because the new best-selling beer is owned by the same company that owns the beleaguered Bud Lite.