Henry Hazlitt Responds to 10 Common Objections to Capitalism
The number of faults that have been alleged against capitalism are without limit. Few have any merit.
Free Markets
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Slavery and Freedom
This is the fruit of free labor. It is able to create more wealth for everyone than slave labor once provided for the masters.
The Impossibility of the State
In this article, Leonard Brewster discusses how self-governance can be much more efficient than a formal governing class or state.
“Free Stuff” Isn’t All That It’s Cracked Up to Be
Democratic socialism in Britain in the late 1940s brought a wave of shortages with rations falling even below WWII standards.
Individualism in the Age of the Smart Machine
Hunter Hastings outlines how technology can help empower entrepreneurship and usher in a new age of individualism.
The Real Meaning of Competition
Why is the aviation world all atwitter? Peter Klein explains what free market competition is and is not.
Let’s Get Government Out of the Physician Certification Business
Should the government impose its own standards for certification for physicians? The short answer is "no."
The Inequality of Wealth and Income
Those who advocate equality of income distribution overlook the most important point, namely, that the total available for distribution, the annual product of social labor, is not independent of the manner in which it is divided.
Marc Faber: Some Misallocation Is Worse than Others
Is government spending on infrastructure less of a misallocation than other spending?
Free Trade, and the US as “an Antiquated and Unnatural Construct”
Every now and then, I get a letter from a reader that is full of great observations. Here is one of them:
