Global Economy

From the 2006 Supporters Summit: Imperialism: Enemy of Freedom, 27-28 October 2006, Auburn, Alabama.

From the 2006 Supporters Summit: Imperialism: Enemy of Freedom, 27-28 October 2006, Auburn, Alabama.

There is only one system that can support a national and world population on this scale, and it is not socialism, primitivism, or any other than capitalism. Moreover, no form of government can create wealth.

The best the state can do to bring about this ideal is to stop interfering in all manner of social and economic relations between people.

Our analysis shows that it is changes in past money supply, and not changes in the price of oil, that drive price inflation.

Apart from the saving grace that the companies are adding value to the society, it is a jamboree of politically correct, anti-development, guilty, and dishonest people — those who have no concept of how wealth is created. They have no interest in the environment or the poor.

So there you have it: a theory of causation (lack of regulation) and a proposed solution (more regulation). Are we supposed to believe that in a properly and full regulated world, there would be no unexpected accidents or any regretable malfunctions?

The seemingly impressive Swedish boom will certainly be revealed as a fraud — just as the whole story of the success of the Swedish economic model is a fraud.

Taylor, and you other critics of the spontaneous outcomes of the market economy, please do us all a favor: Go read Henry Hazlitt's Economics in One Lesson.

This weekend marks the one year anniversary of China’s first step away from its more