Socialism

As socialists gain power in American cities and states, they look to destroy the creation of wealth and to tax the wealth-creators into oblivion. We know how these scenarios end.

As socialists gain power in American cities and states, they look to destroy the creation of wealth and to tax the wealth-creators into oblivion. We know how these scenarios end.

Mamdani’s election is not the cause of economic decline. Instead, New York City’s slide into chaos has been ongoing for many years, and Mamdani promises to make things even worse.

Mamdani’s election is not the cause of economic decline. Instead, New York City’s slide into chaos has been ongoing for many years, and Mamdani promises to make things even worse.

This week, Bob walks through three thought experiments to show how expectations of future supply changes ripple into present prices and production decisions in ways that purely mechanical monetary frameworks like MV=PQ can't capture.

With Trump’s crony capitalism, the government taking equity positions in US businesses, and socialists making real inroads in the Democratic Party, it is hard to find defenders of free markets.

Zohran Mamdani’s proposal reflects a growing belief that economic problems can be solved through public ownership and political management. But a grocery store is still a business governed by costs, and economic reality regardless of who owns it.

Buc-ee’s—the roadside travel phenomenon—seems to cater to the extremes in our society. Either customers love shopping at the place or it is yet another symbol of capitalist oppression.

Buc-ee’s—the roadside travel phenomenon—seems to cater to the extremes in our society. Either customers love shopping at the place or it is yet another symbol of capitalist oppression.

Zohran Mamdani’s proposal reflects a growing belief that economic problems can be solved through public ownership and political management. But a grocery store is still a business governed by costs, and economic reality regardless of who owns it.