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Claims that market arrangements involve the unethical “using” of others are of lengthy pedigree. But they are also of questionable merit.
Philosophy and MethodologyPraxeology
If you say to someone that he won’t get what he is aiming for by using the means he has chosen, you aren’t making a value judgment yourself. You are making a strictly scientific statement.
Matt Spivey continues the pioneering work of Paul Cantor and Stephen Cox in bringing sound economics to the analysis of literature.
InflationMoney and BanksOther Schools of Thought
No, “societal” value is not what you want or think is good, and “we” are not a homogenous entity of observable, aggregated preferences.
By abolishing private ownership for production goods, socialism abolishes the market for them, and makes it impossible for market prices to emerge and for costs of production to be computed
The brutal rejection of capitalism in favor of socialism by African politicians at independence was largely due to a deep-seated misconception that equates capitalism to colonialism.
Bureaucracy and Regulation
The new "right to repair" measure on the ballot in Massachusetts has very little to do with rights, and a lot to do with new costly and bureaucratic mandates on automakers.
Changes in money supply and liquidity are not the same thing.