Working hard is a good thing, but it can only lead to high levels of wealth when combined with capital accumulation and entrepreneurship.
Money and BanksMoney and Banking
Markets respond with price changes to eliminate money surpluses and money deficits.
Big GovernmentThe EnvironmentTaxes and Spending
The media is using the recent National Climate Assessment to warn about the "cost of inaction" on climate change. Here's what they miss.
Latin Christendom was a single civilization that was at the same time radically decentralized. It was therefore more wealthy and free than other civilizations found in Russia, China, and within Islam.
Recessions emerge when the central bank reverses its loose monetary stance. But the seeds of recession were sown earlier by private lending practices that grew out of central-bank money creation.
Silicon Valley is allured by the prospect of state privilege and has worked to cultivate it like every other crony entity in the U.S.
In the event of a global slowdown or recession, Europe would be in a particularly dangerous situation.
In line with Nazi economic totalitarianism overall, the National Socialists took total control of German agricultural while leaving in place an ersatz form of private ownership.