All economic and political systems involve competition over scarce resources. So it's wrong to say competition is the distinguishing characteristic of capitalism.
Government spending doesn't create wealth. It destroys wealth.
BiographiesMedia and Culture
The Gilets Jaunes are a crisis for the French state, and it remains to be seen if the French leviathan will use it to expand their powers.
The real value of saving is found in how much it supports and sustains the individuals who are engaged in various stages of production.
Marginal tax rates in the 1950s and 1960s don't reflect how much wealthy taxpayers actually paid in taxes. They paid far less than Alexandria Ocasio-Cortez thinks.
Money and BanksMoney and Banking
There is no such a thing as insufficient demand as such. An individual’s demand is constrained by his or her ability to produce goods.