Consumers are indeed sovereign, but the reason consumers can exercise their sovereignty is that entrepreneurs have already borne the uncertainty of production to make the goods available for purchase.
Decentralized decision-making is critically important in potential emergency situations, because only property owners have the skin in the game that that forces people to think long and hard about the consequences and side effects of their actions.
To Francis, the common good dictates we lock down the globe, jeopardizing the future of the young, the livelihood of the working class, and condemning countless kids to a life of mental distress.
Like never before, we are threatened by a terrifying axis of a left-controlled government and proudly progressive corporate power. To build a better future, we will have to build institutions grounded in merit and truth.
Mass hysteria is possible in a free society, but there are self-correcting mechanisms and the harm such hysteria may inflict is limited by the enforcement of private property rights.
In the much-hyped Pfizer study, there were more hospitalizations in the control group than in the vaccine group, but the numbers were too small to be statistically significant.
"Wage slavery" isn't real, but under an interventionist regime, many are compelled to go into wage work when they would have chosen another path in an unhampered market.
Walter Williams believed free markets provided the best way for humans—and especially people born on lower rungs of the economic ladder—to advance materially and in other ways, too.
