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Bureaucracy and RegulationTaxes and Spending
China's industrial policy has been marked by many failures and few successes. Rather, China's real growth has been fueled by the regime's limited turn to markets.
Further, if solidarity is a value, why can’t the common enterprise be that people in a society share a commitment to the free market? Or is solidarity only good when people jointly do things socialists like?
War and Foreign Policy
If fairness is a concern, there’s an easy way to achieve fairness on this issue: abolish the Selective Service for everybody. It’s as easy as that. It wouldn’t even cost a dime of taxpayer money.
Money and Banks
Data analysis can establish some information about correlations. But good thinking about causation only comes from sound logical economic theory.
As inflation becomes more obvious, governments will be blaming businesses for causing the inflation that policymakers have fueled. This is a step on the way to price controls.
The example of England in the Industrial Revolution suggests enormous amounts of innovation and growth can be achieved even without high levels of education among the general population.
Booms and Busts
It will come as yesterday's news that the speculator is perennially under attack by the social justice warriors. Yet speculators serve a crucial and valuable role in surviving economic disasters.
Philosophy and Methodology
Isn’t a principle of nonaggression against others another way of stating the self-ownership principle? "Not necessarily," says the insightful philosopher Chandran Kukathas.