Those who advocate equality of income distribution overlook the most important point, namely, that the total available for distribution, the annual product of social labor, is not independent of the manner in which it is divided.
Truly cohesive communities can only exist on a relatively small scale. Most people outside these groups will then be seen as "outsiders." Our goal must be to minimize conflicts with these outsiders, and voluntary exchange is our best option.
In his children's book on life under the Stalin cult, Breaking Stalin's Nose, author Eugene Yelchin examines a child's encounter of the difference between propaganda and reality.
The capital city of NATO and the European Parliament, the city of Brussels is a prime target for the radicals that the elites of Brussels and Washington helped create.
If allowing markets to operate represents an "ideology" to most people, so be it. I would argue that markets represent a lack of ideology. More importantly, markets provide far and away the most practical approaches to difficult problems like terrorism.
Simple Janet should have the decency to resign.
For the Republican elites, it probably seemed like business as usual when the 2016 primary election started. But in a country where people are truly worried about their economic future, the old rules don't apply.
Studies of the improving Cuban culinary scene after Fidel Castro's stepping down from power reminds us of how socialism actually impoverished the people by making their mundane, ordinary lives much more difficult to live.
In February, the money supply fell slightly, but remains steady thanks to a continued influx of Treasury deposits at the Fed.
In the Fed’s desperation to hold off the coming pain, will Yellen start listening to Ben Bernanke and embrace the absurdity of negative interest rates? We are already seeing the consequences of such policy play out in Switzerland, Germany, and Japan.
