China is a lesson for those in the West that see China’s rising interventionism as a good idea. Political interventionism means bad capital allocation, worse job creation, and the worst type of inequality, the one that is politically driven.
When we think in terms of the foundational law of property, it's clear that broad charges of aggression through infection are spurious at best.
Fear of China and Iran, combined with the more practical desire for continued “free” money from the federal government, will continue to fuel opposition to any serious movement toward secession.
The capital gains tax cuts off start-ups and smaller entrepreneurs from access to flows of capital. The tax makes society more wasteful, less innovative, and less dynamic.
The collapse of the monetary order in 1971 reflected the massive dislocations and malinvestment of resources that ultimately turned the decade into one crisis after another. Keynesians are doing something similar today.
"The state cannot intervene in the economic affairs of society without building up its coercive machinery, and that, after all, is militarism. Power is the correlative of politics." ~Frank Chodorov
While it’s easy to fixate on the handful of success stories, the litany of government innovation failures should be enough to sober up even the most enthusiastic proponent of state-backed entrepreneurship.
Faced with countless demographic, economic, and strategic problems, China is more likely to collapse than take over the world.
Hoppe lays out the nature and role of private property in human relations and the flawed concept of public property.
In a developed economy, the satisfaction of desires can be obtained not only by goods in use, but also by goods in exchange.
