In order to expand production and increase productivity — and thus increase the standard of living — it is necessary to use capital. And so it makes sense to pay interest on capital lent, so as to encourage the maintenance and production of capital for the future.
Scrooge McDuck is the perfect type of a miser: a capitalist-entrepreneur — and the most philanthropic man (duck, I mean) in Duckburg.
In It's a Wonderful Life, George Bailey was right to oppose Old Man Potter. Potter's fondness for the draft board and his attempt to use the DA to crush his adversary shows Potter had little regard for truly voluntary exchange.
Successful entrepreneurial strategy incorporates learning of all types from trial and error. What other choice is there for entrepreneurs, since they are not omniscient or omnipresent in market processes?
As money loses its purchasing power, income and wealth are stealthily redistributed. Some individuals and groups of people are enriched at the expense of others.
Axel Kaiser writes that Chileans’ “advantage is due to an historical accident, which is now coming to an end” and predicted that “Chile will show, in the coming years, that it is nothing more than any other Latin-American country.”
Once upon a time, the president was expected to pay for parties and public relations out of his own pocket. Now we have the Office of the First Lady, so taxpayers can now pay her staff to plan opulent parties for wealthy donors and powerful politicians at the White House.
Our monetary system, combined with interventionist state policies, causes mass overconsumption, the destruction of wealth, capital consumption, and the destruction of nature.
As dismissive as many of us would like to be toward Marx’s thoroughly debunked labor theory of value, it still holds currency among today’s budding socialists.
Politicians are very proud when they can say a proposed program is "paid for." But this only means they've identified their intended victims ahead of time. Naming who will be plundered does not justify plunder.
