Capitalism  RSS Feed

Can a Leopard Change Its Spots?

Monday, July 21st, 2014 by posted in Capitalism, Politics, Regulation.
Leopard_Spots_Wallpaper_0e3rx

Last month an article entitled “The Lack of Major Wars May Be Hurting Economic Growth” was published in the New York Times. On first glance I thought the author, Tyler Cowen, was going to offer a standard argument for increased

No comments yet

How Smugglers Made America

Monday, July 21st, 2014 by posted in Capitalism, Economics, War on Drugs.
border teaser

Reprinted from Mises.org [Smuggler Nation: How Illicit Trade Made America by Peter Andreas, Oxford University Press, 2013.] Whenever I receive a book to review that is written by some hotshot ivy leaguer, I brace myself for all the deception and tomfoolery

No comments yet

Snitches and the State

Thursday, July 17th, 2014 by posted in Capitalism, Economics, Law.
shh

Former U.S. Congressman Barney Frank once described government as “the name we give to things we choose to do together.” It’s an innocuous-sounding phrase that provides fuel to progressives who want to use state authority against heretics of their liberal

No comments yet

When Steelers Steal

Thursday, July 17th, 2014 by posted in Capitalism, Economics.
steel teaser

Reprinted from Mises.org In Alabama last week, an estimated 900 union reps, politicians, local business owners, and their families rallied to raise awareness of supposed steel import dumping and how it threatens their way of life. They have a point. When a

No comments yet

The Treaty That Wall Street Wrote

Wednesday, July 16th, 2014 by posted in Banking, Capitalism, History, Politics.
Ship-At-Panama-Canal-1 teaser

[From Inquiry (1977); reprinted in Wall Street, Banks, and American Foreign Policy (1995).] Reprinted from Mises.org The Panama Canal question has already established itself as the hottest political issue for the coming year. Ronald Reagan, who almost rode to the Republican nomination last year on

No comments yet

The Power and Glory of M&Ms

Tuesday, July 15th, 2014 by posted in Capitalism, Economics, History.
mms teaser

Reprinted from Liberty.me When we think of America’s greatest achievements — Hollywood, jazz, TexMex — we too often leave out what the 21st century may eventually reveal to be the greatest of all: M&M candies. How many times have you

2 comments

The “Free” Market in Marijuana

Monday, July 14th, 2014 by posted in Capitalism, Civil Liberties, Economics, War on Drugs.

Washington may have recently become the second State to legalize marijuana sales, but that doesn’t mean selling weed has gotten any easier. A myriad of regulations have all but frozen some willing entrepreneurs into a state of inaction, fearful of

No comments yet

How Great a Deal was the Louisiana Purchase?

Monday, July 14th, 2014 by posted in Capitalism, Economics.

Over at the Mises Institute, I recently tackled the problem of how good a deal several of America’s historical land purchases have been. While the cases of the Louisiana or Alaska purchases have gone down in history as demonstrating great

No comments yet

The Importance of Capital Accumulation for Economic Growth

Friday, July 11th, 2014 by posted in Capitalism, Economics.
Tom_Hanks_Cast_Away

I’m at FreedomFest with Mises Canada. Earlier today I watched a panel and one of the participants–George Gilder–in the midst of a very impressive set of remarks made an offhand comment that is actually quite wrong. I am bringing this

2 comments

College is Expensive Because High School is a Failure

Friday, July 11th, 2014 by posted in Capitalism, Economics, Education.
collegeclassroom teaser

It is easy to bemoan some prices for being too high. Economists, good economists at least, don’t take this tack. One of the great lessons in economics is that there is no such thing as a good (low) price or

6 comments

The Ethics of Entrepreneurship and Profit

Tuesday, July 8th, 2014 by posted in Capitalism, Law, Philosophy.
construction site teaser

Reprinted from LewRockwell.com In the most fundamental sense we are all, with each of our actions, always and invariably profit-seeking entrepreneurs. Whenever we act, we employ some physical means (things valued as goods) – at a minimum our body and

No comments yet

How to Fight the Ex-Im Bank

Monday, July 7th, 2014 by posted in Capitalism, Economics.
exportimportbank

In politics, words can be dangerous weapons. The terms we use can either accurately or inaccurately reflect what the government is up to. George Orwell understood this better than anyone, and his essay “Politics and the English Language” is a

No comments yet

On Anarchic Reinforcement

Monday, July 7th, 2014 by posted in Capitalism, Economics, Law.
london

In rebuttal to “Is It a Contradiction?“ Mr. Bulbasaur does not, so far as I can see, offer an argument for his claim that anarchy and capitalism are mutually incompatible. Whether they are required careful analysis, not name-calling and bluster.

No comments yet

Central Planning by Central Bankers

Monday, July 7th, 2014 by posted in Banking, Capitalism, Economics.
federalresrve teaser

Reprinted from GaryNorth.com One of the problems that anyone who is critical of the Federal Reserve System faces is the fact that he is regarded as someone without any expertise in the area of money and banking. In a 2009

1 comment

Is It a Contradiction?

Saturday, July 5th, 2014 by posted in Capitalism, Philosophy, Politics.
painting

Is anarcho-capitalism a contradiction? Neoreactionary writer “Bulbasaur” seems to believe so. In a recent post at the “The Right Stuff” blog, he contends that anarchy and capitalism are always at odds with one another. He issues some deserved criticism at

1 comment

Whiskey: For Drinking or Hoarding?

Thursday, July 3rd, 2014 by posted in Banking, Capitalism, Economics.
whiskey teaser

Reprinted from Casey Research A comedian quipped a few years ago, “You might be a redneck if your 401(k) is invested in NASCAR decanters.” When cheap money creates bubbles, suddenly the absurd become investment strategies. Whiskey, for instance, isn’t just

No comments yet

Living Like a Refugee

Tuesday, July 1st, 2014 by posted in Capitalism, Regulation.
Waiting-in-Airport teaser

Reprinted from Liberty.me For one evening, I was the most valuable person in the world. About 10 people regarded me this way, in any case. They were 10 among five hundred of my fellow refugees, sleeping on cots under bright

No comments yet

A Plutocrat for Poverty

Monday, June 30th, 2014 by posted in Capitalism, Economics.
nick_hanauer_lg

In America, and to a certain extent in Canada, rich businessmen are seen as savvy at their craft. After building an empire of wealth, it’s hard to challenge a successful person’s view of market economies. Business owners have to make

3 comments

European “Champion” or European “Crony Capitalist”?

Friday, June 27th, 2014 by posted in Capitalism, Politics.

From today’s Open Europe news summary: Following the failed merger of Siemens and Alstom, which eventually joined with General Electric, France is reportedly pushing for an easing of the EU’s antitrust rules to allow the creation of European “champions”.  WSJ

No comments yet

Why Imagining Freedom is Essential

Friday, June 27th, 2014 by posted in Capitalism, Economics, Philosophy.
cityskyline teaser

Reprinted from Liberty.me “What are you complaining about all the time?” people sometimes ask me. “I’m just about as free as I want to be.” Here’s the problem. How can we really know what we want if we’ve never had

No comments yet