Capitalism  RSS Feed

Elizabeth Warren’s 11 Commandments

Thursday, August 28th, 2014 by posted in Capitalism, Economics, Politics.
warren1 teaser

Reprinted from In a recent speech of which Politico claims absolutely energized the “Progressive” left, Elizabeth Warren laid out her so-called 11 Commandments of Progressivism. In what follows, I will first give Warren’s “commandment,” and then explain how each so-called commandment cannot

1 comment

Want to Hurt Pensioners? Expand Public Pensions

Thursday, August 28th, 2014 by posted in Capitalism.

Ask yourself the following questions. Do you feel as though you have insufficient funds to retire? Would you like to have more money for your retirement? Would you like the government to provide more savings programs or income supports for

No comments yet

The Perfect Banking System

Wednesday, August 27th, 2014 by posted in Banking, Capitalism, Economics.
casino teaser

Reprinted from the Carl Menger Center for the Study of Money and Banking he perfect banking system, like the perfect monetary system, is one which serves the needs of consumers and savers, and not the needs of the government. It

1 comment

IMF: Risk of Another Housing Crash

Wednesday, August 27th, 2014 by posted in Banking, Capitalism, Economics.

The International Monetary Fund is warning that the world is at risk of “another devastating housing crash.” This is true for instance for Australia, Belgium, Canada, Norway and Sweden,” he said. In the wake of the global recession central bankers

No comments yet

World Reserve Currencies: What Happened During Transition?

Tuesday, August 26th, 2014 by posted in Banking, Capitalism, Economics.
dollar-bills_0 teaser

Reprinted from The decline of the US dollar hegemony is ever so clear today and this article aims to provide the reader with what exactly happened during past periods of reserve currency transitions. Historically, when a reserve currency transitioned

No comments yet

Piketty’s Capital: Wrong Theory Destructive Program

Monday, August 25th, 2014 by posted in Capitalism, Economics, History.

This essay is available for sale as a Kindle book on for 99¢. Go to   Prelude to Piketty: The US Government’s Assault on the American Economic System Over the course of several generations, the US government has

No comments yet

Life Without the McDouble

Friday, August 22nd, 2014 by posted in Capitalism, Economics.

Reprinted from The Freeman It thrills me when McDonald’s burgers get the attention they deserve. This happened last year when Stephen Dubner, co-author of Freakonomics, made the provocative statement that the McDouble is the cheapest and most nutritious food in human history. 


Gold versus Fractional Reserves

Thursday, August 21st, 2014 by posted in Banking, Capitalism, Economics.

[This article originally appeared in The Freeman, May 1979.] The present worldwide inflation has done, and will continue to do, immense harm. But it may eventually lead to one great achievement. It may make it possible to restore (or perhaps it

No comments yet

Who Cares for Toronto’s Sidewalks?

Wednesday, August 20th, 2014 by posted in Capitalism, Economics, Environment, Law, Politics, Regulation.

In Toronto an important debate is starting to stir about who controls the sidewalks – the city or the owners of the adjacent properties. Sparking this debate is a bicycle owner, Lisa Ferguson, who thought her bike was stolen when

No comments yet

World War One and the End of the Bourgeois Century

Wednesday, August 20th, 2014 by posted in Capitalism, Civil Liberties, Economics, History.

Reprinted from Last week (two weeks ago – ed. note) marked the 100 Anniversary of the beginning of World War I. That war, which produced over 37 million casualties, not counting the related famines and epidemics that came in the

No comments yet

Does Sexism Explain Dry Cleaning Prices?

Tuesday, August 19th, 2014 by posted in Capitalism, Economics.
Dry Cleaner

A recent Vox article claimed in its title: “Dry cleaners charge women more, and it matters more than you realize.” Yet as with most of these analyses, the discussion ignores basic principles of economics. Rather than viewing an initially surprising


Argentina – the Economic Backdrop to the Default

Tuesday, August 19th, 2014 by posted in Capitalism, History.

Reprinted from The Default is a Minor Problem – Argentina’s Real Problem is Something Else Entirely By now it is well known that Argentina has been declared in default by the major credit rating agencies. This has happened in

No comments yet

Low Interest Rates Harm Everyone

Monday, August 18th, 2014 by posted in Banking, Capitalism, Economics.

It’s not just poor pensioners who are harmed by central banks’ ultra-low interest rate targets. Governments are now also getting squeezed. Pension plans like social security rely on, historically, fixed-income investments to provide returns for the future payouts. With interest

No comments yet

Elizabeth Warren and the 11 Commandments of Progressive Statism

Monday, August 18th, 2014 by posted in Capitalism, Economics.

Reprinted from Elizabeth Warren has become a true “rock star” among American Progressives, and especially among the hard-left wing of the Democratic Party, which would love for her to run for President of the United States as a candidate

No comments yet

Debunking Piketty’s Capital with George Reisman

Saturday, August 16th, 2014 by posted in Capitalism, Economics.

John O’Donnell and special guest George Reisman discuss Piketty’s new book Capitol in the Twenty-First Century. They discuss Reisman’s recent review of the book entitled Wrong Theory/Destructive Program. They also discuss education and its lack of substance in the U.S.

No comments yet

Mrs. Thatcher’s Poll Tax

Friday, August 15th, 2014 by posted in Capitalism, History, Politics.
thatcher teaser

[This article is featured in chapter 62 of Making Economic Sense by Murray Rothbard and originally appeared in the June, 1990 edition of The Free Market] Riots in the streets; protest against a hated government; cops arresting protesters. A familiar story these days.

No comments yet

The Amazing Crash in Clothing Prices

Thursday, August 14th, 2014 by posted in Capitalism, Economics.
clothing teaser

Reprinted I was out shopping for a new winter coat, hopping from store to store looking for a good deal. To my astonishment, it was almost impossible not to find a good deal. Coats of a quality that once

No comments yet

The State’s Worst Atrocity

Wednesday, August 13th, 2014 by posted in Capitalism, Foreign Policy, History.
british-trench teaser

Reprinted from “The lamps are going out all over Europe,” Sir Edward Grey famously said on the eve of World War I. “We shall not see them lit again in our lifetime.” It was 100 years ago this week

No comments yet

Fighting Fires

Friday, August 8th, 2014 by posted in Capitalism, Economics.
Forest-Fire teaser

Reprinted from According to Terry L. Anderson and Daniel Botkin, “Fighting Western Fires with Economics” is a good idea. Were I writing an essay with this title, I would emphasize the role of private property rights. If all forests

No comments yet

How the Surge of Hot Money Pushes San Francisco to the Brink

Thursday, August 7th, 2014 by posted in Banking, Capitalism.
DowntownSF teaser

Reprinted from Wolf Street The median home price in my beloved and crazy San Francisco – that’s for a no-view two-bedroom apartment in an older building in a so-so area – after rising 13.3% from a year ago, hit an ultra-cool,

1 comment