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The number of faults that have been alleged against capitalism are without limit. Few have any merit.
Free MarketsU.S. EconomyInterventionism
This immense cooperative system is known as a free-market economy. It was not consciously planned by anybody. It evolved.
Free MarketsLegal SystemPolitical Theory
This is the fruit of free labor. It is able to create more wealth for everyone than slave labor once provided for the masters.
Free MarketsWorld HistoryInterventionismPolitical Theory
Democratic socialism in Britain in the late 1940s brought a wave of shortages with rations falling even below WWII standards.
Should the government impose its own standards for certification for physicians? The short answer is "no."
Big GovernmentFree MarketsInterventionism
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.
Big GovernmentFree MarketsU.S. History
Is government spending on infrastructure less of a misallocation than other spending?
Free MarketsPolitical Theory
Every now and then, I get a letter from a reader that is full of great observations. Here is one of them:
Laissez faire means: Let the common man choose and act; do not force him to yield to a dictator.
Nine cities in Romania rank in the top 15 in the world with the highest speed of Internet connection. According to Bernie Sanders, this is "unacceptable and must change."