18 Hayek Quotes That Show the Importance of Liberty
May 8th marked Friedrich Hayek’s birthday. Called “the most prodigious classical liberal scholar of the 20th century,” Milton Friedman explained […]
Business & Economics
The Separation of Business and Politics
A friend pointed me to this piece published by Business Insider. Apparently, here Nobel Laureate Joe Stiglitz* explains that fellow Nobel Laureate Milton […]
Marx’s Defenders Should Explain Why His Ideas Never Actually Work
This week will mark the 200th birthday of Karl Marx. It will be an occasion for a deluge of articles […]
Amazon Should Stick to Capitalism and Avoid the Crony Game
I explained back in 2013 that there is a big difference between being pro-market and being pro-business. Pro-market is a belief in […]
Bernie Sanders Doesn’t Understand How Jobs Are Created
There is a great deal of wisdom in the old saying, “there is no such thing as a free lunch.” […]
When iPads Replace Waiters
Because of the rising minimum wage, many fast food restaurants in the US, Canada, and Europe have started using self-service […]
Mirror, Mirror, on the Wall, Where Are Workers Pillaged Worst of All?
Congratulations to Belgium. According to the new edition of Taxing Wages, average Belgian workers have the dubious honor of surrendering the […]
To Accelerate Your Career, Form a Mastermind Group
“No two minds ever come together without thereby creating a third, invisible intangible force, which may be likened to a […]
Finland Ends Its Experiment with Universal Basic Income
I’m conflicted. I’ve repeatedly expressed skepticism about the idea of governments providing a “basic income” because I fear the work ethic will […]
Pope Francis Is Mistaken about Free Markets
Meeting with global-finance students recently at the Chartreux Institute in Lyon, France, Pope Francis warned them “to remain free from […]
Consumer Protection Doesn’t Require Government Intervention
Capitalism is a wondrous human institution for the mutual betterment for all in society. Yet, critics often insist that market […]
Free Trade Is the Best Policy, No Matter What
Today’s quotation of the day is from Albert Gallatin’s January 1832 essay, “Memorial of the Committee of the Free Trade […]
Creativity and Competition Are the Heart of Capitalism
Market competition is at the heart of the capitalist system. It serves as the driving force for creative innovation, the […]
The Cronyism behind Your Contact Lenses
Nothing is as frustrating than not being able to see. According to the The Vision Council Research (2015), 76 percent of […]
A Modern Day Candlemaker’s Petition
In 1845, during a period when there was a rising tide of protectionism in France, the French economist Frederic Bastiat […]
What Twitter considers sensitive content; decide for yourself.
Twitter Moment that Twitter will not let you see. Here is what Twitter says when you visit the link: “This […]