No capitalist gets our money unless we voluntarily choose to exchange it for whatever he’s selling. As Mitchell puts it, “Capitalism is the only system that gives people the liberty to make their own choices.”
Free markets increase total wealth. Competition encourages entrepreneurs to find new ways to release more value from both people and resources. Because capitalism is voluntary and consumers have choices, the only way capitalists can get rich is to offer us something that we believe is better than we had before. That creates new wealth.
Telling Guatemalans or anyone else “Do not come” is no different from telling them to stay in the place where they belong. The long-suffering victims of tyranny, corruption, and government planning are properly resentful of American officials who give them such a condescending admonition.
To better understand the nature of government, one can think of it as an agency that sells or, more precisely, rents power to others. The greater the power and the wider its scope, the more opportunities the state’s agents will have to sell access to it in return for favors.
According to the US Bureau of Labor Statistics, teen labor force participation plummeted from a high of 57.9 percent in 1979 to just 34.1 percent in 2011. Part of this decline is related to more emphasis on academics, extracurricular activities, and other structured programming for adolescents. But public policy may also be to blame.
When regulation is out of control, deregulation is the obvious remedy. And discrimination law really is out of control.
Why homeschoolers often stand out on the job market.
If you’re going to tolerate politicians, and a political government for them to operate in, what should they be allowed to do? Not much.
At some point, we’ll need to bring in our craft, and refine. Edit, toss out, and discern. But not when we’re creating — let that be free and abundant and open!
The continuing COVID-19 overreactions of New Mexico’s politicians mean I’ve spent much less time and money in New Mexico than I would have normally. Why would I go where businesses are either closed or operating with restricted capacity when I have other options? I prefer to go where businesses can decide whether they’ll force customers to wear a mask, rather than where a one-size-fits-all mandate declares businesses aren’t allowed to decide for themselves.