Should free-market advocates applaud the deal Donald Trump brokered to keep some Carrier jobs from being transferred to Mexico? I believe the right answer is no.
Tag: business
Trump Sends Property Rights Up in Flames
Alongside of Catholicism and Protestantism, the primary religion in the United States is not Islam or Judaism but the American civic religion. The Pledge of Allegiance is the creed of this religion and the American flag is its chief symbol. In the American civic religion, the worst sin that an American can commit is to refuse to pledge allegiance to the flag or to desecrate it. Federal law contains numerous provisions regarding the use, handling, display, and disposal of the flag. After some college students recently burned American flags on their campuses, President-elect Donald Trump tweeted, “Nobody should be allowed to burn the American flag — if they do, there must be consequences — perhaps loss of citizenship or year in jail!”
Change Change Change
Today, we are again in the midst of a sea of change. It appears to this old geezer that the “generation gap” is stronger than ever, as younger and older folks have rather different mindsets on many issues.
Entrepreneurship in Cuba
Will entrepreneurship flourish in Cuba, and will it bring the same increases in the quality of life as elsewhere in the world? I am cautiously optimistic.
News Fakery
With all the attention paid to “fake news,” it is well to remember that an astonishingly large amount of news is, if not outright fakery, of very low quality. Michael Chrichton lamented this in his Why Speculate? speech.
How Work Became Drudgery Once Again
Young people, college graduates especially, are not feeling hopeful about their careers. Mired in student loan debt, facing a labor market that has been stagnant for as long as they can remember, and deciding between a job where they’ll be miserable and moving back in with their parents, millennials have grown skeptical toward market capitalism. Yet, if they looked at the history of the matter, they would be amazed how far we’ve strayed from a free market in labor in the past century. Their plight is not due to economic freedom, but to a century of centralized efforts to regiment and regulate the labor market and the very mind and soul of the worker.
Trump’s Tactic Is Certain to Create Regime Uncertainty
The president’s actions might capture media attention and create the impression that he is going to bat to protect threatened jobs, but the visible effects of such random blundering about will be tiny in comparison with the far-reaching effects on corporate managers and owners across the board, because such selective intervention in the details of companies’ operations epitomizes the kind of action by which governments create what I have called regime uncertainty—a pervasive fear that existing private property rights in one’s property and the income the property yields will be attenuated or destroyed by unpredictable changes in government taxation, regulation, or other action.
Black Friday Is The Crowning Achievement Of Capitalism
Many people enjoy looking down upon other people who choose to partake in the Black Friday sales. This is a tragic reflection of supercilious conceit that some who earn more currency have for those who earn less. It is an unnecessary and thoroughly harmful abhorrence of those who seek to enrich their lives through purchasing…
What Poker Can Teach You About Life
I know a lot of people shun gambling and card playing, but there are some valuable lessons that can be learned from poker. I find that playing a few rounds can be rather educational. Of course, I’m not suggesting that people take their mortgage payments to Vegas in hopes of coming back rich. This is just a list of a few life lessons that poker (specifically No Limit Texas Hold’em) can teach to those who are paying attention.
Monetary System: Currency vs. Money, & Hyperinflation
Natural currency is that which is chosen by free and peaceful people to interact in. It is chosen because it has been demonstrated to be of superior value as compared with currencies of the past. The value of currency is its ability to lubricate transactions and facilitate trade. When it no longer effectively serves this function it must and will be summarily abandoned and replaced with a better alternative.