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.
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.
When the Israeli government describes the conflict over the Sheikh Jarrah neighborhood of East Jerusalem as just a “real-estate dispute,” it has a point.
Why homeschoolers often stand out on the job market.
Elon Musk is a man of many skills. He didn’t just make electric cars sexy, he sent one to space. Perhaps chief among his talents is the ability to roil markets by running his mouth. Lately, he’s aimed that talent at cryptocurrency.
Congress passed the $2.2 trillion HEROES Act. House Democrats said it gives money to “governments who desperately need funds.” But it also gives lots of money to people who don’t need funds.
Nearly one year to the day after the original Harvard Magazine article appeared, a new Harvard piece profiled Professor Bartholet. Her opinions remain unchanged. If anything, she has doubled down on her belief that the government must be heavily involved in child rearing and education.
In recent years I have been becoming increasingly interested in and excited about the prospect of people exploring and colonizing the planet Mars. A friend asked me recently about what I find so compelling about this idea, and I thought that I’d elaborate some on it here.
What I’m going to say about Chandran Kukathas’s latest book, Immigration and Freedom, does not constitute a book review. Think of it instead as a book alert. Even having read only the preface and a couple of chapters, I am confident it is a book that fans of liberty will be interested in. You can tell by the title.
When right-wing leader Sen. Josh Hawley (R-MO) recently declared that “liberty and monopoly do not go together,” I fantasized that he had become a free-market anarchist. When I hear monopoly, I think government because what’s the most literal of monopolies (or source of monopoly power) than the state?