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.
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.
There are four primary reasons that free, universal preschool should be vigorously opposed.
By Leo Babauta Most of the people I know and work with want a life of meaning and purpose, not a life where we just get by … A well lived life, that feels meaningful. But this isn’t taught in schools, and most of us feel completely unsure of how to move towards this. I’m […]
Louis XIV had hundreds of servants who prepared him dinner. Today, my supermarket offers me a buffet Louis XIV couldn’t imagine. Thanks to trade and property rights and markets, each of us lives as if we had more servants than kings. We also live longer.
People who seek to rule over and control others learned long ago that controlling money and trade is the best way to do it. On a global level, there are open conspiracies among controlling interests that go about doing just that.
In 1943, as collectivist policies were ascendant, an extraordinary thing happened. Three women published three books that year that would jolt Americans from their socialist stupor and remind them of the fundamental American values of individual liberty, limited government, free-market capitalism, and entrepreneurship. This Women’s History Month is an ideal time to reflect on how Rose Wilder Lane, Isabel Paterson, and Ayn Rand helped to catalyze the 20th century libertarian movement.
Last week, I reported on two myths about socialism. My new video covers three more.