"Wasteful" spending by the very wealthy is experimentation that eventually allows millions to enjoy the fruits of innovation.
Tocqueville warned that freedom can erode not by force, but through the quiet surrender of responsibility.
By far the most effective growth policy is "leave people alone." And busybodies — left and right — don't want to hear that.
For staunch anti-capitalists, "disappearing" Chinese CEOs is easier than admitting that businesses encounter failure and loss.
Mark Carney, an economist who served as the central banker of two G7 countries, is now the prime minister of Canada.
Gaining success in unlocking the secrets of science, many have sought to engineer human ethics to produce a preferred outcome. The actual outcome of such human manipulation is, inevitably, disaster.
Planners who want to 'perfect' society often resort to coercion to impose their preferred outcomes. The result has been unthinkable government violence and cruelty.
Technical minds discarded the humanities and attempted to reengineer, from a position of central authority, all human relationships.