Capitalism
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Will Social Security Go Bankrupt?
“Where are we now? Is Social Security going bankrupt? Not literally, since bankruptcy law does not apply to government agencies or programs. But it is unquestionably true that Social Security is headed for a fiscal calamity.” ~ Warren Gibson
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The Recovery Has Begun, Ahead of Schedule
“Taken together, the most recent jobs report suggests we could see output recover to 90% or more by the end of August. That’s great news. But a complete recovery might take much longer than that.” ~ William J. Luther
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How LockDowns Shattered the Structure of Production
“Fully lifting government restrictions and restraints will see people, once again, willingly demanding all the goods they want when they are at liberty to freely work and earn, to supply and demand, once more.” ~ Richard M. Ebeling
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Japan’s Three Decades of Depressive Stimulus Schemes
“The U.S. and Japan are old welfare states that can’t afford what they’re doing; nonetheless, their politicians can’t seem to succeed electorally without persisting in their profligacy. Japan’s history signals the likely outcome for copycats: prolonged stagnation.” Richard M. Salsman
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What We Can Learn from Other Bear Markets Since the Late Sixties
“The fiscal spigot of government largesse is more arbitrary; it will require a deeper understanding of corporate value to separate the wheat from the chaff. Sadly, markets will be no freer but they may, at least, be untethered from the coattails of the Fed.” ~ Colin Lloyd
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You Can Stop Rio Tinto Mining…By Paying For It!
“To prevent a mining company from using land sacred to someone else, there exists a payment of money such that the conflict can be resolved. You just have to find it, negotiate it, raise the money – and pay. In the age of vast crowdsourcing and rapid information, that shouldn’t be much of a problem.”…
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As Trust Withers, So Will Humanity’s Progress
“Government is tearing asunder a network of human relationships, a network of exchange fueled by love and trust. For the sake of humanity, by our choices, we must put it back together by our uncoerced and mutual regard for people.” ~ Barry Brownstein
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Dear Nail-Biting Lockdown Lovers: Capitalism Makes Your Choice Possible
“All you nail-biting lockdown lovers can’t have it both ways. You can’t demand strict sheltering-in-place while also lamenting soaring billionaire net worth; that is, unless you think you could have easily quarantined in 2000. In which case you’re not just self-righteous, you’re also dishonest.” ~ John Tamny
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Financial Markets Work Without Coercion
“Coercion is sure to diminish the positive contributions that financial markets make to the larger economy. Even worse, such coercion would violate the rights of the property owners whose voluntary choices give rise to financial markets.” ~ Donald Boudreaux
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Liberalism Was Born and Grew During Centuries of Pandemics
“Liberalism, as we know it today, was formed not in recent times of peace and prosperity, but in the crucible of the 1600s and 1700s. Indeed, some authors trace liberalism’s roots all the way back to the fall of the Roman Empire.” ~ Jon Murphy
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Local Charity Is the Best Charity in the Time of COVID
If you feel compelled to help others, leverage your local knowledge. Understand that the free market historically has been one of the greatest deliverers of social welfare in human history.
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Capitalism Is Still Working, Thank Goodness
Economists rarely get to run field experiments for the whole economy. And thank goodness for that, because field experiments can be very damaging. But the coronavirus that every American has been dealing with for the last month has given us as close to a field experiment as we’re ever likely to get.
