Capitalism
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The Essential Ethic of Socialism
“In a socialist regime, I must seek the permission of others — whether state officials or one’s fellow workers — before I serve them in a novel way.” ~ Adam Martin
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How Drug Makers Have Obliterated the Free Market
“Regulatory agencies have allowed the clear legislative intent to limit patent terms to be gamed and exploited, turning a process meant to stimulate competition and market ingenuity into one that’s crushing both.” ~ Brian Garst
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In Defense of Allowing Collusion
“We understand that if markets are to serve consumers as well as possible, entrepreneurs and investors must enjoy wide freedom to experiment with different organizational and contractual arrangements.” ~ Donald J. Boudreaux
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Why Do We Rescue When All Hope Is Lost?
“The desire to dare remains strong in society. And that desire to dare is fostered by a knowledge that others will be there to help when things go wrong.” ~ Anthony Gill
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America Needs More McJobs
“The market process allows low-skill people to specialize in what they do best while freeing up high-skill people who can concentrate their efforts on things they do best. Everybody wins, and in some small way, you have a part in every achievement by every bleary-eyed customer for whom you dutifully pour coffee on their morning…
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I See Dead Policies
“Firms can do anything they want. Just as long as they don’t charge a price that’s more than consumers think they should have to pay, the same as competitors, or less than other firms can match.” ~ Michael Munger
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Happy 300th, Adam Smith!
“He really did help to establish a presumption of liberty—that is, ‘allowing every man to pursue his own interest his own way’ as a presumption.” ~ Daniel B. Klein
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To Consumers, All Costs are Transaction Costs
“Remember, transaction costs are triangulation, transfer, and trust.” ~ Michael Munger
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Do Your Civic Duty and Fill Out the Customer Survey
“Should you spend your time voting, preparing to vote, researching the candidates, and so on? Or should you take five or ten minutes to fill out the customer satisfaction survey that you were emailed after your last flight or hotel stay?” ~ Art Carden
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Cleaned by Capitalism and Soiled by Socialism
“There’s no question that the environment in which modern humans live is immeasurably cleaner, safer, and more pleasant than was the filthy and dangerous environment in which all of our pre-industrial ancestors lived.” ~ Donald J. Boudreaux
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Cable News Likely to “Disappear” Within a Decade (and That’s OK)
“Schumpeter saw there would be a natural impulse to ‘conserve obsolescent industries,’ but he rightly understood this was generally a futile and self-defeating task.” ~Jon Miltimore
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Before Joining the Boycott Bandwagon, Consider This
“We should all be thankful to live in a country where there are plenty of options for beer and bargain buys and that we have the power to vote with our dollars and voice our concerns.” ~ Kimberlee Josephson
