Capitalism
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If Trump Were Serious About Making America Great Again, He Would Have Done This
“If Trump is serious about making America Great Again, he will, on his way out, do the right thing and make sure Santa Claus never threatens our airspace or our borders ever again.” ~ Art Carden
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Not the “Entrepreneurial State”
“Mazzucato describes herself as a fighter in a ‘discursive battle.’ Indeed. But if she wins the ‘battle’ in people’s minds about how innovation and markets work, we will retreat from the Great Enrichment, 1800 to the present, and the bettering of the wretched of the earth. Let’s not.” ~ “Deirdre Nansen McCloskey & Alberto Mingardi
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Unmasking Paul Krugman’s Misrepresentation of Ayn Rand
“Ayn Rand’s way of individual freedom and free markets, at the end of the day, is the better one to be concerned about for saving lives in the face of the coronavirus, while the real killer in all this has been and is the misguided and harmful political paternalism for which Paul Krugman keeps so…
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Walmart’s “Buy American” Commitment Won’t Make America Great Again
“In its almost sixty years of existence, Walmart has revolutionized American retail and raised American standards of living by innovating in shipping, selling, and shopping. They certainly have the potential to continue doing so–but paying extra for stuff just because it was produced in the United States won’t help them or their customers in the…
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A Much Needed Reminder About Life in the Soviet Union: The Strange World of Ivan Ivanov
“The book reminds us why such principles are so important and highlight the drastic extremes humans are capable of. The extent of which we are capable of creating a society characterized by freedom and prosperity or arbitrary domination and despair. In times like these, with freedom under siege from every angle, a book like this…
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Woke Financial Crisis Part Deux
“Ideologues can claim that mathematics is merely a human construct but there really is a real world out there. It has bitten us in the keister before and appears poised to do so again, just for ignoring it. Maybe we should all wake up.” ~ Robert E. Wright
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The Formula for a Richer World? Equality, Liberty, Justice.
“Ideas are not all sweet, of course. Fascism, racism, eugenics, and nationalism are ideas with alarming recent popularity. But sweet practical ideas for profitable technologies and institutions, and the liberal idea that allowed ordinary people for the first time to have a go, caused the Great Enrichment. We need to inspirit masses of people, not…
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Milton Friedman and the New Attack on Freedom to Choose
“If the paternalistic policies and the ideological arrogance and intolerance behind these counterrevolutionaries against freedom and the free market fully prevail, the liberty that we still possess will be even more greatly curtailed than at present, as those who call for the ‘social responsibility’ of business restrict our remaining freedom to choose.” ~ Richard M.…
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Should Scott Atlas Sue His Detractors?
” Scott Atlas has a strong case that his old colleagues played fast and loose with his professional reputation for purely political reasons. If the courts get involved and decide against the signers of this document, I won’t shed too many tears for their free speech rights: after all, the upshot of their letter is…
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A Comment on the New History of Capitalism
“Much of the current debate revolves around an emergent historiographical school. Usually referred to as the ‘New History of Capitalism’ (NHC), this school has produced a sizable body of research contending that the institution of slavery was a central building block of American capitalism. At the same time however, the NHC literature has come under…
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Celebrate Entrepreneurs, Don’t Guillotine Them
“The key to getting wealthy in a capitalistic society is to produce something so valuable that millions of people want to trade for it.” ~ Raymond C. Niles
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Profit and Loss and Mr. Biden
“Sound bites may be good for political harangues but they are never enough for true understanding. Dissing profits is misleading if no distinction is made between consumer-driven competitive profits and crony-capitalist ones, or if losses are overlooked.” ~ Warren C. Gibson
