Economic Education
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All Markets are Sharing Economies
Market prices weave consumers together with each other, and with producers, into a humane and peaceful community of sharers.
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Humility Is Extremely Scarce in Politics
The truth is that when you live, as I do, in Arlington ,Virginia , and work near Washington, D.C., you know all too well that humility is a very scarce commodity.
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The Theory of Perfect Competition Is Wholly Misleading
The theory of perfect competition should be utterly rejected, both as a theory of competition (which it is not) and as offering an appropriate standard against which to judge real-world markets (which it does not).
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The Stock Exchange Demystified
There is an indissoluble link between capitalism and the stock market. Over the long run, stocks will rise when capitalism flourishes and fall when the entrepreneurial spirit wilts. Therefore, a crash is not to blame on the stock market but on the erosion of capitalism that has preceded the collapse.
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I’m Thankful for Division of Labor
The division of labor can be cultivated in a setting with no history of prosperity, and highly productive specialization can be fostered even in people who have no special knowledge or abilities at the outset.
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A Woman’s Right to a Free Market
Women have come a long way. Isn’t it ironic, then, that women’s freedoms are today being constrained by misguided government policies enacted in the name of increasing that freedom? In other words, there are still battles yet to be won and disasters yet to prevent.
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Free Societies Don’t Need the Fed’s Managers
The public discourse concerning the state of the financial system that once took place in trade associations and committees of concerned citizens has disappeared, replaced by a cold and sterile managerialism practiced by an insular and self-perpetuating macroeconomic elite.
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Bohemian Rhapsody Shows That Artists Should Care About Audiences
The wonderful movie based on the life of Freddie Mercury and his band makes a great case that commerce can be and is the friend to art. It has always been so, but we are only now fully coming to terms with what this implies for the artistic endeavor generally.
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Enterprise Should Be Permissionless
If our entrepreneurial innovators had to get permission prior to introducing their innovations, we would still be walking around or perhaps at best riding on the backs of beasts.
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Economic Systems and the Fate of Civilization
Modern democracy suffers from the contradiction that while most citizens mistrust the politicians and the state, and want fewer taxes and less state control, each voter is eager to use their vote in such a way as to get the largest piece of the cake.
-
•
All Markets are Sharing Economies
Market prices weave consumers together with each other, and with producers, into a humane and peaceful community of sharers.
-
•
Humility Is Extremely Scarce in Politics
The truth is that when you live, as I do, in Arlington ,Virginia , and work near Washington, D.C., you know all too well that humility is a very scarce commodity.
-
•
The Theory of Perfect Competition Is Wholly Misleading
The theory of perfect competition should be utterly rejected, both as a theory of competition (which it is not) and as offering an appropriate standard against which to judge real-world markets (which it does not).
-
•
The Stock Exchange Demystified
There is an indissoluble link between capitalism and the stock market. Over the long run, stocks will rise when capitalism flourishes and fall when the entrepreneurial spirit wilts. Therefore, a crash is not to blame on the stock market but on the erosion of capitalism that has preceded the collapse.
-
•
I’m Thankful for Division of Labor
The division of labor can be cultivated in a setting with no history of prosperity, and highly productive specialization can be fostered even in people who have no special knowledge or abilities at the outset.
-
•
A Woman’s Right to a Free Market
Women have come a long way. Isn’t it ironic, then, that women’s freedoms are today being constrained by misguided government policies enacted in the name of increasing that freedom? In other words, there are still battles yet to be won and disasters yet to prevent.
-
•
Free Societies Don’t Need the Fed’s Managers
The public discourse concerning the state of the financial system that once took place in trade associations and committees of concerned citizens has disappeared, replaced by a cold and sterile managerialism practiced by an insular and self-perpetuating macroeconomic elite.
-
•
Bohemian Rhapsody Shows That Artists Should Care About Audiences
The wonderful movie based on the life of Freddie Mercury and his band makes a great case that commerce can be and is the friend to art. It has always been so, but we are only now fully coming to terms with what this implies for the artistic endeavor generally.
-
•
Enterprise Should Be Permissionless
If our entrepreneurial innovators had to get permission prior to introducing their innovations, we would still be walking around or perhaps at best riding on the backs of beasts.
-
•
Economic Systems and the Fate of Civilization
Modern democracy suffers from the contradiction that while most citizens mistrust the politicians and the state, and want fewer taxes and less state control, each voter is eager to use their vote in such a way as to get the largest piece of the cake.