Daily Economy
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Create Socialism Over One Product, Then We’ll Talk
If socialism can’t be made to work in such a small and simple case like this, why would one think that all these problems would go away once you expand the idea of common ownership to the whole of society and all existing goods?
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Markets Specialize in Finding and Fixing Failure
When any particular outcome emerges from the market process that is not suitable for market participants, the market will adjust and, sooner or later, produce another, better outcome. By contrast, government failures are rarely improved with adjustments.
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Small-Business Confidence Rose in April
Small-business confidence rose in April, and expectations are generally upbeat, but labor shortages are a major concern.
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The Pinochet Slur Against Free Market Scholars
Why does untruthful scholarship so often take root, and even become a “consensus” interpretation despite its factual deficiencies?
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The Market Loves You; Why You Should Love It Back
The institutional setting in which human relationships become real in our lives is the market. The moral aesthetic of the market is lovely. It fosters love. It needs love.
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All Socialisms Are Antisocial
Socialism is the antisocial system of politics over people, governmental power instead of peaceful and free association, and a handful of imposed political plans instead of a pluralism of as many plans as there are people in the world.
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Most Millennials Say They’ll Be Millionaires Someday. Is Their Optimism Misplaced?
Millennials are drowning in debt — failing to pay off their student and auto loans. Despite this reality, if you ask millennials today whether they’ll ever be rich, they will tell you that yes, their futures are bright. But is their optimism warranted?
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This Is How a Nationalist Raises Your Taxes
Surely allowing millions of American and Chinese businesses and consumers to freely cooperate would have created more wealth than one veteran dealmaker tightening his grip.
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Science Alone Will Not Create Prosperity
Modern knowledge of physics clearly is not a sufficient condition for mass prosperity. If it were, Soviet citizens in the 20th century would have been just as prosperous as American and Canadian citizens.
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Did You Write Your Bitcoin Obituary in Time?
Because so many lack the patience to understand, and perhaps because so few can explain it coherently, there is a strange lust in the land to debunk the whole thing. Every single time the market drops, people get busy writing obituaries for crypto. I’ve been seeing these appear since the market price was $14.
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Create Socialism Over One Product, Then We’ll Talk
If socialism can’t be made to work in such a small and simple case like this, why would one think that all these problems would go away once you expand the idea of common ownership to the whole of society and all existing goods?
-
•
Markets Specialize in Finding and Fixing Failure
When any particular outcome emerges from the market process that is not suitable for market participants, the market will adjust and, sooner or later, produce another, better outcome. By contrast, government failures are rarely improved with adjustments.
-
•
Small-Business Confidence Rose in April
Small-business confidence rose in April, and expectations are generally upbeat, but labor shortages are a major concern.
-
•
The Pinochet Slur Against Free Market Scholars
Why does untruthful scholarship so often take root, and even become a “consensus” interpretation despite its factual deficiencies?
-
•
The Market Loves You; Why You Should Love It Back
The institutional setting in which human relationships become real in our lives is the market. The moral aesthetic of the market is lovely. It fosters love. It needs love.
-
•
All Socialisms Are Antisocial
Socialism is the antisocial system of politics over people, governmental power instead of peaceful and free association, and a handful of imposed political plans instead of a pluralism of as many plans as there are people in the world.
-
•
Most Millennials Say They’ll Be Millionaires Someday. Is Their Optimism Misplaced?
Millennials are drowning in debt — failing to pay off their student and auto loans. Despite this reality, if you ask millennials today whether they’ll ever be rich, they will tell you that yes, their futures are bright. But is their optimism warranted?
-
•
This Is How a Nationalist Raises Your Taxes
Surely allowing millions of American and Chinese businesses and consumers to freely cooperate would have created more wealth than one veteran dealmaker tightening his grip.
-
•
Science Alone Will Not Create Prosperity
Modern knowledge of physics clearly is not a sufficient condition for mass prosperity. If it were, Soviet citizens in the 20th century would have been just as prosperous as American and Canadian citizens.
-
•
Did You Write Your Bitcoin Obituary in Time?
Because so many lack the patience to understand, and perhaps because so few can explain it coherently, there is a strange lust in the land to debunk the whole thing. Every single time the market drops, people get busy writing obituaries for crypto. I’ve been seeing these appear since the market price was $14.