The Chinese Wall That Is Slowing China’s Economy

As children we learned in school (those of us old enough to have been to school back in olden times when schools actually were for the education of children) that the Great Wall of China was so impressive it could … Continue reading

The Nudgian School of Economics

The Austrian School of Economics, as explained by Ludwig von Mises, Frederic Hayek and supported by Milton Friedman of the Chicago School, assumes that people act on their preferences rationally, based on full information. The necessary prerequisite of full information … Continue reading

Whole Foods John Mackey on Capitalism

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The Best Things in Life Are Free

This free Kindle download is a treasure not to be missed by anyone interested in the subject, which ought to be everyone. Millennials have been accused of wanting everything for free. If that’s true, and there’s evidence it is, they should jump … Continue reading

Pope Francis, get thee some knowledge or shut up

Pope Francis is shooting his mouth off so ignorantly lately it’s no longer blasphemous to point out that he is unqualified to be commenting on economic or scientific issues or politics. John Hinderaker at Powerline Blog has this post, Pope … Continue reading

Free market forces stifle public racism

I’ve believed for a long time that all the civil rights legislation of the 1960s could be repealed with little effect because the sort of racial discrimination that existed before they were enacted would not return. I’m influenced in that … Continue reading

“Low information voter” does not imply stupid — sometimes just the opposite

Apparently, there are a lot of really smart people, who also happen to be very rich, who neatly fit the profile of the “low information voter.” Dave Boyer reports in The Washington Times: Making a pitch for Democratic candidates in … Continue reading

Economics Lesson: Why the free market is morally superior to socialism

Wouldn’t a system of voluntary exchange always be morally superior to a system of legalized theft? Of course, it would. Lincoln famously said in his Second Inaugural address,”It may seem strange that any men should dare to ask a just … Continue reading