Attempts to reform our public schooling system amount to an incredible waste of time and resources. Discussions of reform are a waste of breath. The system is rotten at its foundation and must be abolished completely.
Pop quiz: what’s the most economically significant difference between the style of your underwear and the cabin temperature of a 747 jet en route from New York to Paris? The answer is that the style of your underwear is highly individual in a way that the 747’s cabin temperature is not. You can wear whatever […]
The debate now over socialism versus capitalism conceals the cruder reality that the parties of the left—whether in the U.S., U.K., Germany or the nation-state of California—have come to regard the private sector as an alien tribe whose only function is to finance the public machinery that runs welfare, health and now climate protocols.
The principles of economic thought tell us that investments would flow to places with less capital accumulation, the reason being is that there would be less competition, thus a higher rate of return on investments. Indeed, as Adam Smith noted in the Wealth of Nations, capital accumulation would be the inevitable hindrance to economic growth. […]
Countless minds and countless hands have contributed to the slow march of civilization and helped to create a modern world in which I can perform innumerable operations closed off to previous generations without thinking about them. As Russell Roberts put it, “Love locally, trade globally.” As it gets easier to do the latter, it gets easier to do the former.
Tesla has generated almost $2 billion in revenue from selling regulatory credits since 2010. If manufacturers don’t sell enough non-polluting vehicles, they have to purchase credits from competitors like Tesla to make up the difference. The system is administered at the federal level by the EPA and National Highway Traffic Safety Administration.
Smartphones, and cars were viewed as wildly impossible to own before entrepreneurs like Michael Dell, Steve Jobs and Henry Ford succeeded in mass producing them. Yet Warren wants to get us healthcare? Why? What could she possibly deliver other than incredibly expensive inefficiency?
All the accompanying hoopla surrounding the theory of man-made global warming or climate change in our time fails to meet the criterion of testability, such as Eddington’s expedition put to test Einstein’s theory of general relativity and, hence, the so-called science of man-made global warming might well be described as voodoo-science.
Negative interest rates? The very notion speaks to an artificial attempt to create what already exists (low-interest lending to concepts with certainty) without improving the economic outlook one iota. True growth is driven by surprise and uncertainty.
The franchise model isn’t broken, but that hasn’t stopped progressive activists from looking for ways to fix it. The Coalition of Franchisee Associations and the Service Employees International Union have been trying for four years to convince lawmakers around the country the system is unfair.
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