Stated simply, gold-standard proponents seek a dollar that is widely trusted as a constant measure of value. Nothing more. Nothing less. Unknown is why a desire to revive money with stability top of mind has so many so up in arms.
The opposite of Democratic Socialism is not Republican Party policy, it is entrepreneurialism based on individual choice and individual action. The normal conduct of society is the continuous adaptation of individuals to each other’s needs. Socialism is, in fact, anti-social.
Schumpeter’s first lesson: Change happens – but only in the right policy environment. Schumpeter’s second lesson: Incentives matter. Entrepreneurs will continuously drive dynamic, disruptive change, but only if public policy allows it.
The Democratic Party’s latest flavor of the week, Pete Buttigieg, shocked Meet the Press viewers when he openly called himself a “capitalist” during his interview. Like so many others, Buttigieg announced in January that he would be launching an exploratory committee as a potential Democratic candidate in the 2020 presidential race. However, calling himself a […]
Dalio’s recent article titled “Why and How Capitalism Needs to be Reformed” is a mess, though to be clear it’s a thoroughly well-intentioned and heartfelt mess. It’s a mix of self-effacement, dubious statistics concerning the non-problems of wealth and income inequality, and utterly unoriginal, counterproductive proposals for government action.
Having subsidized the creation of a dependent socialist paradise in Europe, the U.S. now has to watch as the EU’s malign influence washes over America and other nations via international bodies, universities, nongovernmental organizations, multinational corporations and other channels.
The bitter truth about most public policies being sold by the political class is that they give them more power to control our lives. If you favor some of these policies, be honest with the rest of us about what you mean, so that we can make more clear-headed judgments about the kind of society we want to live in.
If we really want progress, we must earnestly scrutinize the array of feasible outcomes that are economically viable. Such moves in public discourse require a discipline in intellectual affairs that seems almost out of reach at this time of division and discord.
To hear the class warriors say it, the rich aren’t paying enough. Even though the top 1 percent of earners account for nearly half of all federal tax revenues, this isn’t enough for those who live to redistribute. They want the rich to pay much, much more. Such a view is quite literally impoverishing.
When you no longer need to own a car, there is a huge convenience gain. Not only that, but resources become better utilized as owned automobiles no longer are wastefully parked in garages for long stretches, and consumers don’t have to tie up their capital in something as banal as personal transportation.
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