A self-taught watch maker and inventor, John Harrison, solved the most perplexing problem of the previous 1600 years – longitude. As trade is essential for mutual cooperation between communities, countries, and continents, safe shipping lowered prices, increased production, created wealth, and benefits everyone.
About Mark Shupe
Mark Shupe is a contributing author at Center for Individualism. He is also an investment strategy advisor and fitness instructor. Mark studied economics and finance at the University of Notre Dame. His writing passion includes the history of Western Civilization, the moral case for Capitalism, and the promise of Individualism.
Entries by Mark Shupe
Say invented the term “entrepreneur”. He advocated for the role of the producer, because producers create markets. If we all devoted more of our energies to the production of goods and services that others find valuable, rather than to our own consumption, we’d drive the market system to even higher levels of betterment for all. “Pick Up The Torch Of Say’s Law!”
Poetic justice rewards virtue and punishes vice. It’s a spontaneous force of nature. Social justice punishes virtue in order to equalize outcomes. The thinking is that reality is different for everyone. It turns out that real inequality is in the sharing of risk. The loudest proponents of social justice are the ones who do not bear the burden of their risky ideas.
The regulatory state goblins are canvassing the neighborhood of private interests with interesting and creative legal angles this Halloween season. And the regulators never bear any of the risks or costs of their laws and lawsuits, regardless of how inane. Their message is clear, don’t invest in our regulatory targets.
Democratic socialism is a popular topic in 2018 America, and the Nordic model is frequently hailed as the real-life success story to emulate. Convincing Swedes, Danes, Finns, and Norwegians of that is another story. The real Scandinavian economic success story is brilliant. It occurred in the years 1850-1950, and it was spearheaded by a Renaissance man by the name of Anders Chydenius in 1763.
The Federal Reserve’s sacred 2% inflation target is now supported by a 2% Fed Funds rate. Unfortunately the 2% GDP growth new normal isn’t playing nice, coming in at 4%. Innovation and economic freedom are the fly in the econometric ointment.
College campus life is already reeling from the effects of college admission racial quotas. Now International Pronoun Day activists are throwing salt on the wounds by expanding geometrically the number of possible identity groups. In a desperate appeal to dignity, the entire premise of the project is dissected in terms of reason, purpose, and self-respect. In other words, life-affirming values.
Little words matter a lot. As cultures evolve so do languages. New words and meanings are added while others are dropped. Nouns and verbs may change most, but it is not a good idea to override pronouns in conformity with changing social pressures. Authoritarianism begins with people’s attempts to control the ideological and linguistic territory.
Liberal, freedom, justice, and value add up to capitalism. This equation will easily repel another ill conceived coup spearheaded by JUST Capital, their banker Goldman Sachs, and their sanctimonious board of directors.
Computing power and innovation are giving investors more choice and lower costs. “Smart beta,” or factor based quantitative investing offers new access to the proven dimensions of investment returns. This allows everyone to benefit from the price mechanism of efficient markets.
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