When philosophizing about the world, it is very important to define your terms. One term that is constantly misused is “capitalism.” Michael Moore, for example, in Capitalism: A Love Story, rants for an entire movie against the banking industry and profit motive in general, all under the broad term “capitalism.” The problem is that Moore…
DetailsBehold, Peter Schiff: It will also add $1 trillion to the government’s costs. The state misses many rules of natural economics when it tries to create jobs, such as scarcity and finiteness. See Bastiat’s works in my “Meet Me Halfway” to learn more about what government jobs are. In the meantime, a [repeat] study recently…
DetailsGO! Thesis: there is no good argument for democracy; it is all faith. “Fascist” is a pretty common political insult in modern times. But it seems we do have our own Hitler-isms that fewer and fewer people are ashamed of any more. For example: He suspended the gold standard, embarked on huge public works programs…
DetailsI am a little slow on the uptake on this one, as I have been working my tail off for my Uncle in Walla Walla. This one relates back to the riots in the U.K., and the nature thereof. It is pretty common to hear an ignorant observer say “oh wow, England looks like an…
DetailsWhat do you think of monopolies? When a person has a monopoly over a product or service is that economically beneficial? Morally so? Intellectual property (copyright, trademarks, patents – let’s not include trade secrets for this discussion) is a government-granted monopoly over a creation. As any monopoly, these three hinder technological, [true] economic, and creative…
DetailsAs always, the police state wants to expand, even while it fails in the areas to which it has already spread. To the internet, for example, in order to protect the intellectual property of those who own the state-granted monopoly (which, at common law, was protected by the owner, not the government). To the seizure…
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