Markets function through unequal knowledge. People buy, sell, invest, and speculate because they possess different expectations, information, and judgments about … Read the rest
Category: Economics
The Illusion of Stability
Governments present themselves as guardians of stability. They claim markets are too irrational, too unpredictable, too dangerous to function without … Read the rest
The Death of Responsibility
Responsibility can’t exist without ownership. The two are inseparable. A man protects what is his because the consequences fall on … Read the rest
Western Social Engineering
Western social engineering doesn’t present itself as control. It presents itself as method. The language shifts but the structure remains. … Read the rest
Prices Are Not Numbers
The Cloak of Tyranny
The most dangerous form of tyranny doesn’t announce itself. It doesn’t arrive with villains in uniforms or speeches declaring evil … Read the rest
Centralized Credit, Private Facades
Many people—both free-market advocates and outright statists—don’t understand how modern banking actually works. They argue about “private banks” versus “state … Read the rest
The Ground on Which All Economies Stand
The ground on which economics stands is property. Without property, there is no direction to human action, no calculation, no … Read the rest
Calculation Without Ownership
Human beings act with purpose. We choose among alternatives, and we choose based on expectations. In a complex society, choice … Read the rest
