The fallacy destroyed long ago still lives on strong today. Mercantilists believe one man’s gain must be another man’s loss. … Read the rest
Category: Economics
The Use of Logic
Economics has been treated very poorly over the years. It’s assumed economics can be measured. This includes: costs, prices, and … Read the rest
Boom and Bust
Injecting more fiat money into the economy creates an artificial boom. The boom period is not good for the economy. … Read the rest
The Consumer is Supreme
Economic activity is guided by the consumers. The entrepreneur directs it, but he directs it at the orders of the … Read the rest
The House of Cards is Built on Statistics
Statism attempts to be super scientific. These sad attempts are made by viewing statistics. Statistics the state made business provide. … Read the rest
What is Progress?
It’s impossible to speak about progress without addressing retrogression. Just because someone says progress or progressive doesn’t mean what they … Read the rest
Do Depressions Happen in Statist Economies?
It’s commonly believed that depressions don’t happen in statist economies. It’s believed that business cycles happen from the market economy. … Read the rest
Reputation is Critical for Long-Term Profits
A good reputation is critical to any business seeking long-term profits. Reputation is beliefs or opinions that are widespread about … Read the rest
The Foundation of Economics
The foundation of economics is property. Man is not a puppet to his instincts. He thinks, then acts to … Read the rest
Cooperation or Violence
Only humans can cooperate. There is nothing but violence if we don’t cooperate. There is no other means available. … Read the rest