The debate over socialist calculation has been twisted beyond recognition. The narrative is that Mises dealt with property, while Hayek … Read the rest
Category: Economics
Hands That Trade vs. Hands That Take
There’s no ambiguity in the term. Capitalism is the private ownership of the means of production. That’s it. Not crony … Read the rest
Open Borders and the Violation of Property
The slogan of “open borders” sounds like a call for freedom of movement. It isn’t. It’s the state declaring the … Read the rest
The Velvet Shakedown
Freedom means rejecting all violations of private property. Many claim to support freedom, but in practice, they accept coercion … Read the rest
Fiat Currency: The Engine of Exploitation
A medium of exchange must emerge through voluntary market interaction. Historically, people selected what worked best. No decree birthed money—it … Read the rest
Calculation or Collapse
Markets don’t function without prices. Without prices, production collapses into chaos. Prices convey the preferences, demands, and scarcities of society—without … Read the rest
Statism’s Foundation is Theft
Who decides what is his and what is yours? Who claims the right to dictate how your life and labor … Read the rest
Where Failure Gets a Promotion
Only capitalism holds people accountable. Anything else is evasion, disguise, or brute force. Capitalism requires no scapegoats, no apologies, no … Read the rest
The Illusion of Equal Exchange
All trade is unequal in value. That’s why it happens. Each person gives up something they value less to get … Read the rest
The Fiction of Collective Ownership
Property is claimed by “society.” A term with no hands, no voice, no will. A ghost can’t own. The individual … Read the rest