Liberty rests on the fact that no one can aggress against another. You have a right to your body and … Read the rest
Category: Economics
Opportunity Cost
A firm will spend to produce. This is the firm’s cost. They must spend money, but money costs are different … Read the rest
The Public Goods Fallacy
There are no such things as public goods. The public goods lie is repeated so often to hypnotize you—so you … Read the rest
Pseudo-Science
Individuals must be understood prior to understanding the masses. There is a fundamental difference between the physical sciences and the … Read the rest
The Noble Savage?
Capitalism is criticized by the idea of the noble savage. Many think it’s a biological phenomenon that humans cooperate or … Read the rest
Capital Consumption
The market can’t operate without calculation. It will be difficult to view capital consumption when the market is distorted. … Read the rest
Capitalism Explained
Capitalism is the only free economic system. Prices, interest rates, profit and loss, can all be explained by the … Read the rest
Conflict or Cooperation
There is diversity in value. However, this doesn’t mean there is war of all against all. It’s certainly possible … Read the rest
Bribery Explained
Bribery has never received good press. It’s equally demonized across all forms of media. However, there are many aspects of … Read the rest
Division of Labor
The division of labor is the outcome of men cooperating. What is known as society is just the unrestrained … Read the rest