Money plays a critical role in the economy, functioning as a medium of exchange and solving what economists call the … Read the rest
Tag: education
What is Capitalism?
There’s a lot of misuse of the word “capitalism.” Anything that needs a qualifier—like “bailout capitalism” or “crony capitalism”—probably isn’t … Read the rest
Too Dumb to Decide?
The Truth about Money
Money is necessary to determine the difference between inputs and outputs. Paper money makes that more and more difficult to … Read the rest
Covert Parasitism
There are no booms and busts in the free market. I repeat, there are no booms and busts in the
Echo Chamber
We live in an upside-down world where ridicule is considered a refutation. There’s usually an emotional appeal. Very rarely … Read the rest
Irresponsible Babbler
There is a severe misunderstanding of what capitalism is. The irresponsible babblers will provide all sorts of definitions. All of … Read the rest
Aesthetics: Past and Modern
The lack of beauty in modern art is deeper than one thinks. It actually makes us worse psychologically. Discipline of … Read the rest
The Modern-Day Secret Police
All totalitarian regimes need secret police. Its objective isn’t to enforce laws or find actual criminals. It exists to … Read the rest
Change in the Economy
Every entrepreneurial action changes the economy. This process is undertaken with the expectation of a return. This doesn’t mean there’s … Read the rest