It’s difficult to decide what is the most misunderstood concept of economics. Almost all of them are misunderstood or misused, … Read the rest
Tag: Statism
Private or Public
A government is a territorial monopolist of taxation and legislation. The only way they can increase revenue is to increase … Read the rest
The Market
The market, non-coercive that is, is the social system of division of labor. The coercive market is anti-social. There … Read the rest
Business Cycle
Just as important as saying what the business cycle is, saying what it is not. It is not something determined … Read the rest
The Size of the Social Unit: Statism
Statism aims at destroying property. This means the state owns the means of production; or the state controls production and … Read the rest
Explaining The Fed with a Hammer
Money is a dominant force in the economy. It is a medium of exchange and solves the double coincidence of … Read the rest
The Logic of Social Cooperation
In order for social cooperation to happen, humans must act. This is different than reflexive behavior, this is to substitute … Read the rest
Capital Production
There are various types of capital. For this article, we will talk about consumer and capital goods. The goal of … Read the rest
Statism is Violence
Who has the power to own and control goods and services? Only the individual can control his body which is … Read the rest
The Crucifixion: A Centralization Effort
The most famous crucifixion of all time was a centralization effort. Jesus was a popular figure and an easy scapegoat. … Read the rest