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Everyone knows that socialism is newly fashionable as an idea and system. With that has come a certain level of whitewashing of the real history. I’m not just speaking of the totalitarian variety with its poverty, inflation, starvation, and mass death. It’s especially true of the kinder, gentler versions, which turn out to be not […]READ MORE
Human society is permeated with comparative advantage. When each person specializes in performing that task, or small set of tasks, for which he or she has a comparative advantage — and then exchanges the fruits of this labor for goods and services produced by others — everyone who participates in this system of specialization and […]READ MORE
Global per capita income has increased from a little less than $4,000 a year in 1966 to almost $17,500, in inflation-adjusted dollars at the present time. That represents a 372 percent increase in the average income of everyone on this planet in only 50 years.READ MORE
What angers most people about climate activists is not their goals, but their elaborate system of doublethink, their profound cognitive dissonance, and the truly fascinating ability to rationalize their own behavior.READ MORE
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