consumers

Capitalists Get Rich but Consumers Capture the Benefits

– October 15, 2018

Producers, on average, capture a 2.2 percent of the total benefits of their successful introduction into markets of technological advances. A whopping 97.8 percent of those benefits are enjoyed by people each of whom as a consumer did nothing other than exercise his right to spend his money on those options that he judges best for himself.

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PM_1011

A Crisis of Rigor in the Academy

– October 11, 2018

What a recent academic hoax reveals is a pervasive problem of declining scholarly rigor afflicting certain parts of the academy.

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webserves

The Revolutionary Economic Achievement of Platforms

– October 10, 2018

Twenty years from now, people will look back at our current practices of exclusive ownership and storage with bewilderment. They will wonder what life was like before platforms made our lives richer, better, and less wasteful.

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taylorswift

How Taylor Swift Could Use Her Political Stance For Good

– October 9, 2018

The singer should become more educated as to how the number one perpetrator of racism in her state operates. And when that day comes then perhaps she will be using her star power to be part of the call for complete criminal justice reform — an even more meaningful political revolution.

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throwingmoney

The Circus Distracted Us While Congress Pillaged the Country

– October 8, 2018

Remember when Republicans under the previous President fought for some semblance of fiscal responsibility and for a return to regular order in the budget-making process? That time is long gone.

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prizefight

Here Is What Happened to Social Harmony

– October 7, 2018

The violent hatreds, tribalisms, acts of revenge, and never-ending escalation of the war between left and right (and between races, religions, sexes, and classes) are exactly what you would expect to get when you attempt to organize life according to the zero-sum game that is politics.

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dreamliner

The Glory and Majesty of the Dreamliner

– October 5, 2018

“I tried to think of anything in nature that could compare. I thought of huge animals on safaris, of glorious birds, or gigantic sea animals. I thought of huge mountains, great canyons, and terrifying bodies of water. Nothing compares. Then it dawned on me: humankind has created something truly astonishing here.” ~ Jeffrey Tucker 

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netneutrality

California Neutrality Law Will Not Deliver

– October 4, 2018

Net neutrality rules do nothing to make internet access more fair. More regulations only create the perfect environment to encourage monopoly, making access to the wide web even more restricted and expensive.

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civilwar

No, America Is Not in a Civil War

– October 3, 2018

The result of a century of coerced forms of social organization is exactly what you see and what so many decry as the fracturing of consensus in society. What’s miraculous is that we have somehow survived regardless of the nonstop attacks on liberty, property, and free association.

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hooverdam

The Bad Economics of Short-Run Policies

– October 2, 2018

Bad economics can bring about or grow out of bad politics. But the question is, what are bad economics and bad politics? Unless this is clearly and correctly identified, a bad situation can be made worse, and a good situation can be turned into a bad one. So sorting this out is crucial to having a free and prosperous society.

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politicalfail

The Amazingly Persistent Failure of Politics

– October 1, 2018

No matter how good legislators’ intentions are, and no matter how much money government spends, government “solutions” are very likely to fall short of solving most of the problems they’re sold as solving. Indeed, often the result is disastrous.

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greed

It’s Profit, Not Greed, that Is Good

– September 28, 2018

Few defenders of free markets, not even the oft-maligned Ayn Rand, can be read as defending greed. In fact, if greed or selfishness is understood as exploiting others, then greed is impossible in a system of voluntary exchange.

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