robotfixer

Markets Specialize in Finding and Fixing Failure

– May 15, 2019

When any particular outcome emerges from the market process that is not suitable for market participants, the market will adjust and, sooner or later, produce another, better outcome. By contrast, government failures are rarely improved with adjustments.

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capitalismsharing

Capitalism Is Also About Sharing

– April 25, 2019

There is no limit to the examples of the distinction between what must be economized and what need not be. We need to develop the capacity to know the difference. 

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walstreet

Capitalism in Three Principles

– April 24, 2019

Michael Munger found it useful to summarize the argument for capitalism briefly, and in some ways superficially.

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marketliberalism

Free Market Liberalism Is Needed More Than Ever

– April 16, 2019

Various political and ideological trends have often seemed inevitable and irreversible — until they have changed! And it can happen again — if only friends of freedom at least try.

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MG_0410

Supporting Free Markets Means Rejecting Perfect Competition

– April 10, 2019

The theoretical perfection of markets is not a valid argument against government intervention, nor is it a valid reason for governments to intervene in service of that ideal.

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repairphone

Do You Have a Right to Repair? Yes and No

– April 8, 2019

This is not the free market at work. It is government intervention that steals the language of market competition to invalidate property rights and contracts.

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digitalworld

Wealth Has Never Been More Equal

– April 1, 2019

In terms of information access and the opportunity to learn and share knowledge, we’ve never been more rich and equal.

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beautifulmarkets

Kierkegaard’s Parable of Two Artists

– March 27, 2019

The very existence of wealth creation should fill us with awe, respect, and endless curiosity, as well as inspire within us a desire to celebrate and protect the institutions that make markets thrive.

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MG_0319

Markets Are More Complex Than Our Brains

– March 19, 2019

When we gloss over the complexity of the real world, we end up losing far more understanding than we often realize, and end up with strangely skewed perspectives on what happened and what to do about it.

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tallbuildings

Is Capitalism Sustainable?

– March 17, 2019

At some point, the last dollar invested in honest profits is going to return less than the first dollar to be spent on cronyism. After that, the firm becomes dependent on the state.

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commercialmarketplace

Is Capitalism Worth Saving?

– March 14, 2019

A clear-eyed comparison of the alternatives actually available to us reveal why all the world’s developed nations use some version of capitalism. The only people who advocate socialism are those who don’t know how it actually works.

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gnosticism

Against Political Gnosticism

– March 12, 2019

Let us celebrate honesty in politics above all else, even when it preaches something brazenly wrong, such as is the case with the far left and the far right today. Sincerity and forthright telling of truth in the long run skew in the direction of freedom. It’s the Gnostics among us that confuse and confound and create social systems that do the same.

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