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Sombart’s leftism became rightism but it was made of the same substance always: a loathing of regular people in their free choices and a longing for history to follow his own imaginings of what should be rather than what is. Such is the core of socialist ideology: a delusion rooted in snobbery and, above all else, intellectual pretense.
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In the 19th century liberalism was used to describe the people who believed in liberty, a creed unifying the belief in free markets with the beliefs in freedom of speech and the press.
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Let business fend for itself, competitively serving consumers rather than lobbying for government privileges.
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This is the second in a series of three articles about blockchain-enabled “smart contracts” and their ability to address retail fraud.
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We’ve heard that “there ain’t no such thing as a free lunch.” But in the internet age, free stuff abounds.
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Human dignity, autonomy, and social cooperation are best left to the tender hands of politicians and bureaucrats. Not!
READ MOREWhat is a market economy? We often talk about it as though it were a thing, perhaps a machine or a vehicle. Business reporters say it heats up or cools down. Sometimes it even gets stuck in a ditch. But it’s not a thing subject to heating or cooling or …
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The free market — indeed, a free society — is founded on individual rights, including the right to one’s justly acquired property. If the government’s rules regarding the use and disposal of property are “flexible,” a free society is doomed.
READ MOREPresident Trump has begun to flesh out his promise to rebuild America’s infrastructure. His planned “massive investment … will be matched by significant private, state, and local dollars,” Trump said on June 8. The administration has also pledged to of …
READ MOREBusiness decisions should be made in the marketplace, not in the halls of government.
READ MOREAs airlines often do, last week, United Airlines overbooked a flight. But this time, all was not well. Overbooked flights are nothing new. According to the Federal Transit Authority, U.S. airlines convinced over 400,000 passengers to give up their seat …
READ MOREBy now we should have figured out the cure for what ails the American health care system: a regimen of unadulterated competition. It’s just what the doctor (of sound economics, that is) would order.
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