Is Capitalism Unjust ?
It is ok to depict what ought to be and is not because of the constraints of reality. But when we ignore the difference between fantasy and reality, this is a serious obstacle to our well-being.
Category: LAW & ECONOMICS
Saifedean : MicroStrategy’s Decision to Hold Bitcoin Proves Its Only Real Use Case
The decision by MicroStrategy, a firm listed on the Nasdaq, shows that they wanted to hold cash instead of investment assets. All they needed was a better form of cash.
How the Absence of Free Markets Erodes Critical Thinking
Free markets require critical thinking to outdo other people on the market. Regulated economies require sucking up to those in power.
Why Public Sector Undertakings Turn Into Bureaucratic Nightmares
When losses can’t wipe out the PSU, only detailed rules for managers can limit the government’s budgetary exposure to it.
What Social Planners Still Don’t Understand About Human Nature
A century later, Mises continues to demonstrate how social planners fail to comprehend the complexity of human action.
The Myth of “Monopolies” in Free Markets
Opponents of laissez faire have spooked public opinion with a combination of bad history and worse theory.