The "Free Market" is More Popular than "Capitalism"
Such anomalies are common when polling often-ignorant voters. But libertarians would do well to take note, anyway.
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Such anomalies are common when polling often-ignorant voters. But libertarians would do well to take note, anyway.
Their "Arsenal of Democracy” is breaking down (a good thing!); too bad it doesn’t mean redirecting social capital toward social needs.
People are not puppets responding to the string pulls of market forces — free enterprise gives us agency
Adam Smith’s publication in 1776 of An Inquiry Into the Nature and Causes of the Wealth of Nations (WN) may not have had a direct influence on the drafting of the Declaration of In...
Because reasons, today’s post will be something different, and more personal. I will also come close to violating Horowitz’s Rule: Never generalize about your own necessarily limi...
Kevin Warsh would rather stay out of the fray – and thus devalue the Fed’s credibility as an economic stewardIt must feel strange to argue that government action is inevitably coun...
Market prices are by their very name erratic, and that's to the substantial betterment of the U.S. economy.
The collapse of America’s political center is the result of an economy that has abandoning ordinary workers for decades.
While selective trade liberalization has benefited powerful corporate interests and some others, most have lost out.
What would socialists do to the American economy? On “Interesting Times,” Bhaskar Sunkara, author of “The Socialist Manifesto,” thinks we can have free markets without capitalism.
One clever political trick is to convince people you accept an appealing principle and then act in direct violation of that principle. That way, you gain the rhetorical benefit ofR...
This is not yet an economic catastrophe, but it could very easily become one.
I prove that competitive market outcomes require computational intractability. If P = NP, firms can efficiently solve the collusion detection problem, identifying deviations from c...
On today's show we discuss the Treasury bond buybacks, Stanley Druckenmiller's op-ed, the real government debt risk, the most hated asset class in the world, why Bitcoin woke up, t...
There has been a sell-off of AI-related stock in many stock markets today, but this paragraph highlights the whole illogicality of this market. It comes Read the full article...
The Nobel-winning economist takes aim at elites for no longer meeting the needs of the massesIn 2009, the tech billionaire Peter Thiel published an essay with the portentous title...
'All models of economic democracy, as conceived here, appear incompatible with capitalism.'
Mohammed Anwar Al BalushiWhenever I write about economics, a few words repeatedly come to my mind: capitalism, socialism, poverty, the middle class, wealth and inequality. These ar...
Americans do not need protection from the basic economic forces that help the market to function.
The ultrarich have always had power but Trump brought top businessmen directly into policymaking, creating new channels of influence globally
The BLT—a delicious celebration of the power of markets—exemplifies political attacks on the free movement of goods and people.
On Einstein's important essay "Why Socialism?" along with his considerable involvement in politics and some of his important initiatives.
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