Posts Tagged ‘free market’

License to Live

Recently I met with a couple who were in need of some legal services. They wanted to meet with me because they wish to pursue their chosen profession, but to do so they each need a license from the state. Unfortunately, the state conditionally denied their application for the license ...

Global Trade is Good

Global trade (globalization) is a good thing. Despite what those who protest it believe, globalization is the best way to end poverty throughout the world. To demonstrate that point, I want you all to watch a documentary by Johan Norberg called Globalization is Good. Johan Norberg is also the author of ...

10 Tenets of Freedom

Fantastic list created by Jacob Hornberger of the Future of Freedom Foundation, detailing 10 tenets of freedom. Excerpts from each tenet, read the entire 2-part article here: Income Taxation How can a person be considered truly free if the state has the power to take whatever percentage of income it wants from ...

The House That Uncle Sam Built

Fantastic short essay was just published by the Foundation for Economic Education about the Great Recession of 2008. It was written by Steven Horwitz and Peter Boettke, and edited by FEE president Lawrence Reed. You can download it here as a .pdf, the introduction: The theme of “The House that Uncle ...

Taking Capitalism For Granted

Randall Holcombe explains why so many whose lives have been made easier because of capitalism, end up taking it for granted. His entire post from the Independent Institute blog: Joseph Schumpeter, in his 1943 book Capitalism, Socialism, and Democracy, was concerned that the people who benefit most from a capitalist economy ...

Thanksgiving – The Birth of Private Enterprise

I first learned of these events a few years ago and each year since I share them with others. My kids are not yet old enough to understand their importance, but one day they will. Richard Ebeling here explains the true meaning of that first Thanksgiving dinner: This time of the ...

The State and Proper Role of Government

Among those who promote liberty, it is a fundamental principle that the proper role of government is to "secure the rights and freedoms of individual citizens." Further, government can only perform those functions delegated to it by "the people". Since the people have the inherent authority to defend themselves and ...

The 28 Principles of Liberty: Principle 15

The Highest Level of Prosperity Occurs when there is a Free-Market Economy and a Minimum of Government Regulations. Having a good idea of what was possible with setting up a political and social structure based on natural law, the founders sought for natural law for the market place as well. In ...

Communism vs. The Free-Market

Donald Boudreaux's latest Letter to the Editor says it all: Slavoj Zizek rightly complains – if with understatement bordering on the vulgar – of being “deceived” by communism (”20 Years of Collapse,” Nov. 9).  But like many other pundits who feign wisdom by steering clear of what they mistakenly interpret to ...

Halloween and The Free-Market

A great article by Jeffrey Tucker of the Mises Institute was just re-posted on their blog regarding Halloween and the free-market. An excerpt: Unlike at Christmas, where kids must only be good little citizens all year in order to be showered with gifts from their beneficent Guardians, at Halloween, kids must ...

How The Free-Market Works

A great, readable short essay on the Austrian School of Economics' accurate view of how the free-market works was written by Daniel Krawisz for the Ludwig von Mises Institute. An excerpt: As we see, production requires the convergence of several conceptually different elements. There must first be savings. Then there must ...

Witness the Freest Market

Writing for the Ludwig von Mises Institute, Dan O'Connor does a fantastic job explained why the Internet is the freest market on Earth. Here's to hoping it stays that way and becomes even freer in countries like China. His introduction: One of the few places in the world not yet plagued ...

Independence Requires Independents

Although America successfully seceded from the British Empire in 1776, today, more than 200 years later, it is in no way "independent." Its many dependencies include its reliance on debt to finance its operations; it looks to foreign manufacturers to provide basic goods; it is at the mercy of oil ...

Free-market Regulation

This week, I took my bed-ridden wife (temperamental pregnancy) for a walk in a wheel-chair. We decided to go to a new El Salvadorean restaurant a few blocks away and try it out. The restaurant is located within a small residential-area strip mall. This particular residential area is mostly middle ...

Free-market Health-care Solution

It's not too difficult to understand:

The irresistible force of market competition

The Austrian school of economics has a rather unique view of competition and monopoly in a free-market. Israel Kirzner explains this in an article from the March 2000 issue of The Freeman, the introduction and conclusion: The systematic character of the market process derives, in the Austrian view, from the interplay ...

Exploitation Defined

I've often encountered when in discussion of "sweatshops" the charge that those who own them are exploiting those they employ. But I think it all depends on one's definition of exploitation. The common definition is similar to: the act of employing to the greatest possible advantage. If that is all ...