Democracy: the matching up of people who want free stuff with politicians who promise free stuff. Problem: free stuff as they all imagine it does not exist.
However, it does exist in the market, as explained by Frédéric Bastiat in Economic Harmonies, chapter 8, “Private Property and Common Wealth.” See my discussion of that chapter.
Recent
What accounts for the preoccupation with income and wealth inequality? We hear about it every day. Isn't our absolute living standard what matters and whether it is improving or deteriorating? I'll bet that's what regular people care about. However, the professional...
USNS Washington Chambers (T-AKE-11) 2020 The US Navy continues to go the way of the Royal Navy from a storied force in history to a surface fleet plagued with problems and seemingly incapable of getting anything right as we have documented in these pages at the...
I discuss the latest news about Israel and the US role in its conflicts with the Palestinians and Hezbollah.
