Progressives see themselves as, well, progressive. But they aren't. Even at their best, in opposing the national security state, they support massive government power in other realms of life. At heart they are social engineers. They seek a "moral equivalent of war,"...
Economics
The Worker as Free Person
by Sheldon Richman | Nov 14, 2024 | Blog, Economics
"In the market economy the worker sells his services as other people sell their commodities. The employer is not the employee’s lord. He is simply the buyer of services which he must purchase at their market price. Of course, like every other buyer an employer too can...
Labor as Commodity
by Sheldon Richman | Nov 13, 2024 | Blog, Economics
For the individual actor, "as for everyone, other people’s labor as offered for sale on the market is nothing but a factor of production. Man deals with other people’s labor in the same way that he deals with all scarce material factors of production. He appraises it...
TGIF: That Was the Election that Was
by Sheldon Richman | Nov 8, 2024 | Economics, Foreign Policy, Justice, Libertarianism, Politics, Sheldon Richman, TGIF
One can be overjoyed by the repudiation of a candidate without being pleased with the opposing candidate's victory. This election is an occasion for that reaction. An American (or anyone actually) is perfectly justified in taking pleasure in Kamala Harris's...
Right Diagnosis, Wrong Prescription
by Sheldon Richman | Nov 7, 2024 | Blog, Economics
The populist Sanders-left (which is actually broader because it includes Tucker Carlson and others called rightists) is partly correct and partly incorrect about what happened to the Democrats last Tuesday. They say correctly that the Democrats failed because they...
The Destruction and Cronyism of the Green Agenda
by Owen Ashworth | Nov 6, 2024 | Economics, Featured Articles
At the behest of the green lobby, western governments are driving full throttle down to arrive at a utopia where state intervention has stopped the permanency of climate change. Net zero refers to reaching a point where all the emissions produced by a nation are...
Will We Witness a Fed Chair Who Believes in Gold?
by Joseph Solis-Mullen | Nov 6, 2024 | Book Reviews, Economics, Featured Articles
Having reviewed multiple books on monetary reform over the past few years, such as Lev Menand’s The Fed Unbound: Central Banking in a Time of Crisis and Brown and Pringle’s A Guide to Good Money: Beyond the Illusions of Asset Price Inflation, I was predictably eager...
The Myth of an American Housing Shortage
by Thomas Eddlem | Nov 5, 2024 | Economics, Featured Articles
Everybody knows housing unaffordability and home sticker prices peaked at all-time highs in 2023, even higher than the peak of the 2007 real estate bubble in real terms. Both sticker prices and median mortgage payments for homes remain today at among the most...