"That there is inequality of ability or monetary income on the free market should surprise no one. As we have seen above, men are not 'equal' in their tastes, interests, abilities, or locations. Resources are not distributed “equally” over the earth.16 This inequality...
Justice
TGIF: Free Speech Restored?
Don't get accustomed to me praising Donald Trump, but exceptions will occur now and then. Trump is no principled friend of liberty, not by a long shot. Judging by most of his actions and words, he recognizes no impenetrable boundary between the government and the...
TGIF: Birthright Citizenship and the Constitution
All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States.... —U.S. Constitution, Amendment XIV Donald Trump says he wants a "revolution of common sense." If he means it, he will abandon his...
TGIF: Why McKinley?
Now what will hasten the day when our present advantages will wear out and when we shall come down to the conditions of the older and densely populated nations? The answer is: war, debt, taxation, diplomacy, a grand governmental system, pomp, glory, a big army and...
TGIF: The H-1B Controversy
Does anyone still believe that the market process should set prices, including wages? Apparently not. Take the controversy surrounding the H-1B visa, the program that "permits" employers to hire highly educated and skilled foreign workers, such as hi-tech personnel....
TGIF: Capitalist Exploitation or Interest?
The completely just proposition that the worker is to receive the entire value of his product can be reasonably interpreted to mean either that he is to receive the full present value of his product now or that he is to get the entire future value in the future. But...
TGIF: The Unfortunately Forgotten Sumner
Some things haven't changed since 1883. In that year Yale University professor William Graham Sumner, the anti-imperialist laissez-faire liberal and pioneer of American sociology, noticed that "we are told every day that great social problems stand before us and...
TGIF: “Corporate” Is Not a Four-Letter Word
I rise today to protest the widespread and malicious use of the adjective corporate as a synonym for evil, corrupt, exploitative, or any number of other pejoratives. As a descriptor, corporate merely says that an association that makes or sells goods for profit is...
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