A "property right" entitles one party to exclude another from interacting with a scarce part of the universe - i.e. to have a property right in my car entitles me to exclude others from driving it to Dallas when I wish to drive it to Phoenix. There is no...
...Sam Walton, the founder of Walmart, became one of the wealthiest men in the world by figuring out how to cut the price of just about everything to the benefit of everyone, but especially of lower-income consumers. That’s one of the other virtues of the free market:...
Treasury Secretary Janet Yellen said Washington would be happy to see New Delhi continue to buy oil from Moscow at a price above a G7-imposed price ceiling set to take effect next month. The announcement came after India declared it would buy oil from Russia and ignore the price cap.
The Federal Reserve's Federal Open Market Committee (FOMC) raised the target federal funds rate 75 basis points on Wednesday, marking the fourth 75-basis-point hike in a row since June. The federal funds rate is now the highest it's been since December of 2007 when...
A Pentagon official told reporters on Monday that US military personnel have recently begun onsite inspections of US-provided weapons inside Ukraine, confirming a small US military presence on the ground.
I asked a self-described "Marxist-Leninist" why do people risk life and limb to escape mostly socialist Cuba to the much more free market United States? And why is South Korea wealthier than North Korea? He had a one word answer: Sanctions. Sanctions are when...
“President” Joe Biden described the U.S. economy as, “Strong as hell,” in a recent sound bite. No one except his most ardent supporters, a vanishingly small number in reality, believes that. He and they point to statistics, “internals” in Biden-speaks, that point to...
So often Democratic Socialists will claim that private companies are bad because they care not about others but only for their own personal benefit. Want money voluntarily? That's greed! Taking money via taxation with the threat of jailing peaceful people,...
Since episode 234 was the last episode of Liberty Weekly. I thought it'd be fitting to sit down and work through exactly what that means. When I started the project in June 2016, I had no idea how long it would last or what it would turn into. The best thing about the...
https://youtu.be/Yhcm5pegHPE Some critics of the free market argue that property rights are in conflict with “human” rights. But the critics fail to realize that in a free-market system, every person has a property right over his own person and his own labor, and that...
We live in a society exquisitely dependent on science and technology, in which hardly anyone knows anything about science and technology. - Carl Sagan, BrainyQuote How has science and technology advanced when "we the people" never "voted" for such a thing to...
https://youtu.be/laVg3gyfitA The Moral Parity Thesis The conditions under which a person may, in self-defense or the defense of others, deceive, lie to, sabotage, attack, or kill a fellow civilian, or destroy private property, are also conditions under which a...
There have been many calls of late to “defund the police.” None of them have been aimed at the private police. All of them have been targeted at the public sector, governmental police. Are these demands justified? Not very. Yes, there are more than a few bad apples in...
https://youtu.be/HA_zM96coww To many people, even today, high profits are often attributed to high prices charged by those motivated by “greed.” In reality, most of the great fortunes in American history have resulted from someone’s figuring out how to reduce costs,...
