"Production is not an act of creation; it does not bring about something that did not exist before. It is a transformation of given elements through arrangement and combination. The producer is not a creator. Man is creative only in thinking and in the realm of...
production
We Can’t Consume Our Way to Prosperity
Once upon a time, John Stuart Mill could write these words truthfully ("Of the Influence of Consumption on Production," 1844): It is no longer supposed that you benefit the producer by taking his money, provided you give it to him again in exchange for his goods. He...
TGIF: Supply Precedes Demand
"Consumption is the sole end and purpose of all production." —Adam Smith, The Wealth of Nations, 1776 "In the market economy the consumers are supreme. Their buying and their abstention from buying ultimately determine what the entrepreneurs produce and in what...
TGIF: “You Didn’t Build That”
Remember Barack Obama's profound 2012 campaign speech about success? Here's part of what he said: There are a lot of wealthy, successful Americans who agree with me -- because they want to give something back. They know they didn’t -- look, if you’ve been successful,...
TGIF: What Government Has Wrought
Imagine two candidates for president, and ask yourself who is more likely to win. Candidate A observes that people are facing generally rising prices. Their total at the supermarket checkout is higher than last year. Filling up the car at the gas station takes a...
Economics in One Other Lesson
"The number one principle of economics...: the secret of mass consumption is mass production.... What about distribution? Here's what we know from all of human history, all of economic history. Any large increase in production is widely shared. There's no such thing...
Ep 013 “CG Goes to the Movies: Red Dawn (1984)”
Episode Notes The brilliant John Milius helmed this production in the thick of the cold war waning with the USSR. This will be the first episode where we examine the collision between irregular warfare and popular culture. My Substack Email me at...
ESG and the Big Oil Conspiracy w/James Corbett
James Corbett of the Corbett Report joined me to discuss the ESG index, corporate compliance, and why big oil is silent despite all of the current problems with production, prices, and inflation. The Corbett Report How Big Oil Conquered The World Why Big Oil Conquered...
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The National Debt and You: What it Is, How it Works, and Why it Matters
Provoked: How Washington Started the New Cold War with Russia and the Catastrophe in Ukraine
Over and over, U.S. government officials and their mainstream media allies called Russia’s 2022 invasion of Ukraine an “unprovoked attack.” The slogan became so overused that people began to ask the obvious question: Why do they protest so much? In Provoked: How...
