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Democracy is Mob Rule by the Ignorant, Embrace Free Markets

https://youtu.be/kQToT7640h4 A democratic vote is like the captain of a ship having to consult every passenger about the best course to chart through an approaching storm. – The School of Life, Philosophy in 40 Ideas (2020), p. 13 Watch on Odysee

The Truth About Discrimination – Walter E. Williams

If people are free to discriminate in favor of, or against, a university or wine, what argument can be made against their having that same right with respect to choosing based on the race or sex characteristics of their mates, employees, tenants, or club members? If...

Black Youth Unemployment Before Democrats Started “Helping”

Although most people are familiar with more recent statistics on black youth unemployment, not many are aware of the black/white statistics for earlier periods. Table 3.2 (below) shows that in 1948, the two were roughly equal. For that year, blacks aged sixteen to...

Political Discrimination vs. Market Discrimination – Walter E. Williams

Gross racial discrimination alone has never been sufficient to prevent blacks from earning a living and bettering themselves by working as skilled or unskilled craftsmen and as business owners, accumulating considerable wealth. The fact that whites sought out blacks...

GDP is a Scam, Here’s How to Measure Wealth

https://youtu.be/mYfH_9arsRk In 1981, the cheapest IBM personal computer cost $4,459 (in 2018 U.S. dollars), or 210 hours of labor. An Insignia tablet and keyboard combo cost $120 in 2018, or 5.6 hours of labor. - Ten Global Trends Every Smart Person Should Know, CATO...

The Democratic Policy Which Keeps Poor People Poor – Walter E. Williams

To criticize occupational licensing laws is not to argue that information about the quality of a licensee's services is not important to consumers. However, it is by no means clear that licensing is the most effective way to provide that information. Indeed, licensing...