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Money and Banking (Intellectual Capitalism Part 3)
There are a lot of misconceptions about money and banking. Often people either think these are the root of all our problems or the solution to all our problems. Both seem to believe that once money...
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Is Objectivism Compatible with Austrian Economics?
There have been a number of papers comparing Objectivism to Austrian Economics. The motivation appears to be Rand’s relationship with Ludwig Von Mises, since both are known for advocating Laissez...
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Property Rights: The Foundation of Freedom
In the United States, we tend to study the Constitution to secure and understand our freedoms. This is a bit strange as our freedom throughout history has been secured mainly by property rights. This...
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Walter Williams and Overpopulation
In an article entitled, Overpopulation Hoax, on Lew Rockwell.com, Walter Williams argues that Thomas Malthus was incorrect in his prediction about food and population. Williams misstates what Malthus...
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The Greatest Mistake in Economics: We Are Wealthier Because Profit Margins...
Economists often argue that the West is wealthier because profit margins are driven down by competition. For instance, here is a quote from an article in Forbes by a researcher at the Adam Smith...
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The Source of Economic Growth: Review
This is an excellent book that cuts through the morass of theories about … This is an excellent book that cuts through the morass of theories about the source of wealth to make an identification that...
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Ayn Rand Was Wrong
Rand in The Virtue of Selfishness states that a breach of contract is the use of force, like fraud is an indirect use of force. A unilateral breach of contract involves an indirect use of physical...
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Bitcoin: One of the Greatest Economic Experiments of All Time
Whether you love or hate Bitcoin and cryptocurrencies you have to admit that it is one of the greatest economic experiments of all time.[1] It is very rare in economics to have a well-defined and...
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