Tag: wealth creation
Taxing global trade is not deregulation
January 28, 2017 | Post
Trump-style economic nationalism, like the more full-throated fascism with which it shares much, aims to bring back the mythical glory days of the nation. But if we really want to make America great (again), we should learn the lesson of history, as well as economic theory, that prosperity comes from the free movement of goods, services, and people regardless of arbitrary political lines.
Commerce is pointing the way to a more peaceful and prosperous Cuba.
January 23, 2017 | Post
Commerce brings out the best in human beings by providing incentives to care about others. Those who can’t rise above focusing on their short-term narrow needs have little ability to meet the needs of others.
Why schools should be businesses (sort of)
January 10, 2017 | Post
Why is a model of education that is also profitable seen as such a bad thing?
Some economics of Christmas
December 24, 2016 | Post
The holiday season is a time for love and cheer. So this Christmas, as you’re huddled in front of fire drinking eggnog and singing carols, be thankful for the wealth and opportunity that the free market has generated, and signal your love by giving a gift that matters.
The double thank you of the market
November 18, 2016 | Post
If we want the market order to survive, we will have to continue to treat it both in theory and practice as a realm of moral and virtuous behavior.
How transactions that raise America’s trade deficit enrich Americans
November 6, 2016 | Post
Suppose that Smith, your neighbor in New Haven or your friend in Fayetteville, produced a lot of auto parts that consumers voluntarily bought at prices that earned for Smith a sizable fortune. Suppose further that Smith prudently saves a large chunk of his fortune, some of which he uses to start a glass-manufacturing plant in […]