Free Markets

Biden wants to roll out yet another "assault" weapons ban. Supporters claim it will reduce crime, but it will do no such thing.

"It is surely folly to say that government must socialize all property in order to prevent anyone from stealing property. Yet the reasoning behind abolition of private coinage is the same."

In an unhampered market, profit and loss are entirely determined by the success or failure of the entrepreneur to adjust production to the demand of the consumers.

Massachusetts voters approved yet another tax hike for high-income residents, while California voters rejected a similar proposition. The current tax fever does not bode well for economic growth.

The market economy is the social system of the division of labor under private ownership of the means of production. "To assign to everybody his proper place in society is the task of the consumers. Their buying and abstention from buying is instrumental in determining each individual's social position."

Governments are demanding there be "proportional" representation of women in professions that women historically have avoided. Those efforts will be unsuccessful.

As the economy moves into recession, we should understand how we got there and what is needed to bring about a quick and lasting recovery.

The Pilgrims tried socialism at Plymouth. After two years, they returned to private enterprise. Likewise, Israel was founded as a socialist state but has back turned toward free markets.

The standard line from progressives is that free markets usually fail in developing countries. The economic numbers tell a much different story.

One place a price system manifests itself is the sports betting markets. The results are surprisingly accurate.