Contrary to anti-freedom myths, "greedy" business owners don't decide what prices will be for goods and services.
Capitalism is characterized by the private ownership of capital, coming from Lockean homesteading principles, and not from state coercion and force.
While it is tempting to think of state power as being maintained by sheer force, it still needs a “theological” justification, be it secular or religious. The US state is no exception.
As the Federal Reserve engineers one financial bubble after another, we are reminded that the Austrian Business Cycle Theory explains what is happening and how there is a better way.
The outcry from establishment media figures following the decision by the Washington Post and Los Angeles Times to not endorse a presidential candidate shows how out of touch they have become about how much we rely on them.
Contrary to anti-freedom myths, "greedy" business owners don't decide what prices will be for goods and services.
Capitalism is characterized by the private ownership of capital, coming from Lockean homesteading principles, and not from state coercion and force.
Supporters of intellectual property laws claim that people will not innovate unless they are protected by such legislation. In reality, people are more likely to be innovative when they encounter real free markets, not markets characterized by artificial scarcity.