Tag: capitalism
Giving Thanks for Stores that Open on Thanksgiving

It’s that time of year again. Thanksgiving is upon us. Tomorrow, millions of us will join together with friends and family to celebrate the Holiday. The day after, “Black Friday,” kicks off the holiday shopping season with a variety of sales. Once again, these sales are bringing controversy with them. It’s not the fact...
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Atlas Shrugs

Three months ago, the CEO of Gravity Payments, a Seattle credit card processing firm, announced that all of the firm’s employees would be paid a minimum of $70,000 a year, according to this story. Now, the firm has fallen on hard times, and some of the firm’s “higher valued” employees have quit. One employee...
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The Biggest Threat to North Korea Might Be Dessert

This past summer, some 200 South Korean activists and North Korean defectors launched 50 balloons into North Korea. The purpose? To deliver 10,000 Choco Pies—a cake and marshmallow combination coated in chocolate (think Moon Pie)—to the citizens of North Korea. The pies saw their introduction in North Korea in 2004. The treats were given...
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Stores to Open on Thanksgiving—Don’t Complain.

Over the past several weeks, the standard litany of holiday media stories has begun. While there is always some fun in guessing which reporter will get stuck with the “don’t set your house on fire with the deep fryer” segment, other stories are far more troubling. Around Thanksgiving and the start of the Christmas...
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The Austrian School of Economics

I’ve just published a short book, Advanced Introduction to the Austrian School of Economics, which is designed to give people with some knowledge of economics an explanation of what ideas distinguish the Austrian school from mainstream economic thought. The paperback is relatively affordable ($22.36 if ordered on-line). The book is much slimmer in person...
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Did Capitalism Put the “Great” in The Great Gatsby?

A funny thing happened to Jay Gatsby on the way to the Silver Screen in 2013: He became a sympathetic and all too human capitalist. This may not have been Hollywood’s intent, but the most recent adaptation of F. Scott Fitzgerald’s classic may have elevated a minor sub-theme in the book to a new...
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Markets Promote Peace and Harmony

The market economy is a remarkable institution: It reduces poverty, decreases discrimination, and provides opportunities for constructive social and economic advancement far more reliably than do government programs. And yet despite all the good that markets do, many people are dubious about the moral case for markets. As economist Dwight R. Lee writes in...
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Obama’s 44th California Fundraiser

President Obama has brought new meaning to “Obama 44”. It used to refer to his number as president. This week, he made it the number of fundraisers he’s attended in California. Which will be surpassed in a mere ten days. I unfortunately won’t be able to accept the emailed invitation I received today, but...
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Obama’s Business Comment . . .

Many readers will be aware that last week in a speech President Obama said “If you’ve got a business—you didn’t build that. Somebody else made that happen.” There have been many comments on this already—most of them I’ve seen have been negative—but I’m still going to add a few words, because I find the...
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Secular Theocracy: The Foundations and Folly of Modern Tyranny, Part 1

We live in an increasingly secularized world of massive and pervasive nation states in which traditional religion, especially Christianity, is ruled unwelcome and even a real danger on the basis of a purported history of intolerance and “religious violence.” This is found in most all “public” domains, including the institutions of education, business, government,...
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