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The Case for Legalizing Capitalism
Publication
Author: Kel Kelly
Online Publish Date:
Category: Free Markets
What’s the “American system” of economics? Most people would say it is capitalism, which thereby deserves all fault when anything goes wrong. Well, Kel Kelly responds to this myth in this fast-paced and darn-near comprehensive treatment of the truth about the free market and intervention. His thesis is that the problem isn’t capitalism; it is that
The Case for Legalizing Capitalism
Media Asset
Author: Kel Kelly
Online Publish Date:
Jeffrey Tucker interviews Kel Kelly, author of ‘The Case for Legalizing Capitalism’. Recorded at the Ludwig von Mises Institute in Auburn, Alabama, on November 15th, 2010.
Are We Running Out of Food?
Mises Daily
Author: Kel Kelly
Online Publish Date:
Category: Other Schools of Thought, Prices, Value and Exchange, The Fed, Free Markets
Paul Krugman writes in the New York Times , April 7 that there is a world food shortage, accompanied by skyrocketing prices. Because of this, poor people in Africa and other places are starving. He suggests that this has come about mostly for these reasons: new food demand by China the high price of oil bad weather in important farming areas
Give Capitalism a Chance
Mises Daily
Author: Kel Kelly
Online Publish Date:
Category: Entrepreneurship, Philosophy and Methodology, Political Theory, Free Markets
It is a common assumption in today’s world that capitalism is, at best, out of control and, at worst, outright evil. Everyone knows that it causes most of our financial, economic, and social problems, and that we need a referee — the government — to make sure that all is fair and that we innocent citizens are not taken advantage of by predatory
The Poor
Mises Daily
Author: Kel Kelly
Online Publish Date:
Category: Interventionism, Big Government, Free Markets, Global Economy
[From The Case for Legalizing Capitalism ] Socialists commonly cite the existence of the poor as a reason for socialism, and they claim that their concern for the poor shows compassion and morality. Since the topic of poverty is a key battleground in the war of socialism versus capitalism, it is relevant to examine what poverty is, how much of it
How the Stock Market and Economy Really Work
Mises Daily
Author: Kel Kelly
Online Publish Date:
Category: Entrepreneurship, Financial Markets, Free Markets, Global Economy
[An MP3 audio file of this article, narrated by Keith Hocker, is available for download .] “A growing economy consists of prices falling, not rising.” The stock market does not work the way most people think. A commonly held belief — on Main Street as well as on Wall Street — is that a stock-market boom is the reflection of a progressing economy:
Patriotism as a Threat to Capitalism
Mises Daily
Author: Kel Kelly
Online Publish Date:
Category: Interventionism, Other Schools of Thought, Political Theory, Free Markets, War and Foreign Policy
[From The Case for Legalizing Capitalism ] Having learned that the government acts in ways detrimental to its citizens economically, and by causing wars, we should ask exactly why we support our politicians, why we support most of our military operations, and why we support our very national identity. In short, we should ask ourselves why we are
Can Politicians Help Us?
Mises Daily
Author: Kel Kelly
Online Publish Date:
Category: Interventionism, Political Theory, The Entrepreneur, Free Markets
“Citizens, in the end, are “helped” by having been given unemployment, higher prices, fewer savings, and an uncertain future.” The word “politician” usually comes with a negative connotation. It often brings to mind thieving, lying, corruption, and malfeasance. Nonetheless, most people seem to look to politicians to manage their world for them, to
What Drives Profits?
Mises Daily
Author: Kel Kelly
Online Publish Date:
Category: Monetary Theory, Production Theory, The Fed, Free Markets
The economic and business community constantly attempts to forecast the effects of various economic changes and government policies on corporate profits. But both the cause and effect of increasing profits are other than what most people imagine. It will therefore be helpful to gain a concrete understanding of what profits do and do not represent.
What Threat, China?
Mises Daily
Author: Kel Kelly
Online Publish Date:
Category: Other Schools of Thought, Political Theory, Free Markets, Global Economy
This topic needs no introduction. We hear discussions in the national media weekly about the possible threat an economically resurgent China poses to the United States — and even to other countries. So how concerned should we really be about China’s economic and military might? Answer: China’s economic development itself is not in any way harmful