Why So Much Hate for the Free Market?
Given the manifest superiority of the free market, why do so many intellectuals reject it?
Given the manifest superiority of the free market, why do so many intellectuals reject it?
“Force is wrong,” Darrow wrote. “A bayonet in the hand of one man is no better than in the hand of another. It is the bayonet that is evil.”
The literary accounts and studies of the Soviet Union, the Eastern Bloc, and Nazi Germany necessarily failed to grasp the root of the problem—namely, the psychopathological dimension of the inception and development of pathocracy.
Kulikowski's two-volume history of Rome offers many lessons in what was at the center of the empire. What was Rome? It was violence—political violence as an organizing principle.
Graeber and Wengrow are right to question stage theories of history, but they pass by in silence the laws of economics that show the necessity of the free market for a complex modern society.
The reality is the primary quality of an entrepreneur can’t be taught: the stomach to risk everything and keep wanting more.
The reality is the primary quality of an entrepreneur can’t be taught: the stomach to risk everything and keep wanting more.
Bob Murphy provides the “intelligent layperson a concise yet comprehensive overview of the theory, history, and practice of money and banking, with a focus on the United States.”