Free Markets

Unsurprisingly, Javier Milei’s free-market and antistate initiatives face opposition in Argentina. Whether he is successful depends on his being able to politically outlast his collectivist opposition.

Progressives claim that profits are an unjust transfer of wealth from the poor to the rich. In reality, entrepreneurs earn profits by directing resources from less valued to more valued uses to satisfy consumer needs.

Unsurprisingly, Javier Milei’s free-market and antistate initiatives face opposition in Argentina. Whether he is successful depends on his being able to politically outlast his collectivist opposition.

Ingrid Robeyns doesn't want to abolish markets and replace them with central planning. However, as David Gordon points out, her ideas on reducing inequality reflect the belief that progressives can create a fantasy world, state control without the consequences.

In today’s edition of Friday Philosophy, David Gordon reviews The Prophets of Doom by Neema Parvini. The author deals with conservatives that believe that free markets threaten the virtue of our society.

Free markets in agriculture undermined communist governments' attempts to collectivize farming. You can strike a blow against state control by simply gardening.

A strategy for liberty must be both optimistic and realistic. Murray Rothbard understood that important point and laid out strategies and their moral justification.

F.A. Hayek coined the term spontaneous order to point out that the prosperous societies are also societies where people are free to pursue their own goals. The result is, ironically, harmony that cannot come about through central state planning.

In this review of Edward Chancellor’s The Price of Time, Joakim Book notes that a market economy cannot function correctly when central bankers manipulate interest rates.

In a new book, The Natural Order of Money, Roy Sebag argues that money is the "extension of the natural order," and that it is not arbitrary.