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The Ramifications of a Welfare State
The main problem with welfare such as unemployment benefits, or government handouts, is that it de-capitalizes the productive members of society and capitalizes unproductive members. The productive members are the entrepreneurs. Those who predict what goods consumers will demand in the future and produce them in the present. When the government imposes taxes, it takes…
10 Times Inflation Destroyed Economies
As a result of the defeat in World War I, Germany had to pay reparations in gold or foreign currency, in annual installments of 2 billion goldmarks plus 26 percent of the value of Germany’s exports.
Just what is Capitalism?
What is capitalism? According to many it is a system of exploit where the few and powerful will suck the rest of us dry. Or so the fascists, and communists, and all those who’d like to run your life would have you believe. Capitalism is economic freedom. It is the absence of regulation between two…
100 Entrepreneurs Who Changed The World
Photo by Tuuur 1. Henry Ford 1863-1947 “If I had asked my customers what they wanted, they would have told me a faster horse.” Founder of the Ford Motor Company, Ford transformed the modern world when his company’s Model T made automobiles affordable for the average man. By revolutionizing the production line, Ford was able…
Money is The Root of All Good
“The man who damns money has obtained it dishonorably; the man who respects it has earned it.”–Ayn Rand Money is a medium which facilitates trade, representing a value based on productive labor. It is not greed embodied, nor is it a source of evil. Avarice, greed, and gluttony are what people are truly lamenting when…
Lobbying and the Misconceptions about It
Lobbyist are often decried as the reason for most of what is wrong with our country, government, and society as a whole. They are those lowdown scoundrels of big moneyed influence and corporate cronyism who buy congressmen as easily as one orders Chinese takeout, and who have sinister influence on all matters of policy. The…

