A Nation’s Greatest Asset
Throughout the history of mankind, people and nations have sought to accumulate wealth. Brutal wars have been waged for the purpose of conquering territory and seizing resources. Great stores of precious minerals and gems have been hoarded by kings. Vast…
Wealth is NOT a Zero Sum Game
Almost the entire discussion over “distribution of wealth” seems to be based upon a major fallacy. Practically every proposal or debate I ever see on the subject contains the sometimes implied and sometimes implicitly stated assumption that there exists a…
Value and Price
Sometimes it seems as though the concept of “value” is just as misunderstood as it is fundamental to economics and to our society in general. I’m not sure why it’s misunderstood. It’s a very simple concept and even familiar to…
A Proper Welfare System
When someone who grew up in the Soviet Union tells you that your country is doing socialism wrong, you know you’ve got problems. My friend and I would go out to lunch sometimes – just the two of us…
There is no “Poverty Line”
The term is absurd. Okay, at this point, I’d like to invite anyone who wishes to do so to quote the title of this article and perhaps a few select lines from it out of context and claim that this…
The so-called “Fair Tax”
Recently, I’ve seen an advertisement being passed around FaceBook regarding a proposed “Fair Tax.” It is a proposed simplified tax on sales that would replace both the personal and corporate income tax and (supposedly) eliminate the Federal Internal Revenue Service.…
The Percent Wealth Tax Heist
Let’s just start right in on the obvious: First of all, taxes are necessary in a well organized society. Capitalism – yes, the “free market” capitalism that so many freedom lovers love to promote – requires a certain amount of…
What about the Gold Standard?
Use of the gold standard is a controversial topic. Proponents insist that it would limit inflation as well as government oppression and overreach. They say that the currency that we use should be tied to and be able to be…