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Tag Archives: capitalism

(The beauty of capitalism) Everything in this 1991 RadioShack ad exists in a single smartphone

This is from the Huffington Post via HigherPerspective.com.

Tech is pretty much the least regulated part of our economy. Is it any wonder why such miracles have been born? Just imagine the innovation which could be released in other parts of the economy if we allowed it.

The natural tendency is for prices to fall for consumers in a free economy. In a restricted and managed economy the goal is always to have at least a bit of inflation. That way the debt game keeps rolling.

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Why do people fear the Kochs so much?

So the Kochs are going to spend a billion (on think tanks, etc.) in the next election. You know what? I don’t care.

Why Nick? You’re against crony capitalism. Super rich guys spending money on elections doesn’t concern you?

On one level it does. One should always keep a close eye on anyone throwing money around in the political sphere. If the Kochs ever try to buy a law for their benefit, if they ever posture for a crony handout paid for by the taxpayers we will be the first to highlight them.

But it’s not like the Kochs are trying to get the state to work on their behalf. They aren’t trying to leverage the power of the government for their ends.They aren’t like Tom Styer for instance, the biggest political giver of the last cycle who wants specific legislation enacted which will benefit his bottom line in addition to his political aims. The Kochs simply want a smaller state and that in my book is a very admirable thing.

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Behind the 8% plunge in China’s stock market (today)

As we have noted for a while, the Ultimate Crony Capitalist state, China, is seeing very rough waters economically. A massive property bubble (and bust) fueled by Keynesian shortsightedness, not unlike the one we experienced here a few years ago, but much bigger is gripping the country. The Chinese dream is “maturing.” For the first time since emerging from the insanity of Mao the PRC is experiencing real economic pain.

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San Francisco rent control contributes to housing shortage

This op-ed was written by a colleague of mine in San Francisco, Bill Shireman. His organization, Future 500 is a client.

I have written a number of times about the City by the Bay at ACC. It is a fascinating place. A refuge for the weird and for the rich and for the weird and rich. Jammed onto the tip of a peninsula, space is at a serious premium. Throw in a government which is very very “liberal” and all sorts of strange economic phenomena occur.

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The entrepreneur, a vanishing species?

It’s hard to start a business. It takes skill, capital, tolerance of risk, and just good old hard work. Layer the red tape on top of all the things a business owner must contend with in the marketplace these days and it’s not surprising that we are losing more businesses than we are creating as an economy.

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Champion of the market Tyler Cowen praises Keynes?

Tyler Cowen is considered one of the most influential market oriented economists in the world. He heads the increasingly important Mercatus Center at George Mason University just outside of Washington DC and his website A Marginal Revolution is widely read. I once heard him speak at a Students for Liberty conference where he was warmly received by 250 fire breathing young activists. Cowen has serious free market credibility. That’s why it is frustrating to see Dr.Cowen heaping praise on perhaps the most destructive economist to tread terra firma, JM Keynes.

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Why Budweiser’s decline is a triumph of capitalism, taste

You think The Camp David Accords were Jimmy Carter’s only triumph? Well he has another – the end of the prohibition of home brewed beer. This law (no executive order needed) allowed the birth of the microbrew revolution. Truly, the world is a better and tastier place for this act of liberalization. I’ll raise an IPA to Jimbo.

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Let’s all give thanks for our rogue founders, dissidents, gamblers, hunters, moonshiners, speculators

It’s easy to forget in this time of political correctness, in this time of regulated EVERYTHING, in this time of Black Friday sales, and Oprah Winfrey Shows, airbags, and helicopter parents that this country used to be a very rough and tumble place – and it wasn’t all bad. Indeed America was a blank canvas for many, full of opportunity as much as peril. America was a place where peasants came and carved out a living, in the hopes of achieving much more than just a living. Some, many, of them achieved real wealth. Something which could never have been achieved in Europe where society was stratified and barriers to entry of all sorts abounded.

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