The moral philosopher and political economist Adam Smith wrote in his work Theory of Moral Sentiments about a “man of system.” This conceited man believes in a plan for both government and society, and intends to enact it as if he were moving pieces on a chessboard. If only all of the pieces worked, acted, and moved as he demands, society would be perfect. The … Continue reading Failures of Central Planning: California City, Calif.
If you are a Millennial with atypical opinions, like me, you have probably heard somewhere along the way, “Oh, you’re too young to understand.” Usually this is used when someone doesn’t have the facts or logic to win an argument, so instead they turn towards the arbitrary number of how many times they’ve orbited the sun. Experience is a very important thing when making informed … Continue reading Kids These Days! (You’ll Understand When You’re Older)
Thank God for the government’s approval for my hairstylist when I go to the barbershop. Can you imagine the chaos and anarchy which would come from a world with no government requirements and fees before a stylist can begin work? Hair intended to be shoulder-length cut INCHES too short, mohawks cut too low, uneven layering! Thank God, in Arizona, when I needed my garage-door fixed, … Continue reading Government Regulation Run Rampant
Perhaps one of the most misunderstood economic concepts out there is “creative destruction.” The technical definition of the modern version of this concept is: Creative destruction refers to the incessant product and process innovation mechanism by which new production units replace outdated ones. This restructuring process permeates major aspects of macroeconomic performance, not only long-run growth but also economic fluctuations, structural adjustment and the functioning … Continue reading The Beauty of Creative Destruction
The popular libertarian-leaning presidential candidate, Rand Paul, suspended his campaign recently. Just like his father before him, it was always a long-shot going against more mainstream, less ideologically fervent candidates. For many liberty-lovers who are dismayed at this, a reminder is needed that the fight for libertarian principles has been and still is a long-term fight. It doesn’t rest within one single candidate. Let’s say … Continue reading Salvation Won’t Come From Washington
“These are the times that try men’s souls.” America is in trouble. No less now than 239 years ago, when the American Revolutionary War seemed all but lost, and the thirteen colonial states’ effort to separate from Great Britain seemed to be in vain. On Christmas Day of 1776, the Continental Army was sitting on the west side of the Delaware River, across from an … Continue reading The American Crisis
When I was watching the movie Deep Impact the other day, I realized that most people are perfectly fine with the implementation of socialism in a crisis. In the film, President Morgan Freeman, along with the other heads of state throughout the world, hide the fact that an “Extinction Level Event” (E.L.E.) was coming to destroy mankind, within only about a year. An asteroid 7-miles … Continue reading Would the Free Market Save the World?
Let’s be honest, who wouldn’t be willing to sell their non-vital organs to see a dinosaur in real life? Since the closest we can come is on a digital screen, it isn’t too surprising that Jurassic World has been such a box office success. It has become the third-highest grossing film of all time with $650 million domestically, and over $1.6 BILLION worldwide, trailing only … Continue reading Would the Free Market Allow for Jurassic World?