Private Coinage
"It is surely folly to say that government must socialize all property in order to prevent anyone from stealing property. Yet the reasoning behind abolition of private coinage is the same."
"It is surely folly to say that government must socialize all property in order to prevent anyone from stealing property. Yet the reasoning behind abolition of private coinage is the same."
Entrepreneurship is the key to real development, but cultural attitudes are often a significant barrier to entrepreneurship in the developing world.
People decrying poverty in developing countries usually overlook the fact that there is a dearth of long-term economic thinking.
"It does not require a majority to prevail, but rather an irate, tireless minority keen to set brush fires of freedom in people's minds."
In their aggressions against neighbors the Spanish and English established the policies to be applied to alien peoples through conquest or extermination.
Many of the best-known civil rights leaders eschewed entrepreneurship, emphasizing that blacks seek employment in the professions and government jobs.
Many of the best-known civil rights leaders eschewed entrepreneurship, emphasizing that blacks seek employment in the professions and government jobs.
Progressives believe that economies should be run by high-IQ "experts." But successful market economies require entrepreneurs with an idea and the willingness to face uncertain economic conditions.
Socialists once argued that socialism would best capitalism in terms of wealth creation. Now they don't say capitalism leads us to poverty but to too much wealth.