"There are more things in Heaven and Earth, Horatio, than are dreamt of in your philosophy."
Relating to the performance of capitalist free-markets
Progressives never tire of promoting the Iron Law of Wages. First promulgated by Thomas Malthus and David Ricardo in the early 19th century, the Iron Law is touted by the … Read More
The vicious ideological warfare between the Left and the Right is caused by one salient question: Just how useful is government in solving social and economic problems? A subsidiary issue … Read More
2017 GDP per capita by Nation in constant 2010 U.S. Dollars. St. Louis Federal Reserve District Bank / GEOFRED In June of 2016, I wrote a post comparing economies of … Read More
The progressive view of American corporations dating from the late 19th century. The Robber Barons, seated on bags of millions of dollars, are supported upon the backs of the workers. … Read More
World Map of the GINI Index, published on Wikipedia.com in 2014. The darker a nation’s color, the larger its GINI index and therefore the more unequal its income distribution of … Read More
Ten-year moving time-averages of Northern EU countries’ GDP growth rates. All have currently fallen below 2% growth, with the exception of the Republic of Ireland, which in 2016 had 4.2% ten-year moving average … Read More
The major French presidential candidates for 2017. From Left to Right: Jean-Luc Mélenchon, Communist (Wikimedia Commons / MathieuMD), Emmanuel Macron, Center-Left En Marche! movement (Wikimedia Commons / Ecole polytechnique Université Paris), François … Read More
Automated pharmacology production Wikimedia Commons / FLAGRANGE This is the third essay in a series in which I answer progressive criticisms of neoliberalism (often mistakenly called conservatism). The author of … Read More
Let the Games begin! (c) Can Stock Photo / Mark2121 Over the last couple of years, I have been very hard on progressives on this website. It is no surprise … Read More
An imaginary European seaport painted by Claude Lorrain around 1639, at the height of mercantilism Wikimedia Commons / Musée du Louvre / Mbzt In the year 1776, the same year in which 13 … Read More
Reality to us: Oh, No, No! Don’t Go There! (c) Can Stock Photo / ngaga35 Usually when we do not recognize some aspect of the nature of Reality, Reality reminds … Read More
Particularly notable dirigistes from the past. From top-left clockwise: King Louis XIV of France, Karl Marx, Adolf Hitler, Benito Mussolini Image Credits from top-left clockwise: Wikimedia Commons/Louvre Museum, Wikimedia Commons/John Jabez … Read More
Constant Russian per capita GDP in 2010 US dollars (Blue curve) and its percent change from a year earlier (red curve). Image Credit: St. Louis Federal Reserve District Bank/FRED Data … Read More
The Moscow Kremlin, the working residence of the President of Russia. Wikimedia Commons/Минеева Ю. (Julmin) (retouched by Surendil) Will Adolph Hitler and Benito Mussolini have the last laugh on history? There seems … Read More
The storming of the Bastille, 14 July 1789 during the French Revolution Wikimedia Commons/Bibilothèque Nationale de France If you have read any of my posts and detected a somewhat gloomy … Read More
The Scandinavian Countries of Denmark, Norway, and Sweden Image Credit: Wikitravel/Stefan Ertmann In the previous post Are European States More Socialist Than The US?, I noted that American progressives had … Read More
Alphonse de Lamartine rejecting the red flag of socialism in front of the Town Hall of Paris during the 1848 French Revolution. Wikimedia Commons/ Henri Félix Emmanuel Philippoteaux (1815-1884) The … Read More
The draft Declaration of Independence being presented to the Second Continental Congress by the five man drafting committee on June 28, 1776. The five men standing before the Chair are … Read More
Country per capita GDP vs. WSJ/Heritage Foundation Index of Economic Freedom for 195 nations Data courtesy of Wall Street Journal/Heritage Foundation and the World Bank In a comment to the … Read More
World Map of countries by per capita GDP in 2014 Image Credit: St. Louis Federal Reserve District Bank/FRED Plus or minus a few controversial states (like Taiwan, the Holy See, and Palastine), … Read More
The Emperor has no new clothes! Image Credit: Wikimedia Commons/Vilhelm Pedersen (1820-1859) Given all their failures in suggesting successful economic policies around the world, one would have thought … Read More
John Locke (29 August 1632 to 28 October 1704), the first to develop a liberal philosophy that included the right to private property and the necessity for government to have … Read More
World Map of Transparency International’s perception of corruption index for 2015 Wikimedia Commons/Turnless If there is one area of agreement between believers in capitalist free-markets and American Leftists, it is that … Read More
Target the Rich! (c) Can Stock Photo The far-left in the United States — including President Barack Obama and the two Democratic Party candidates, Bernie … Read More
The Gods of Fascism: Benito Mussolini and Adolf Hitler Photo Credits: Left: Wikimedia Commons/time.com Right: Wikimedia Commons/German Federal Archives Whenever fascism is discussed, more often than not the characteristic emphasized … Read More
Gini Index World Map in 2014, income inequality by country according to World Bank Image Credit: Wikimedia Commons/M Tracy Hunter One of progressives’ favorite conversations is about income inequality, particularly … Read More
Justice awaits! Photo Credit: Flickr.com/S Baker Neither the Democratic electorate nor most of the media have shown much interest in Hillary Clinton’s legal troubles so far, but recent … Read More
The University of Chicago, where much of New Classical Economics was built by Robert Lucas, Jr. Photo Credit: Wikimedia Commons In my last post I began an examination of what … Read More
Storm Clouds of Socialism (c) Can Stock Photo / leedsn This essay is a continuation of my previous … Read More
