"THE BEGINNING OF THE RENAISSANCE OF THE FREE-MARKET MOVEMENT"? Delivered to Cato University, Rancho Bernardo,California, July 30, 2009 Freedom is under assault in America, and has been for a while. we went through a lot in the Bush years-the excesses of the Patriot...
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We use “posts” as “lessons.” Lessons support Classes. And Classes are structured around a “curriculum that is personalized to the “learner.”
Adam Smith – Self Interest
It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own self-interest. We address ourselves not to their humanity but to their self-love, and never talk to them of our own necessities, but...
Argument for Small Government Using Adam Smith
Adam Smith long ago recognized that “natural liberty,” which resulted from eliminating unjustified preferences and restraints, needed a government far smaller than one requiring innumerable regulations and mandates as well as trillions of dollars of taxes each year....
Hayek – Central Planning
This is not a dispute about whether planning is to be done or not. It is a dispute as to whether planning is to be done centrally, by one authority for the whole economic system, or is to be divided among many individuals.
Von Mises – Economics
Ludig von Mises
Aggregate Demand
Aggregate demand is an economic measurement of the total amount of demand for all finished goods and services produced in an economy. Aggregate demand is expressed as the total amount of money exchanged for those goods and services at a specific price level and point...
Fractal Politics 2
Fractal Politics The evolution of digital technologies and the evolution of contemporary society and politics have facilitated fractal thinking. It is fairly obvious that technology innovations can facilitate cultural and political innovations, which in-turn...
12 Economic Concepts
Twelve Economic Concepts Everyone Should Know 1. Gains from trade: In any economic exchange, freely chosen, both parties benefit–at least in their own minds. 2. Subjective value: The value of any good or service is determined by the individual human mind....
Adam Smith – Invisible Hand
From An Inquiry into the Nature and Causes of the Wealth of Nations, Book IV, Chap. 2 by Adam Smith. By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce...
Henry Ford and the $5 wage
He says Ford proved that higher wages led to more productivity, which in turn was good for business. That positive feedback loop gave rise to a broad, prosperous middle class. But over the years, waves of economic pressures and political changes have broken that link....
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