There is, at the present time in the United States, a polemical and highly divisive debate taking place between the defenders and the critics of
Tag: free-market economics
The Need for Regulations
Thou shalt not steal; an empty feat, When it’s so lucrative to cheat. Arthur Hugh Clough The advocates of laissez-faire capitalism believe that government regulations
The Best of All Possible Economic Worlds
In Voltaire’s satirical novel Candide, the protagonist is told by his teacher Doctor Pangloss that we live in the best of all possible worlds, a
Financial Speculation is a Form of Gambling
The standard economic belief that all forms of investment are beneficial because they help the economy to develop and grow while creating jobs is becoming
The Folly of Anarchy: The Important Difference between Freedom and License
According to the doctrine of anarchy, government is neither necessary nor beneficial because all adult human beings are quite capable of managing their own affairs
Homo Stupidus 