The occupiers are barking up the wrong tree. The problem isn’t capitalism — it’s government power. They’re right to complain about big bank bailouts, but capitalists can’t do this in a free market. Only the government can steal money from taxpayers and give it to the banks. ACORN’s involvement in organizing the Occupiers is proof …
The millionaires and billionaires are being targeted for what event organizers called a “willingness to hoard wealth at the expense of the 99%.” via Occupy Wall Street: Coming to a mansion near you – Oct. 10, 2011. TAL Commentary: The occupiers — paid to protest capitalism (think about that) — have it all wrong, which …
The Real Problem on Wall Street is Government Power Read More »
I can’t go to your house and simply demand your money — you don’t have to give it to me. If I use force, you can defend yourself. But for some reason we have accepted the idea that I can go to your house with several armed men and force you to pay up, as …
Introduction to Mobonomics Part 2: Redneckonomics In Part 1 — TANSTAAFL, we discussed what happens after a hurricane in Mobile, Alabama, and the advantages of a free market economy over the Mobonomics of State intervention. In our scenario, Nick bought generators in Birmingham and sold them at high prices in Mobile. Soon there was competition …
Part 1: TANSTAAFL — There Ain’t No Such Thing As A Free Lunch. This means that whatever you get, you’re paying for it one way or another. Whenever people are free, they allocate resources by pricing — think of this as “price-rationing.” But when the government intervenes, it does “political-rationing.” Only price-rationing actually works in …