Capitalism is an inherently moral system of political economy, based on its voluntary nature and its reliance on virtuous human traits. The entity that embodies capitalism in the market – the firm or corporation – hones and enhances these virtues through a vast array of mutually beneficial exchanges, which
in turn enable further types of interactions beyond the realm of business. The genius of the market is that it enables a wide array of individuals, groupings, and associations to organize spontaneously to advance their various interests in a cooperative fashion that yields win-win arrangements.
in turn enable further types of interactions beyond the realm of business. The genius of the market is that it enables a wide array of individuals, groupings, and associations to organize spontaneously to advance their various interests in a cooperative fashion that yields win-win arrangements.
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Citation
DOJ investigation could push Powell to hold on to his seat at Fed
The Washington Examiner cited CEI’s expert on Powell Ryan Young, a senior economist at the Competitive Enterprise Institute, said that Powell choosing to remain in…
Reuters
A back-of-envelope evaluation of national tax rates and freedom levels
Reuters cited CEI’s expert on tax rates & political systems Richard Morrison, a senior fellow at the Competitive Enterprise Institute: “Low-freedom countries may have low…
Blog
Politicians need to think beyond stage one on credit card price controls
President Trump, in a Friday news dump on social media, proposed price controls on credit card interest rates. He wants to cap annual rates…
