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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Let’s put the next SpaceX in our 401(k)s before its launch onto public markets
As Artemis II achieved liftoff for the first moon voyage in more than 50 years, space news also rocked the investment world with the breaking…
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The consequences of American socialism: A review of John Kenneth Galbraith’s Economic Development
John Kenneth Galbraith’s 1963 book Economic Development asks the same question Adam Smith asked: where does wealth come from? His answers are very different…
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The missing guardrail in crisis politics: Discipline
Modern American governance has developed a troubling pattern. Economic shocks like the 21st century’s financial panics and pandemic are often met with vast expansions of…
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When Kittens Explode
A fascinating Kickstarter funding campaign just ended yesterday, and it was a major one. A new card game with the alarming title of “Exploding…
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The Empire Strikes Back!
Right-of-center groups have for some time become a bit complacent. Sure the left had the universities, the media, and pop culture—but we had the think…
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Educating Tomorrow’s Business Leaders on Markets and Politics
This weekend I attended a fascinating event at the University of Maryland’s Robert H. Smith School of Business on the subject of economic inequality. Prof. …
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Seven Quotes about Communism: Take 2
A few years ago I assembled several quotes about Communism that I thought would make good epitaphs for it. Unfortunately, the ideology has turned…
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Thanksgiving and Markets
When the Pilgrims of Plymouth Colony celebrated the first Thanksgiving on Massachusetts’ Cape Cod, they shared a feast with the Pokanoket tribe, in thanks to…
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Corporate Action against Disease Points Way to Resiliency Strategy for Developing World
In a piece at The Freeman today, I examine how corporations in the developing world have reacted to the threat to their workers from diseases such…
