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Neoliberalism Was Never about Free Markets
Neoliberalism Was Never about Free Markets From the beginning, it was about watering down classical liberalism. One of the most accusatory and negative words currently in use in various politically “progressive” circles is that of “neoliberalism.” To be called a “neoliberal” is to stand condemned of being against “the poor,” an apologist for the “the […]
Upon The Next Crisis, The Rules Will Suddenly Change
Upon The Next Crisis, The Rules Will Suddenly Change For the benefit of the elites; not the rest of us We can add a third certainty to the two standard ones (death and taxes): The rules will suddenly change when a financial crisis strikes. Why is this a certainty? The answer is complex, as it […]
“Free Stuff” Isn’t All That It’s Cracked Up to Be
“Free Stuff” Isn’t All That It’s Cracked Up to Be To my British and American friends who must deal with the socialist nonsense of Bernie Sanders and Jeremy Corbyn, I found this poem. It was written by Rudyard Kipling, the writer most hated by English Socialists in the 40s and an opponent to the interventionist […]
Wilhelm Ropke: The Economist Who Stood Up To Hitler
WILHELM RÖPKE: THE ECONOMIST WHO STOOD UP TO HITLER Sometimes there are men of principle who live their values and not merely speak or write about them. People who stand up to political evil at their own risk, and then go on to say and do things that help to remake their country in the […]
Do As You’re Told! – The Case For Social Engineering
Do As You’re Told! – The Case For Social Engineering Wherever we turn we are confronted with politicians, political pundits, television talking heads, and editorial page commentators, all of whom offer an array of plans, programs, and projects that will solve the problems of the world – if only government is given the power and […]
‘Democratic Socialism’ Means the Loss of Liberty
“DEMOCRATIC SOCIALISM” MEANS THE LOSS OF LIBERTY Democratic Party hopeful, Bernie Sanders, recently outlined what it means for him to be a “democratic socialist.” The problem is that the same label might be applied to most of the other candidates running in both the Democratic and Republican parties running to be the nominee for presidency […]
History Doesn’t Go In a Straight Line
History Doesn’t Go In a Straight Line Noam Chomsky on Bernie Sanders, Jeremy Corbyn, and the potential for ordinary people to make radical change. Noam Chomsky in 2011. Andrew Rusk / Flickr Throughout his illustrious career, one of Noam Chomsky’s chief preoccupations has been questioning — and urging us to question — the assumptions and […]
Fraud, Fools, and Financial Markets
Fraud, Fools, and Financial Markets Adam Smith famously wrote of the “invisible hand,” by which individuals’ pursuit of self-interest in free, competitive markets advances the interest of society as a whole. And Smith was right: Free markets have generated unprecedented prosperity for individuals and societies alike. But, because we can be manipulated or deceived or […]
Why Is Market Fundamentalism So Tenacious?
Why Is Market Fundamentalism So Tenacious? One of the great economists of the twentieth century had the misfortune of publishing his magnum opus, The Great Transformation, in 1944, months before the inauguration of a new era of postwar economic growth and consumer culture. Few people in the 1940s or 1950s wanted to hear piercing criticisms of […]
#ResistFinance
#ResistFinance It may just be fitting that today is May Day, the old remembrance of the once “great” destructive force of international communism. Of course, it still resonates largely because its proponents view it from the standpoint of actual purity. Stalin, you see, never really practiced it; as such it has supposedly never really been […]
The Fog – Comprehending the Invisible Hand | Armstrong Economics
The Fog – Comprehending the Invisible Hand | Armstrong Economics. COMMENT: I just wanted to thank you for all your charts and explanations of what was taking place on the DOW this week. I have been reading your work for the past five years and I appreciate that you make this available for everyone. I am trying […]
