According to “The Upshot” column in the New York Times, there’s a problem with cheap goods that needs fixing. It’s … Continue reading “There is nothing wrong with falling prices”

Continued from Part 2.   Sir Robert Peel and the End to the Corn Laws In 1841, Sir Robert Peel … Continue reading “How free trade made Europe great (Part 3)”

Continued from Part 1.   The Corn Laws Tighten the Trade Restrictions However, when Napoleon was defeated in 1815, rather … Continue reading “How free trade made Europe great (Part 2)”

We are in the midst of the centenary of the First World War, which was fought from 1914 to 1918. … Continue reading “How free trade made Europe great (Part 1)”

It is a constant struggle to persuade people that the market is not an arena of battle where one side … Continue reading “The double thank you of the market”

Critics of liberalism and the market economy have made a long-standing habit of inventing terms we would never use to … Continue reading “There is no such thing as ‘Trickle-Down Economics’”

In his book, ‘Biblical Economics’, theologian R. C. Sproul Jr. notes that Jesus “wants the poor to be helped” but … Continue reading “Rendering Unto Caesar: Was Jesus A Socialist? (Part 2)”

On June 16, 1992, London’s Daily Telegraph reported this astonishingly bold remark by former Soviet leader Mikhail Gorbachev: “Jesus was … Continue reading “Rendering Unto Caesar: Was Jesus A Socialist? (Part 1)”

Several anticapitalist slogans riff on the contrast between people and profit, and nobody thinks John Lennon’s song “Power to the … Continue reading “Only capitalism delivers true ‘People Power’. Everything else is just state power”