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Raushan Gross: Socialism Cannot Work, Not Even in an AI-Driven Economy

August 1, 2023/in Articles, Featured /by Raushan Gross

One of the promises of socialism is to replace free market exchange and emergent pricing with central planning through computerized economic calculations. It’s not possible.

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Capitalism

Only Capitalism qua Capitalism Saves the Planet From the Slavery’s Equality

January 4, 2021/in Articles /by Mark Shupe

The unknown ideal, the ultimate solution to social domination, and its horrid extreme – slavery, is the self-evident morality of capitalism. It is the socioeconomic system that bans force from all voluntary, human interaction. Free markets are rooted in rational self-interest, its foundation is the morally derived principle of rights, and their axiomatic truth is in the primacy of existence.

The Scientific Method of Deductive Reasoning Proves the Moral Foundation of Capitalism

December 14, 2020/in Articles /by Mark Shupe

If “knowledge and objective truth were open to all men” (Locke’s epistemology in Chapter 1), and error naturally flees when “reason and experiment have been indulged,” (Jefferson in Chapter 2), then any despot’s grip on political power is no stronger than the weak minds that sanction their own victimhood!

An Entrepreneur Who Dares To Celebrate Capitalism.

December 9, 2020/in Articles /by Hunter Hastings

Much of today’s political class sees businesses as sources of funds to be drained to serve leftist purposes. This is plainly unsustainable. As British Prime Minister Margaret Thatcher famously said, “the trouble with socialism is that eventually you run out of other people’s money” because no wealth is produced, only transferred.

Entrepreneurship

The New Economics Of Value And Value Creation.

March 29, 2021/in Articles /by Hunter Hastings

The equivalent perspective in Austrian economics comes from methodological individualism – the study of economic energy at its smallest possible scale: the individual, individual choices, and individual transactions. These interactions and transactions roll up into the complex, swirling, ever-changing systems we call firms, markets and, ultimately, economies.

Individualism Has A Bad Name, But It’s The Best Philosophy For Society.

February 24, 2021/in Articles /by Hunter Hastings

Individuals strive for what they think is desirable, and markets transmit this striving as exchange and trade that benefits many. The unlimited variety of human gifts and skills is orchestrated by markets even though all the members of society who benefit are unaware of most individuals’ contributions.

Fighting Poverty With Entrepreneurship.

February 18, 2021/in Articles /by Hunter Hastings

By investing in EZones with public funding, private investment, grant funds, and tax credits, economically challenged communities can generate the revenue and jobs needed to reduce local poverty in a sustainable way (without the need for long-term government funding).

Free Markets

Our Monetary Future Is Looking Better.

February 12, 2021/in Articles /by Hunter Hastings

What would you the reader prefer to earn? A J.P. Morgan dollar, a Walmart dollar, an Amazon dollar, a Facebook dollar, or a Federal Reserve Note? Please think about this with Treasury’s oversight of those Federal Reserve Notes top of mind. In 1971 those dollar notes purchased 1/35th of an ounce of gold, while today a dollar buys less than 1/1800th.

Markets Work. Government Doesn’t.

January 9, 2021/in Articles /by Hunter Hastings

California’s Secretary of Health and Human Services, Mark Ghaly, let the mask (pun intended) slip on December 9 when he admitted that the newly imposed ban on outdoor dining was “not a comment on the relative safety of outdoor dining”, but rather had to do “with the goal of keeping people at home.”

Once The Government Gets Involved In Any Market, Rampant Price Inflation Follows.

December 27, 2020/in Articles /by Hunter Hastings

One trait all bubbles share is an obscured understanding about the value of a commodity relative to its actual worth. In this instance, it’s why you see people paying $100,000 for a degree in graphic design that might pay them $40,000.

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