“An Audacious Promise: The Moral Case for Capitalism”
Even if we do not all get rich at the same rate, we all still get richer. To see the importance of this point, ask yourself: If you could solve only one social ill–either inequality or poverty–which would it be? Or suppose that the only way to address poverty would be to allow inequality: Would you allow it? This seems a no-brainer: poverty is a far larger factor in human misery than is inequality. If we could have steadily fewer people suffering from grinding poverty, is that not something to wish for, even if it comes with inequality? This appears to be the position in which we find ourselves. The only way we have discovered to raise people out of poverty is the institutions of capitalism, and those institutions allow inequality. Keeping people in poverty seems too high a price to pay in the service of equality. One is tempted to say that only a person who has never experienced poverty could think differently.
This dad punches the crap out of two girls attacking his daughter. Tell me you wouldn’t do the same if a pack of thugs were beating on your child. I...Read More
Associate Professor of Economics, North Carolina State Univ.
Occupy Wall Street is occupying every pundit’s commentary right now. I’d love to ignore it and focus on something else,
Up to this point, the far left has won the war for branding on the issue of Net Neutrality. Even
IRS Unleashed: Feds Show Up at Dairy Farm and Wrongfully Seize $62K from Farmer Without Investigation [Video]
Talk about fascist governmental overreach. Let me get this straight… if you deposit over 10k, the IRS can nail you.