#capitalism

If you want to be wealthy, spend less and invest more

Published by on Jan 5, 2017

Contrary to the claims of many progressives and socialists, wealth is not created primarily through labor; rather it is created through taking risks and having a willingness to delay gratification. Yes, labor can create some wealth by converting and combining lesser valued goods into more valued goods, but most labor is simply traded—it doesn't actually create much wealth. … Read this article

Reality: Goods and Services aren’t Free

Published by on Dec 18, 2016

Goods and services aren't free because they involve scarce resources. If you want heat, food, shelter, clothing, transportation, internet, and all the other things that make life comfortable and fun, you either have to make them yourself—chop wood and build a fire, dig a well, forage for food, etc.—or you have to trade for them using the goods and services you prefer to produce and/or you are better at producing. … Read this article

Capitalism for dummies (and socialists)

Published by on May 12, 2016

The whole notion of capitalism is that those with capital are incentivized to invest it in order to obtain a profit. If profits are outlawed or significantly reduced through confiscatory taxation, the incentive to invest is reduced or eliminated.

If profit is forbidden, I have no incentive to invest rather than consume. … Read this article

Drug Dealers and Tire Salesmen

Published by on May 21, 2015

A friend of mine recently posed an interesting question. He asked, "Assuming that drugs were legalized... what would you suggest is my right if a drug dealer moves in next door? What are my rights when it comes to protecting my property and my children?" I was in the process of replying when I realized my answer was really too long and complex for a Facebook comment and would actually make a decent blog post. … Read this article