Tag: free market

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In A Free Market, No Profit Is “Excessive”

Profits are never normal. They appear only where there is a maladjustment, a divergence between actual production and production as it should be in order to utilize the available material and mental resources for the best possible satisfaction of the […]

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The Fed: Soviet-Style Economic Propaganda?

The Fed: Soviet-Style Economic Propaganda? “That,” I tell the Russian economist, “is quote-of-the-day material.” We’re sitting in this small conference room in the center of Moscow, talking of opportunities in a misunderstood, wrongly despised economy, when the conversation turns to […]

France Is “Pro-Business” In The Worst Possible Way

France Is “Pro-Business” In The Worst Possible Way

France Is “Pro-Business” In The Worst Possible Way by Donald J. Boudreaux, Foundation For Economic Education In popular discourse, America is said to be more “pro-business” than is France.  When people use this term “pro-business” they typically have in mind […]

What Did Venezuela Use Before Candles?

What Did Venezuela Use Before Candles?

What Did Venezuela Use Before Candles? by Daniel Bier, Foundation For Economic Education Electricity. Q: What did socialists use before candles? A: Electricity. It’s an old joke, but unfortunately, dark humor is the reality in Venezuela. The socialist regime of Hugo […]