Capitalism

Having Their Cake

October 1, 2000

Economics on Trial Ideas on Liberty October 2000 Having Their Cake by Mark Skousen “The duty of ‘saving’ became nine-tenths of virtue and the growth of the cake the object of true religion.” -JOHN MAYNARD KEYNES (1) In his 1920 bestseller, The Economic Consequences of the Peace, John Maynard Keynes made a profound observation about [...]

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An Enemy Hath Done This

September 1, 2000

Economics on Trial – Ideas on Liberty – SEPTEMBER 2000 by Mark Skousen “Government measures . . . give individuals an incentive to misuse and misdirect resources and distort the investment of new savings.” – MILTON FRIEDMAN 1 Several months ago, I had the opportunity of speaking before a Miami chapter of Legatus, a group [...]

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The Rise and Fall of an American Icon

August 26, 2000

Forecasts & Strategies Personal Snapshots August 2000 by Mark Skousen “The Chief didn’t believe in the Protestant ethic or trust in Poor Richard’s aphorisms. A penny saved might be a penny earned, but a penny borrowed was worth even more.” – David Nasaw, author The Chief: The Life of William Randolph Hearst In the past [...]

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If You Build It – Privately – They Will Come

August 26, 2000

Ideas on Liberty Economics on Trial August 2000 by Mark Skousen “Government provides certain indispensable public services without which community life would be unthinkable and which by their nature cannot appropriately be left to private enterprise.” – PAUL A. SAMUELSON If you take a course in public finance, you will invariably encounter the “public goods” [...]

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What It Takes to Be an Objective Scholar

April 1, 2000

Economics on Trial IDEAS ON LIBERTY April 2000 What It Takes to Be an Objective Scholar by Mark Skousen “It was the facts that changed my mind.” -Julian Simon (1) During the 1990s we watched the Dow Jones Industrial Average increase fourfold and Nasdaq stocks tenfold. Yet there were well-known investment advisers-some of them my [...]

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Greed Is Good — NOT!

February 1, 2000

Personal Snapshots Forecasts & Strategies, February 2000 Greed is Good — NOT! “Unbridled avarice is not in the least the equivalent of capitalism, still less its ‘spirit.’” — Max Weber Recently I heard free-market economist Walter Williams speak at a local college about capitalism. He quoted approvingly from Gordon Gekko, the fictional character of the [...]

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