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August 07, 2018

Socialism dehumanizes the poor…and socialists: Socialist leader

Socialism claims that its collectivist economic plans “put people first.” But even the philosophy behind socialism dehumanizes everyone involved – according to one of the foremost socialist leaders. Marxism is rooted in the concept of dialectical materialism, the pseudo-scientific assertion that the endless churning of class conflict between the rich (bourgeoisie) and the poor (proletariat) eventually produces a worker’s paradise. Continue Reading...
August 07, 2018

What do banks do?

Note: This is post #88 in a weekly video series on basic economics. Borrowing and saving plays an essential role in our economy, and banks often serve as their primary link. Continue Reading...
August 03, 2018

Welfare states cultivate the sin of sloth

Alfred Tennyson wrote, “In the Spring a young man’s fancy lightly turns to thoughts of love.” But each summer “in Mediterranean countries, the youth seem to be haunted by the same pressing question: ‘Will i get a proper job?'”  Continue Reading...