the economy | Individualist Ideas

January 30, 2017December 27, 2019

My Views On Economics

I’m an advocate of the complete separation of the state from the economy, i.e., of a 100% free market.

Economics depends on politics, and politics depends on philosophy. A given political system—capitalism, communism, fascism, the mixed-economy/welfare state, etc.—represents the application of a particular set of philosophical premises, including moral premises, to the question of the proper role of government. Economics then describes the effects of a government’s activity on the production, trade, and so-called “distribution” of wealth.

January 25, 2017December 27, 2019

The Theories of John Maynard Keynes

John Maynard Keynes (b June 5, 1883, Cambridge, Cambridgeshire, eng.—d. April 21, 1946, Firle, Sussex), was an English economist, journalist, and financier. Although prominent in politics, he achieved his greatest fame as the author of “The General Theory of Employment, Interest and Money” (1935-36), and as a result of the influence of this work became the most influential economist of the twentieth century.

January 20, 2017December 27, 2019

The Real Right to Medical Care vs. Socialized Medicine

(Summary of George Reisman article by Chuck Braman, published in Serial 104-49 for the use of the Committee on Ways and Means by the U.S. Government Printing Office in 1996.)

January 18, 2008November 19, 2019

Environmentalism vs. Business (published in New York Times)

In “The Greens vs. Germany’s Welfare State,” writer Martin Hefner attempts to deny the economic destructiveness of the Greens’ policies by ignoring their motives and absurdly claiming that the Greens are “allies” of business.

In fact, the premises held by the Greens are the exact opposite of the premises held by businessmen. According to Environmentalism, the business production that makes possible the urban and suburban environment of man should be eliminated because it “destroys” the “natural” environment of everything that isn’t man.

There is no way in logic to reconcile opposite principles. Environmentalism is undeniably a friend to trees, swamps, the unused oil under the ground and the caribou above it. It and its leaders are just as undeniably enemies of economic activity and human well-being.