Bastiat would give him a failing grade.

Why Schumpeter was pessimistic about the survival of capitalism.

Four tweets that illustrate the power of creative destruction.

Here are 4 key arguments.

Why destruction is beneficial.

A key measure of a healthy and dynamic economy is for the job gains to exceed the job losses.

Creative destruction is the best part and worst part of capitalism.

An unfettered market produces the best results for the vast majority of people

Lefists are right: capitalism kills jobs!

I sometimes wonder whether journalists have the slightest idea of how capitalism works. In recent weeks, we’ve seen breathless reporting on the $2 billion loss at JP Morgan Chase, and now there’s a big kerfuffle about the falling value of Facebook stock. In response to these supposed scandals, there are all sorts of articles being […]