Singapore Is a Role Model for Prosperity

Singapore Is a Role Model for Prosperity

Brexit was a battle over whether the United Kingdom would: Be a component part of the European Union Be a self-governing democracy Now that British voters have chosen the second option, there’s a secondary debate about what path to choose. Many Brexit supporters hope...
Capitalism and Morality

Capitalism and Morality

Since libertarians are motivated by the non-aggression principle, it’s easy to understand why they support the capitalist system of voluntary exchange rather than alternative systems based on government coercion. But there are some who think markets are immoral, and...
More Economic Illiteracy from Pope Francis

More Economic Illiteracy from Pope Francis

Back in 2013, I talked to the BBC about Pope Francis and his bizarre hostility to free enterprise. Sadly, it doesn’t appear that the Pope took my advice (though I think it’s amusing that at least someone in the Vatican is paying attention). There’s a wealth of...
Capitalism Wins

Capitalism Wins

I’ve always been puzzled by those who criticize capitalism (“it’s unfair!” and “it’s coercive!”) and urge its overthrow or replacement. I actually agree with them that markets can be harsh, especially in the short run (think of the damage to the typewriter industry...