Many economic fallacies are due to conceiving of economic activity as a zero-sum contest, in which what is gained by one is lost by another. This in turn is often due to ignoring the fact that wealth ...
Some see private enterprise as a predatory target to be shot, others as a cow to be milked, but few are those who see it as a sturdy horse pulling the wagon.
[A] rock-star preaches capitalism. Wow. Sometimes I hear myself and I just can’t believe it. But commerce is real. . . . Aid is just a stopgap. Commerce—entrepreneurial capitalism—takes more people ou...