Economics

“Humanity knows just two theoretical forms of organizing public interactions, says Alex Tokarev. All real socio-economic systems that have evolved through the centuries are a mix of the two opposite ideological concepts”

“…after 21 years and hundreds of articles debunking the claim, the idea that gender pay gap is a real problem is a myth that just won’t die.

“…such measures are bound to reap a range of deleterious effects, from raised consumer prices to increased unemployment to reduced working hours to outright business closures. Contrary to the popular narrative, those consequences tend to hit small businesses and less-skilled workers first and hardest.”

“[W]hile rest is important and needed, work is what allows us to be productive, creative and focused on serving others. Work can provide a great sense of fulfillment, because it’s what God made us to do, regardless of whether it’s paid or volunteer work.” IFWE

“What many of us (I’m tempted to say true capitalists) prefer is not an amorphous capitalism, but an economic system that is outgrowth of the natural order of liberty: a free economy.

“[W]hen we hear reports that between 14 and 16 percent of Americans are living in poverty, few people bother to ask, “Are they talking about consumption or income?”

“The ‘practical’ differences between capitalism and communism are tremendous, and surely that offers some clue as to what lies beneath.”

A Nation of Plenty: Food Insecurity vs. Hunger

“The term ‘income inequality’ is deceptive. It is used to imply that income equality is the norm and anything else is abnormal and harmful to society.” Income Inequality and Legal Plunder

“As Steve Horwitz argues in a preview of his forthcoming book, Hayek’s Modern Family, our newfound liberty and accelerated activity in the Economy of Creative Service has actually freed us to devote more to other spheres of stewardship, not less”