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1. Korea Once a united peninsula and people, the Koreans were split apart by the polarizing effects of Communism which were imported from the Bolshevik Revolution in Russia. After World War II ended, the Soviet Army advanced into Korea and left troops in the North. Kim Il-Sung, considered to be the first Korean Communist, began to…

10 Myths About FDR and The Great Depression
Photo by woodleywonderworks 1. Government Spending Ended the Great Depression A commonly held belief is that government spending stimulated the economy and eventually ended the Great Depression. Reality is excessive government spending took badly needed resources from the private sector and spent them on insolvable government programs and jobs that produced no real values. The…

The Case for Competing Currencies
Almost forty years ago the economist Friedrich Hayek wrote a book entitled Denationalisation of Money-The Argument Refined: An Analysis of the Theory and Practice of Concurrent Currencies. Its thesis was that money and monetary order would be better provided by the private sector; instead of a central bank issuing a national currency, Hayek advocated a…

10 Best Movies with Capitalist Themes
Coffee’s for closers…….. Here’s the 10 best movies with capitalist themes in no particular order 10. The Pursuit of Happyness Will Smith stars as Chris Gardner in this amazing portrayal of a man dedicated to providing a better life for him and his son. When he invests his savings in bone density scanners to sell…

Regulatory Capture: Wolves Guarding Hen Houses
Regulatory Capture is a process by which regulatory agencies become dominated and directed by the corporations or special interests they are supposed to be regulating. It’s like putting the mafia in charge of writing regulations for bookmaking. Most generally associated with Nobel laureate George Stigler and postulated as an actual theory in the early 1970’s,…

How Sanctions are effecting the Russian Economy
Keith Farrell The downing of Malaysian Airlines flight 17 has raised tensions that seemed to be cooling between Vladimir Putin’s Russia and the West. Western leaders have threatened to levy additional sanctions against the Russian economy as finger pointing over the incident continues. The West has joined together to decide just how to punish Russia,…