Photo by citron_smurf 1. On the Role of Government “The recognition of individual rights entails the banishment of physical force from human relationships: basically, rights can be violated only by means of force. In a capitalist society, no man or group may initiate the use of physical force against others. The only function of the…
In the 1980’s and ’90s, rising crime, dilapidated streets, and a perception that police alone could not keep the streets of America safe led a few cities to take matters into their own hands. In cities such as New York, Los Angeles, Chicago, and Detroit, business and property owners banded together to form umbrella organizations…
These Facts about Wal-Mart will Surprise You They’re one of the most hated companies. Often called “evil,” Wal-Mart is the largest retailer in the nation. Is their reputation earned or undeserved? Photo by FreeVerse Photography 1. Leading Employer of Veterans Wal-Mart has been a leading employer of veterans for some time. In 2013, the company…
Photo by kenteegardin 1. Higher taxes help the poor High taxes do not help the poor; economic growth does. When the taxes go up, those costs are usually just passed on to other people or spending is restricted. Either way, the net effect is often a huge hit on the economy. Millions of small and…
Why your cash would likely test positive for drugs It is commonly known that about four out of five federal reserve notes in circulation at any one time will test positive for cocaine residue. Snopes calls them “dollar bills,” but it’s an accepted fact that your cash probably has cocaine on it. Trace amounts get…
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…
Many people will be shocked by these facts about world poverty…. Photo by Bob Jagendorf 1. World poverty has been cut in half In the past twenty years the world’s acute poverty rate has been slashed in half! Measuring poverty is based on daily consumption, not income. In 1990, 43% of the world lived in…
Photo by U.S. Army Corps of Engineers Los Angeles District 1. CBP spent 4.6 million to buy luxury homes for border agents A new Inspector General report has found that US Customs and Border Patrol spent more than $600,000 each on houses that were priced nearly seven times higher than market value. The homes, which…
Photo by pezhore 1. Standard Oil Co. Inc. Standard Oil Co. Inc. was an American oil producing, transporting, refining, and marketing company. Established in 1870 in Ohio, it was the largest oil refiner in the world. In the kerosene industry, Standard Oil replaced the old archaic distribution system with its own modernized vertical system. It…
Americans take into account different factors when choosing where to live. For some, the quality of schools is important. For others, the strength of the local economy or personal safety takes priority. To determine the best cities to live in, we used the data provided by 24/7 Wall St., Time magazine, and the U.S. Census…
Many people, including some who generally support free market principles, consider water to be a human right. To be fair, it is a natural resources that is every bit as important to life as oxygen, which is, of course, free. The overwhelming majority of people in the First World take it for granted, and those…
One thing we learn time and time again throughout our public education is that without government monopolies would spawn and gobble up all the capital. We are taught of an age of “robber barons” whose monopolistic greed spurred a new need for government mitigation into the economy. But is that factual? A closer look at…