Size Isn’t What Makes A Business Good or Bad

America has an unfortunate tendency to impute merit into sizes: big business is innately predatory and harmful, while small businesses are inherently a boon to the community. From some perspectives, this is understandable: when the big box hardware chain sweeps into town and shutters the corner store that’s stood there since grandma and grandpa’s day, unfolding events can seem like an injustice. Local craftsmen lose their livelihoods and the entire community is a little less…

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The Inherent Pluralism of Currency’s Value

Money is a tool for measuring value. It creates an empirical framework, making it possible for individuals who have different hierarchies of values to be able to trade to their mutual benefit. Money creates a baseline which entities with different ends in mind can gauge the fairness of their transaction. For example, suppose you are hungry and go into a deli to purchase a sandwich. The owner of the store charges you $5. To him,…

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Trump’s Tariffs Are Economically and Politically Disastrous

In an apparent bid to make mercantilism great again, the Trump administration has amped-up its pursuit of protectionist trade measures in recent months, even as others within the president’s own party descry the adverse effects these policies will likely have on the domestic economy. For his part, the president—always a fan of a good superlative—has touted tariffs on the grounds that they facilitate not simply free trade but a more refined type of trade, one…

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The Rise of Economics as an Element of National Security: Part 2: Not All Forms of Production Are Created Equal

Read Part I: The Inequity Engendered by Protectionism National security, as it has been traditionally understood, defends against war and other forms of destructive treachery posed by hard power. The rise of economic security nominally does the same, though it is the hemorrhaging of money, not blood, which is of concern. Marketplaces become metaphorical battlefields, the size of which is determined by the amount of money and number of transactions involved. The government, when it…

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The Rise of Economics as an Element of National Security: Part I: The Inequity Engendered by Protectionism

National security has become the catchall justification for government inserting itself into matters which are beyond the purview given it by the Constitution. The definition of what constitutes a threat has expanded to a point where all manner of things are now regulated under the guise of protecting the people. Security is no longer simply about protection from physical harm, but also a function of stability and prosperity; it is not about the largely passive…

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Free trade is fair trade

The current dichotomy which is being promoted between “fair trade” and “free trade” is utterly nonsensical. Free trade is the only type of fair trade. Free trade empowers the actors considering entering into a business relationship to set their own standards of what constitutes “fairness.” If all parties can come to a consensus where their individual ideas of what is “fair” to them are met, then they move forward with their relationship; elsewise, they abandon…

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Capitalism hasn’t failed, but it is dead

With a sense of moral smugness that imputes Karl Marx’s theory on the stages of history is finally being proven true, opinion from the self-appointed intelligentsia increasingly posits that capitalism has failed, or that America is moving towards a post-capitalist system. Snide insinuations about the supremacy of leftist economic theories which turn the commodification of people into a simple matter of policy aside, their conclusion is, in part, correct. America is not capitalist. And it…

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