Zero-Sum Everything

A core premise of capitalism and free markets is that people voluntarily enter into exchanges and interactions with each other. Each does so because he believes there’s a benefit to be gained from that exchange or interaction. Thus, the benefit is mutual. It is...

Scarcity Pricing and Price Gouging

In the wake of Hurricane Harvey, and ahead of the likely devastation of Hurricane Irma, social media is awash in expressions of outrage over what is commonly labeled as “price gouging.” For the few unaware of the term, price gouging is a (derogatory) term...

Energy is Life

The preparations for Hurricane Irma’s Florida landfall served to shine light on a core reality of modern life: energy is fundamental. The mass exodus out of Miami and other threatened coastal areas has taxed the regional infrastructure’s ability to provide...

Gun Rights Lesson #940 – Confiscation

EDITOR’S NOTE: This is one of a series of articles on gun rights. Each addresses a common anti-gun trope. “The government doesn’t want to take your guns away!” This lesson is a follow-up to Lesson #831, wherein I challenged the declaration by...