History Suggests That Capitalism Is A Necessary

Statistics Do Not Speak For Themselves.

You Will Find That Hardly A Soul Who Will Say That It Was A Bad Thing. Almost Everybody Will Say It Was A Good Thing. 'but What About Today? Do You Think We Should Have Free Immigration?' 'oh, No,' They'll Say, 'we Couldn't Possibly Have Free Immigration Today. Why, That Would Flood Us With Immigrants From India, And God Knows Where. We'd Be Driven Down To A Bare Subsistence Level.'

On Aging Societies, There Is No Reason Why A Country That Has A Lot Of Old People Can't Be Prosperous If, During Their Working Lives, Individuals Provide For Their Retirement.

Adam Smith's Key Insight Was That Both Parties To An Exchange Can Benefit And That, So Long As Cooperation Is Strictly Voluntary, No Exchange Can Take Place Unless Both Parties Do Benefit.

The Power To Determine The Quantity Of Money... Is Too Important, Too Pervasive, To Be Exercised By A Few People, However Public-spirited, If There Is Any Feasible Alternative. There Is No Need For Such Arbitrary Power.