Protectionism leads to turmoil, strife, and disorder

Proponents of protectionism often ground their support in a quasi-nationalism; trade should be restricted for the benefit of the nation. Economically, the argument holds little weight. The benefits of more trade, like more and cheaper goods, outweigh the costs, like some temporary unemployment that results from the closing of a factory that couldn’t compete with foreign companies. Continue Reading...

Overproduction and stewardship

Overproduction, simply put, is supply in excess of demand. It is the production of more goods and services than those in the market would like to purchase. Overproduction, in a well functioning market economy, should be temporary.  Continue Reading...

Capitalism, cronyism, and socialism

Wikipedia “Having a heart for the poor isn’t hard. Having a mind for the poor…that’s the challenge.” –Poverty, Inc. This quote from the documentary Poverty, Inc. highlights the reason why so many people are willing to give their money to foreign aid, without necessarily understanding its harmful effects.  Continue Reading...

It’s All in Bastiat!

“It’s all in Plato, all in Plato: bless me, what do they teach them at these schools!” – Digory Kirke in C.S. Lewis’s The Last Battle The way Professor Kirk feels about Plato is how I feel about Frederick Bastiat. Continue Reading...

Socialism will create economic destruction — and already has

Erhard, Ludwig Ludwig Erhard, 1962. UPI—Bettmann/Corbis While some may find Socialism inviting on the surface, history tells us that it leads to “chaos.” Research Director for Acton Institute, Samuel Gregg, wrote a recent piece for The Stream in which he reveals the reality behind an ideology now gaining popularity. Continue Reading...

Daniel Hannan on the Conservative Case for Brexit

In the hubbub surrounding Brexit, many conservatives have cheered the United Kingdom’s vote to leave the European Union, hailing it as a win for freedom, democracy, and local sovereignty. Yet for those who disagree, support for Brexit is painted as necessarily driven by fear, xenophobia, and protectionism.  Continue Reading...