Category Archives: Splendor

“In a sense, Britain inadvertently, through its actions in Hong Kong, did more to reduce world poverty than all the aid programs that we’ve undertaken in the last century.”

From The Atlantic, an explication of economist Paul Romer’s idea to build modern-day Hong Kong-like enclaves to promote development in poverty-stricken counties: When Romer explains charter cities, he likes to invoke Hong Kong. For much of the 20th century, Hong Kong’s economy left mainland China’s in the dust, proving that enlightened rules can make a […] Continue reading

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Reasons to be cheerful, Part one: Things rarely change as quickly or as dramatically as we expect them to.

Do you want to hear some really bad news? I mean dauntingly bad, horrifyingly bad, news so bad you could spend days or even weeks ruminating on it, worrying about it, desperately praying for it not to be true. Are you ready? Here goes: While you might have heard that the national debt in the […] Continue reading

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Reasons to be cheerful, part 0.5: Sleeping giants can’t sleep forever.

Do you want something to cheer about? Hayek’s The Road to Serfdom is the number one best-seller at Amazon.com right now: It gets better. The Federalist Papers is at number fourteen. I think a lot of people are annoyed that the free country they still remember clearly has somehow vanished right from under their noses. […] Continue reading

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Reasons to be cheerful: Defying the specter of ugly fates.

Reasons to be cheerful, part zero: The ground we stand upon is firm and the lever of the human mind grows ever stronger. I need to take this someplace else. I am madly off-topic here more often than not, this for the past couple of years. I think I may be in the third act […] Continue reading

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Per-capita wealth and poverty in a given political economy is strongly correlated both with economic freedom and oppression and with the perception of integrity or corruption among government officials.

Countries that pursue policies of economic freedom have rich populations. Countries that obstruct free enterprise have poor populations. The relative wealth or poverty of a given population is strongly correlated with and can be readily predicted from the level of economic oppression in that political economy. This is easily understood from Austrian and Classical economic […] Continue reading

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How Socialism makes beggars of free people: “The predictable result of these efforts at preventing the exploitation of man by man was the collapse of production, pauperizing an already poor country.”

Theodore Dalrymple reflects on how the imposition of a Marxist redistributionist policy impoverishes what had been a self-sustaining economy: I next spent a few years (1983 to 1986) in Tanzania, a country that presented another experiment in treating poverty as a matter of maldistribution. Julius Nyerere, the first—and, until then, the only—president, had been in […] Continue reading

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The first word in “free enterprise” is “free” — how economic fallacies are deployed to frustrate human liberty.

In a comment to my post on the NAR’s most recent attempts to rape the taxpayers, Michael Cook set forth a number of subtle economic fallacies. I am not picking on Michael. He is simply repeating Marxist propaganda that is ubiquitous, more’s the pity. But I thought it were well to take these claims apart, […] Continue reading

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Mary Canary on her way to feed the pigeons

A Ramblin’ Gamblin’ Willie story “I married myself a quiet man. He told me so himself, many times. When he was drunk, he’d shout it to the world.” Mary Canary said that. She says stuff like that just to make sure no one’s listening. And no one on the bus was, no one except me. […] Continue reading

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“If wind and solar power were practical, entrepreneurs would invest in it. There would be no need for government to take money from taxpayers and give it to people pushing green products.”

John Stossel on the phractured physics of “green” energy: Maybe the electric car is the next big thing? “Electric cars are the next big thing, and they always will be.” There have been impressive headlines about electric cars from my brilliant colleagues in the media. The Washington Post said, “Prices on electric cars will continue […] Continue reading

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Like bugs trapped in amber, take a close look at Rotarian Socialist cockroaches and the pusillanimous pissants who make them possible.

This is from today’s Arizona Republic: Businesses that send employees door to door through Phoenix neighborhoods have jumped into the discussion over whether the city should require peddlers to be licensed before ringing doorbells. Phoenix is the only major city in the Valley that does not require some sort of business license for door-to-door solicitors. […] Continue reading

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