Top 3 Common Myths of Capitalism

Senior fellow Jeffrey Miron discusses some common myths about capitalism in this video by the Institute for Humane Studies’ Learn Liberty project. Learn more at LearnLiberty.org.



H/T Cato@Liberty

Capitalism, Food Stamps, and Dr. Sanity

Last Friday I had to make a quick stop at the $$ Store to pick up a card for a baby shower.  As I entered the lot a speeding car cut across my path.  The entire back was plastered with pro-abortion signs and several others bemoaning the fact that she was a "blue" person living in a "red" state (I have a solution for that problem!)  She found the parking space closest to the front door (of course), and as I passed her car I was able to read the anti-capitalism sign.  It said something stupid like "capitalism leads to the downfall of a country or tooth decay" - or something equally weird.

When I checked out she was a few people in front on me.  She had a cart full of junk food and whipped out her food stamp card to pay for her purchases.  Why am I not surprised?

I'm heading off to run errands and receive a haircut at the hands of my talented hairdresser, who practices capitalism and as a result doesn't need food stamps. Besides, I want to look nice for Obama's "bi-partisan huggy kissy can't we all just get along and if not I'm going to ram through my horribly unpopular health care bill anyway" summit.

While I'm gone, inform yourself by reading Dr. Sanity's latest article, Life Among the Ruins - Let Them All Eat Cake, and see her take on happiness and capitalism.  As usual, it's excellent!