Regulations are needed because human beings tend toward selfishness and shortsightedness. Business needs regulation to enable leaders to justify spending money on things like air pollution controls, stopping toxic discharges, and product safety that competitive businesses would not otherwise spend profits on. Laws become the justifiable excuse used by management to do the [...]
Capital: Capital is protein in the diet of freedom. Investment is necessary to produce sustainable growth and financial security. America’s great original promise was the right of individuals to own land. Land was the prized income-producing asset until the industrial revolution. It was productive capital. Today financial capital is [...]
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