Capitalism.org is the website for the moral social system: laissez-faire capitalism.
1. What is capitalism?
Capitalism is a social system based on the principle of individual rights. The term capitalism is used here in the broader philosophical political sense, and not in the narrower economic sense, i.e. a free-market.
Capitalism.org
The Aftermath of the Kelo Ruling
One year ago, on June 23, 2005, the United States Supreme Court opened the floodgates for the abuse of eminent domain by state and local authorities with its Kelo v. City of New London decision. That decision held that private property could be taken by government agencies and turned over to private developers under the guise of ‘economic development.’
Eminent Hypocrisy
In a June 26 editorial entitled ‘Responsible Use of Eminent Domain,’ the New York Times displays what can only be described as the ultimate in hypocritical chutzpah as it attempts to justify its own nefarious land—grab made under the guise of the principle of eminent domain.
A Supreme Court decision last year on eminent domain caused many people to overreact, most of all Congress. The House of Representatives passed a troubling bill that would severely limit local governments’ ability to clean up blighted areas and promote responsible development. The Senate, which has yet to act, should take a more moderate approach.
Library of Economics and Liberty(Liberty Fund)
The Library of Economics and Liberty is dedicated to advancing the study of economics, markets, and liberty. It offers a unique combination of resources for students, teachers, researchers, and aficionados of economic thought.
The website is provided by Liberty Fund, Inc., a private, educational foundation established to encourage the study of the ideal of a society of free and responsible individuals. The Foundation develops, supervises, and finances its own educational activities, with the goal of fostering discussion and thought on enduring topics pertaining to the creation and maintenance of such a society.
The Fed Printing More Money Will Make Things Worse
Today, Chairman Ben Bernanke gave a big speech on the Federal Reserve’s next move in Boston. During his speech, Bernanke announced yet another round of “quantitative easing”. In plain English, this means that the Fed will fire up their printing presses to create more money. This likely won’t end well.