Tag Archives: free market

Peter Schiff on Money and the Economic Crisis

Peter Schiff gives a great talk which covers quite a lot of ground. What is money? How did the world leave the gold standard? What are the consequences? Is capitalism or the free market to blame?

This talk was apparently given as a part of a bigger event with other speakers, including Ron Paul.

Via reddit

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Capitalism Magazine – Unhampered Capitalism Will Stop the Insanity

People tend to blame bad business decisions on capitalism. For example, some business owners treat their employees poorly and would advance their own interests better by treating their employees well. Happy employees tend to lead to happy customers, which means more profit for all. People have a bad boss, and they blame the free market. “Government ought to step in where the free market fails,” they say.

This is like blaming oxygen for the actions of criminals. “If we didn’t have so much oxygen, criminals wouldn’t be able to breathe, and there would be less crime.”

It’s just as ridiculous to blame capitalism for the actions of business owners. The “oxygen” of business is unhampered, unrestricted capitalism.

Capitalism Magazine on capitalism today.

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