Justice’s first purpose is not to punish evil; it is to reward the good.
As the sale or use of any drug is not a violation of anyone’s rights, government’s role in such matters is laissez-faire — to leave them alone.
A gun is a non-volitional object. Guns have no power of choice.
A capitalist country is not a pacifist, and neither is it an aggressor (initiator), but it will defend itself.
“Isolationist” is a smear term, used against countries that don’t wish to interfere in other countries. If the country does interfere it is called “Imperialist”.
“Peace, commerce, and honest friendship with all nations-entangling alliances with none.”
Under capitalism, the army is made up of volunteers.
A capitalist country warmly welcomes all rights-respecting individuals regardless of color, religion, sex, nationality, creed, race, etc.
There is no “right” to travel onto someone else’s property without permission of the owner — and by extension, no one has the “right” to enter a given nation.
Under capitalism, it is the government’s responsibility to prevent the entrance of terrorists and other rights-violating individuals from entering the country by securing a nation’s borders.
The government may not limit entry due to quotas, and other collectivist forms of immigration restriction.
‘Ideological profiling’ to the extent that it is used should be severely delimited to searching out those who will commit violations of individual rights, and not as a blunt instrument to collectively ban peaceful individuals by group association.
Government’s job is not to mandate what languages one speaks, no more then it is to mandate the content of what one says.
A capitalist country secures its borders just like an individual secures their property: borders are closed to rights-violating individuals, and open to rights-respecting individuals.
Economics is the science of production and trade under a division of labor (market) society.
The economic actor — the entity that performs all economic decisions and actions — is the individual.
The economic value of a good or service is what an individual would exchange for a given good or service.
Production is the act of creating — shaping materials into values –– goods and services for future consumption.
Consumption is the act of consuming or using (up) values.
Wealth is a material good or service that has value to human life (that has economic value.)
In a division of labor society, individuals create values for future trade as opposed to self-consumption.
Trade is the act of voluntarily exchanging one value for another. (Theft is when the value is exchanged involuntarily).
The price of a good or service are the values it is exchanged for.
Money is an asset used in a division of labor society as a medium for indirect exchange.
A free-market is a market free from the intiation of physical force, where all exchanges are voluntary.
Market competition is a peaceful form of cooperation.
A business (enterprise) is an organization that creates products/services to sell on the market with the goal of making a profit for its owners.
A business makes a financial profit/loss when its revenues are more/less than its costs.
Savings is wealth that is not consumed.
Capital is savings from production reinvested in an industry to produce wealth.
A capitalist (or entrepreneur) invests (and risks) capital in a business concern in the hopes of earning a profit in the future.
Interest is the premium on a loan, that is added to the principal when the loan is due.
Capital goods are those goods that businesses use to create products and services for consumers.
A profit is made by creating something of economic value that is more than the cost of producing it.
“Trickle Down” Economics is a straw man argument used to attack those who advocate tax cuts.
The 2008 Financial Crisis was caused not by the free-market, but by government intervention in the marketplace.
The government’s Great Intervention into the economy was the cause of the Great Depression of the 1930s.
Inflation is the general increase in prices caused by a government currency monopoly increasing (inflating) the money supply with fiat ‘money’ (money not backed by actual physical wealth).
The economy crippling, nationwide cycles of “booms” followed by “busts” are the result of the only agency that has the power to act on a nationwide scale: the government.
How state currency monopolies tend to promote booms and busts.
Tariff Act of 1930 led to the reduction of American exports and thus jobs.
Why central banks, far from being bulwarks of financial stability, are inherently destabilizing.
The spontaneous evolution of money, the rise of banks, bank self-regulation under competition and crisis management in the absence of a central bank.
Under capitalism, free-competition means freedom from the initiation of physical force.
Capitalist competition is a peaceful and practical form of social cooperation.
One does not lose one’s rights when one becomes a producer; one does not gain rights by becoming a consumer.
Equality under free-competition means “equal protection and respect for rights.”
All the rights of a corporation are derived from those of its members; as such, an individual neither gains nor loses rights in their capacity as members of a corporation.
In a free-market, investors choose the kinds of companies they want to invest in (rather than have the SEC choose for them): a company which allows insider trading, or a company that prohibits it, or a company somewhere in-between.
Capitalism is the greatest protector of the environment — for human beings.
Intellectually “chew” the ideas brought up in the tour by exploring the Capitalism FAQ (Frequently Asked Questions).