The Politically Incorrect Guide To Capitalism

Most commonly accepted economic "facts" are wrong Here's the unvarnished, politically incorrect truth. The liberal media and propagandists masquerading as educators have filled the world--and deformed public policy--with politically correct errors about capitalism and economics in general. In The Politically Incorrect Guide(tm) to Capitalism, myth-busting professor Robert P. Murphy, a scholar and frequent speaker at the Ludwig von Mises Institute, cuts through all their nonsense, shattering liberal myths and fashionable socialist cliches to set the record straight. Murphy starts with a basic explanation of what capitalism really is, and then dives fearlessly into hot topics like:
* Outsourcing (why it's good for Americans) and zoning restrictions (why they're not)

* Why central planning has never worked and never will

* How prices operate in a free market (and why socialist schemes like rent control always backfire)

* How labor unions actually hurt workers more than they help them

* Why increasing the minimum wage is always a bad idea

* Why the free market is the best guard against racism

* How capitalism will save the environment--and why Communist countries were the most polluted on earth

* Raising taxes: why it is never "responsible"

* Why no genuine advocate for the downtrodden could endorse the dehumanizing Welfare State

* The single biggest myth underlying the public's support for government regulation of business

* Antitrust suits: usually filed by firms that lose in free competition

* How tariffs and other restrictions "protect" privileged workers but make other Americans poorer

* The IMF and World Bank: why they don't help poor countries

* Plus: Are you a capitalist pig? Take the quiz and find out! Breezy, witty, but always clear, precise, and elegantly reasoned, The Politically Incorrect Guide(tm) to Capitalism is a solid and entertaining guide to free market economics. With his twelve-step plan for understanding the free market, Murphy shows why conservatives should resist attempts to socialize America and fight spiritedly for the free market.

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suggested

Frederic Bastiat

The Law

Read this for FREE at mises.org

The Law, originally published as a pamphlet in 1850. It defines, through development, a just system of laws and then demonstrates how such law facilitates a free society. In The Law, he wrote that everyone has a right to protect "his person, his liberty, and his property". The State should be only a "substitution of a common force for individual forces" to defend this right. "Justice" (defense of one's life, liberty, property) has precise limits, but if government power extends further, into philanthropic endeavors, government becomes so limitless that it can grow endlessly. The resulting statism is "based on this triple hypothesis: the total inertness of mankind, the omnipotence of the law, and the infallibility of the legislator." The public then becomes socially-engineered by the legislator and must bend to the legislators' will "like the clay to the potter": "I do not dispute their right to invent social combinations, to advertise them, to advocate them, and to try them upon themselves, at their own expense and risk. But I do dispute their right to impose these plans upon us by law – by force – and to compel us to pay for them with our taxes". Bastiat posits that the law becomes perverted when it punishes one's right to self-defense (of his life, liberty, and property) in favor of another's right to "legalized plunder," which he defines as: "if the law takes from some persons what belongs to them, and gives it to other persons to whom it does not belong. See if the law benefits one citizen at the expense of another by doing what the citizen himself cannot do without committing a crime." Bastiat was thus against redistribution.

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Tom Woods

The Politically Incorrect Guide to American History

Claiming that most textbooks and popular history books were written by biased left-wing writers and scholars, historian Thomas Woods offers this guide as an alternative to "the stale and predictable platitudes of mainstream

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Michal Malice

The White Pill

The Russian Revolution was as red as blood. The Bolsheviks promised that they were building a new society, a workers’ paradise that would change the nature of mankind itself. What they ended up constructing was the largest prison that the world had ever seen, a Union of Soviet Socialist Republics that spanned half the globe. It was a country where people's lives meant nothing, less than nothing—and they knew it. But no matter what atrocity that the Soviets committed—the secret police, the torture chambers, the show trials, the labor camps and the mass starvation—there was always someone in the West rushing to justify their bloodshed. For decades it seemed perfectly obvious that the USSR wasn’t going anywhere—until it vanished from the face of the earth, gradually and then suddenly. This is the story of the rise and fall of that evil empire, and why it is so important for the good to never give up hope. This is the white pill.

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