Economics professor Steven Horwitz has written an article for the Foundation for Economic Education taking further issue with the scurrilous piece I mentioned here on Monday. Like so many others who have an instinctive hatred for the system of voluntary production and exchange (generally called "capitalism" but that term is so loaded with both emotion and misinformation that it's better to avoid it), the writer of the piece in question doesn't get his facts straight. Horwitz provides some needed instruction.
- Article
- October 08, 2010