Self-Interest versus Selfishness

On a number of occasions, Rush Limbaugh has spoken of the “invisible hand” described by Adam Smith. It is not out of benevolence, Rush has said, that your grocer sells you food. It is the grocer’s self-interest—his desire to earn a profit—that motivates him. But, Rush has quickly added, self-interest is not the same as […]

The Alternative to Government Regulations

This was originally posted on Live Oaks on October 6, 2010. Comments have not been migrated.

A truly free market is characterized by a separation of government and economics. Individuals are free to engage in the economic activities of their choice, so long as they do not use force or fraud in dealing with others. […]