Capitalism

From the New Symposium Society: Capitalism and Socialism

From the New Symposium Society: Capitalism and Socialism

The New Symposium Society held a public forum on the topic “Capitalism and Socialism” on the campus of Friends University on August 20, 2019. Audio from the event is below. One participant remarked that the forum provided a format that led to a “remarkable exercise in polite public discussion that is unusual in these hyper-politically charged times.” Another participant commented, “I thoroughly enjoyed the conversation with truly diversified, intelligent, polite participants.” A special thank you is in order to New Symposium trustee Bob Love for his masterful job of acting as the informal “catalyst” in facilitating the meeting discussion. He…
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From Pachyderm: Robert L. Bradley, Jr.

From Pachyderm: Robert L. Bradley, Jr.

From the Wichita Pachyderm Club: Robert L. Bradley, Jr. He is CEO and Founder of Institute for Energy Research, visiting fellow at the Institute of Economic Affairs in London, and an adjunct scholar at both the Cato Institute and the Competitive Enterprise Institute. His topic at the Pachyderm Club was "The Contra-Capitalist Corporation (In Search of Heroic Capitalism)." This audio recording was made on November 2, 2018. The accompanying visual presentation may be viewed here. Shownotes Institute for Energy Research and on Facebook Books by Robert Bradley: Enron Ascending: The Forgotten Years, 1984-1996, Capitalism at Work, Edison to Enron: Energy…
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From Pachyderm: Economic development incentives

From Pachyderm: Economic development incentives

A look at some of the large economic development programs in Wichita and Kansas. Here's video of a presentation I gave at the Wichita Pachyderm Club this week on economic development incentives. The video was produced by Paul Soutar of Graphic Lens. View below, or click here to view at YouTube. Following, articles that address some of the topics I presented: Industrial revenue bonds in Kansas: Industrial Revenue Bonds are a mechanism that Kansas cities and counties use to allow companies to avoid paying property and sales taxes. Wichita TIF projects: some background: Tax increment financing disrupts the usual flow…
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WichitaLiberty.TV: Larry Reed, Foundation for Economic Education

WichitaLiberty.TV: Larry Reed, Foundation for Economic Education

In this episode of WichitaLiberty.TV: Lawrence W. Reed, President of Foundation for Economic Education, joins Bob and Karl to discuss the connection between liberty and character, our economic future, and I, Pencil. View below, or click here to view at YouTube. Episode 191, broadcast April 7, 2018. Shownotes Website: Foundation for Economic Education FEE on Twitter and Facebook Lawrence Reed Facebook page Lawrence Reed biography Book: Are We Good Enough for Liberty? Includes the essay I, Pencil. I, Pencil: The Movie
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WichitaLiberty.TV: Dr. Tom G. Palmer and the causes of wealth

WichitaLiberty.TV: Dr. Tom G. Palmer and the causes of wealth

In this episode of WichitaLiberty.TV: Dr. Tom G. Palmer of Atlas Network joins Bob Weeks to explain why the usual approach to foreign aid isn’t working, and what Atlas Network is doing to change the lives of the poor across the world. View below, or click here to view at YouTube. Episode 189, broadcast March 24, 2018. Shownotes Video from Atlas Network: Locally Grown Solutions to Poverty Alleviation Atlas Network Tom Palmer on Twitter Tom Palmer on Facebook Website: Tom G. Palmer | Libertarian Author, Thinker, and Scholar
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WichitaLiberty.TV: The regulatory and administrative state

WichitaLiberty.TV: The regulatory and administrative state

In this episode of WichitaLiberty.TV. Fred L. Smith, Jr. is the founder of the Competitive Enterprise Institute. He explains the problems with excessive regulation and a large administrative state. Episode 145, broadcast April 2, 2017. View below, or click here to view at YouTube. Shownotes Competitive Enterprise Institute Fred Smith biography. Ten Thousand Commandments: An Annual Snapshot of the Federal Regulatory State CEI Center for Advancing Capitalism The Morality and Virtues of Capitalism and the Firm Toward a Thinker/Doer Alliance: A Grand Strategy for Liberty Advocates
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WichitaLiberty.TV: Dr. James Otteson on capitalism

WichitaLiberty.TV: Dr. James Otteson on capitalism

In this episode of WichitaLiberty.TV: Dr. James Otteson is executive director of the BB&T Center for the Study of Capitalism, the Thomas W. Smith Presidential Chair in Business Ethics, and Professor of Economics at Wake Forest University in Winston-Salem, North Carolina. He was in Wichita to speak at the Bastiat Society and stopped by the WichitaLiberty.TV studios to discuss capitalism. Thank you to Raul Brito and the Bastiat Society for making him available. View below, or click here to view at YouTube. Episode 140, broadcast February 26, 2017. Shownotes James Otteson personal website James Otteson author page at Amazon BB&T…
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Kansas economic development programs

Kansas economic development programs

Explaining common economic development programs in Kansas. TIF projects: Some background Tax increment financing disrupts the usual flow of tax dollars, routing funds away from cash-strapped cities, counties, and schools back to the TIF-financed development. TIF creates distortions in the way cities develop, and researchers find that the use of TIF means lower economic growth. Click here. Tax increment financing (TIF) resources Resources on tax increment financing (TIF) districts. Click here. STAR bonds in Kansas The Kansas STAR bonds program provides a mechanism for spending by autopilot, without specific appropriation by the legislature. Click here. Industrial Revenue Bonds in Kansas…
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Small and weak government?

Small and weak government?

Do corporations prefer the marketplace or a large and powerful government? A letter in the Wichita Eagle criticized the marketplace and the power that corporations purportedly hold over it. (Government needed, February 28, 2016). This letter refers to an op-ed by Charles Koch (Charles G. Koch: Sanders and I agree on a few issues, February 19, 2016, originally published in the Washington Post) A few remarks: The letter-writer states: "It was also no surprise to read that his solution is very small and weak government." Reading the Koch op-ed to which the letter-writer refers, I didn't see a call for…
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Wichita officials, newspaper, just don’t get it on Ex-Im Bank

Wichita's establishment prefers cronyism over capitalism. It's not surprising that companies that benefit from Export-Import Bank loans support its renewal. We can understand groups like the Wichita Metro Chamber of Commerce campaigning for the bank, as the Chamber is a special interest group that advocates for its members to the detriment of capitalism. But we ought to expect more from the editorial board of the Wichita Eagle and Wichita city government officials. But the shiny object before them keeps them from seeing the harm of government programs like the Ex-Im Bank. Ex-Im Bank by the Numbers In 2013, 93% of…
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Wichita Chamber calls for more cronyism

Wichita Chamber calls for more cronyism

By advocating for revival of the Export-Import Bank of the United States, the Wichita Metro Chamber of Commerce continues its advocacy for more business welfare, more taxes, more wasteful government spending, and more cronyism. That may be surprising to read. Most people probably think that local chambers of commerce -- since their membership is mostly business firms -- support pro-growth policies that embrace limited government and free markets. But that’s usually not the case. It’s certainly is not the case in Wichita, where the Chamber supports higher taxes,[1. Weeks, B. (2015). Wichita Chamber speaks on county spending and taxes. Voice…
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Export-Import Bank threatens a revival

Last week members of the United States House of Representatives successfully executed a maneuver that will force a vote on the reauthorization of the Export-Import Bank of the United States. The method used, a discharge petition, was signed by well over a majority of House members, including perhaps 42 Republicans. If the petition signers vote the same way, the bill to reauthorize the Ex-Im Bank will pass the House. It will then move to the Senate for consideration. No members of the House of Representatives from Kansas signed the discharge petition. In July a vote on an amendment in favor…
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WichitaLiberty.TV: Jeffrey Tucker and ‘Bit by Bit: How P2P Is Freeing the World’

WichitaLiberty.TV: Jeffrey Tucker and ‘Bit by Bit: How P2P Is Freeing the World’

In this episode of WichitaLiberty.TV: Jeffrey Tucker talks about his most recent book “Bit by Bit: How P2P Is Freeing the World” and how Bitcoin and other distributed technologies are affecting the world. View below, or click here to watch in high definition at YouTube. Episode 97, broadcast October 4, 2015. Tucker's website is www.jeffreytucker.me. The book's page at Amazon is Bit by Bit: How P2P Is Freeing the World. Liberty.me is here.
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Does Kansas have its own Solyndra?

Does Kansas have its own version of Solyndra, the politically-connected firm that failed and cost taxpayers some $535 million? We don't know. But the Abengoa cellulosic ethanol plant near Hugoton received a $132.4 million loan guarantee under the same program that benefited Solyndra. In January I requested documents regarding the Abengoa loan guarantee and risk assessment from the United States Department of Energy. I had several conversations and emails with a records clerk. We came to agreement as to what I would receive, or at least what I am requesting to receive. But I’ve received nothing so far. I don’t…
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Wichita’s WaterWalk apartment deal

From August 2012, an episode of cronyism in Wichita. On Tuesday the Wichita City Council will consider the type of taxpayer-funded giveaway that voters have shown they don't like. How council members vote may set the stage for city elections next March and April. Tuesday's item involves a proposed apartment development on the west bank of the Arkansas River across from the downtown WaterWalk development. The apartment developer is WaterWalk LLC, whose manager is Jack P. DeBoer. The highlights of the deal include: 1. The lease of 4.4 acres of city-owned land for $1 per year, for the next 93…
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Intellectuals vs. the rest of us

Intellectuals vs. the rest of us

Why are so many opposed to private property and free exchange -- capitalism, in other words -- in favor of large-scale government interventionism? Lack of knowledge, or ignorance, is one answer, but there is another. From August 2013. At a recent educational meeting I attended, someone asked the question: Why doesn't everyone believe what we (most of the people attending) believe: that private property and free exchange -- capitalism, in other words -- are superior to government intervention and control over the economy? It's question that I've asked at conferences I've attended. The most hopeful answer is ignorance. While that…
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Wichita Chamber speaks on county spending and taxes

Wichita Chamber speaks on county spending and taxes

The Wichita Metro Chamber of Commerce urges spending over fiscally sound policies and tax restraint in Sedgwick County. Today the Wichita Metro Chamber of Commerce issued a "key vote" alert. This procedure, used by political groups of all persuasions, alerts elected officials that the Chamber prefers a certain outcome on an issue. Those who vote in harmony with the Chamber are likely to receive support in their next election, while the noncompliant are implicitly threatened with opponents the Chamber will support. Here's what the Chamber sent to commissioners: From: Barby Jobe Sent: Tuesday, August 11, 2015 2:47 PM TO: SEDGWICK…
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