The fallacy that labor-saving machines create technological unemployment has not only been disproved by theory but also by the whole history of mankind.
Whether racially motivated or not, land expropriation in South Africa is just another episode of state-forced wealth redistribution — with disastrous effects.
Not unlike the United States, Nordic countries have mixed interventionist economies that nonetheless rely heavily on property rights and the private sector.
There's really no need to do legal gymnastics about religious freedom. A simple respect for property rights solves the problem of forced baking of gay-wedding cakes.
The broken-window fallacy, under a hundred disguises, is the most persistent in the history of economics. It is more rampant now than at any time in the past.
