by Rand Paul
5. Eliza Mackintosh and Natalie Gallón, “Maduro Dines on Pricey ‘Salt Bae’ Steaks as Venezuelans Starve,” CNN, September 19, 2018, https://www.cnn.com/2018/09/18/world/venezuela-maduro-salt-bae-steak-intl/index.html.
6. Scott Smith, “Venezuela President Ties Opposition Leader to Drone Attack,” AP News, August 7, 2018, https://www.apnews.com/840713b2848142d3982666c13b487bcf.
7. Glenn Reynolds, “Glenn Reynolds: Don’t Be a Sucker for Socialism,” USA Today, May 16, 2016, https://www.usatoday.com/story/opinion/2016/05/16/socialism-venezuela-ussr-cuba-sanders-clinton-elections-2016-column/32613393/.
8. Gerard Di Trolio, “Socialist in Name Only,” Jacobin, December 28, 2014, https://www.jacobinmag.com/2014/12/socialist-international-capitalism.
9. Susanna Kim, “Egypt’s Mubarak Likely to Retain Vast Wealth,” ABC News, February 2, 2011, https://abcnews.go.com/Business/egypt-mubarak-family-accumulated-wealth-days-military/story?id=12821073.
10. Ian Birrell, “The Strange and Evil World of Equatorial Guinea,” Guardian, October 22, 2011, https://www.theguardian.com/world/2011/oct/23/equatorial-guinea-africa-corruption-kleptocracy.
11. “Equatorial Guinea’s VP Obiang’s Cars Seized in Switzerland,” BBC, November 3, 2016, https://www.bbc.com/news/world-africa-37861795.
12. Birrell, “The Strange and Evil World of Equatorial Guinea.”
Chapter 3: Interfering With Free Markets Causes Shortages
1. José Niño, “Price Controls Are Disastrous for Venezuela, and Everywhere Else,” Mises Institute, August 16, 2016, https://mises.org/wire/price-controls-are-disastrous-venezuela-and-everywhere-else.
2. Hugh Rockoff, “Price Controls,” Library of Economics and Liberty, https://www.econlib.org/library/Enc/PriceControls.html.
3. Niño, “Price Controls Are Disastrous for Venezuela, and Everywhere Else.”
4. Tibisay Romero and Corina Pons, “With Venezuelan Hyperinflation, Multinationals Buck Price Controls,” Reuters, March 8, 2018, https://www.reuters.com/article/us-venezuela-companies/with-venezuelan-hyperinflation-multinationals-buck-price-controls-idUSKCN1GK0IV.
5. Niño, “Price Controls Are Disastrous for Venezuela, and Everywhere Else.”
6. George Reisman, “Why Nazism Was Socialism and Why Socialism Is Totalitarian,” Mises Institute, November 11, 2005, https://mises.org/library/why-nazism-was-socialism-and-why-socialism-totalitarian.
7. Ibid.
8. Gene Healy, “Remembering Nixon’s Wage and Price Controls,” Washington Examiner, August 15, 2011, https://www.washingtonexaminer.com/remembering-nixons-wage-and-price-controls.
9. Ibid.
10. Slavoj Zizek, “The Problem with Venezuela’s Revolution Is That It Didn’t Go Far Enough,” Independent, August 9, 2017, https://www.independent.co.uk/voices/venezuela-socialism-communism-left-didnt-go-far-enough-a7884021.html.
11. Girish Gupta, “Price Controls and Scarcity Force Venezuelans to Turn to the Black Market for Milk and Toilet Paper,” Guardian, April 16, 2015, https://www.theguardian.com/global-development-professionals-network/2015/apr/16/venezuela-economy-black-market-milk-and-toilet-paper.
12. Stephen Gibbs, “Venezuela’s Maduro Imposes Food Price Controls,” Times, May 29, 2018, https://www.thetimes.co.uk/article/maduro-blames-crisis-on-capitalism-5dkh0td3t.
13. David Brennan, “Venezuela Army Sent to Enforce Food Prices as Currency Crashes,” Newsweek, June 21, 2018, https://www.newsweek.com/venezuela-army-sent-enforce-food-prices-currency-crashes-989556.
14. John Stossel and Maxim Lott, “Stossel: Socialism Fails Every Time,” Reason, October 1, 2018, https://reason.com/reasontv/2018/10/09/stossel-socialism-fails-every-time.
15. Marian Tupy, “Venezuelan Price Controls Lead to Predictable Shortages,” Reason, September 19, 2017, https://reason.com/archives/2017/09/19/venezuelan-price-controls-lead-to-predic.
Chapter 4: Capitalism is the More Moral System
1. David Harsanyi, “What Thomas Piketty’s Popularity Tells Us About the Liberal Press,” Federalist, April 23, 2014, http://thefederalist.com/2014/04/23/pundits-of-the-world-unite-what-thomas-pikettys-popularity-tells-us-about-the-liberal-press/.
2. Daniel Shuchman, “Thomas Piketty Revives Marx for the 21st Century,” Wall Street Journal, April 21, 2014, https://www.wsj.com/articles/book-review-capital-in-the-twenty-first-century-by-thomas-piketty-1398118166.
3. Ben Domenech, “Why Inequality Doesn’t Matter,” Federalist, April 23, 2014, https://thefederalist.com/2014/04/23/why-inequality-doesnt-matter/.
4. Shuchman, “Thomas Piketty Revives Marx for the 21st Century.”
5. Ibid.
6. Sam Bowman, “Inequality Doesn’t Matter: A Primer,” Adam Smith Institute, January 11, 2017, https://www.adamsmith.org/blog/inequality-doesnt-matter-a-primer.
7. Alexander C. R. Hammond, “The World’s Poorest People Are Getting Richer Faster,” HumanProgress, October 27, 2017, https://humanprogress.org/article.php?p=770.
8. Bowman, “Inequality Doesn’t Matter: A Primer.”
9. Tim Worstall, “Using Homer Simpson to Explain Why Inequality Doesn’t Matter,” Forbes, August 26, 2014, https://www.forbes.com/sites/timworstall/2014/08/26/using-homer-simpson-to-explain-why-inequality-doesnt-matter/#1eda0594407c.
10. Ibid.
11. Dalibor Rohac, “Income Inequality Doesn’t Matter,” Washington Times, May 13, 2011, https://www.washingtontimes.com/news/2011/may/13/income-inequality-doesnt-matter/.
12. Deirdre McCloskey quoted by Worstall, “Using Homer Simpson to Explain Why Inequality Doesn’t Matter.”
Chapter 5: Capitalism Benefits the Middle Class
1. McCloskey, in Worstall, “Using Homer Simpson to Explain Why Inequality Doesn’t Matter.”
2. Donald J. Boudreaux, “No Time Like the Present,” Mercatus Center, September 14, 2013, https://www.mercatus.org/expert_commentary/no-time-present.
3. Christina Zhao, “NY Rep. Alexandria Ocasio-Cortez Says ‘Capitalism Is Irredeemable,’” Newsweek, March 10, 2019, https://www.newsweek.com/alexandria-ocasio-cortez-says-capitalism-irredeemable-1357720.
4. Tupy, “Venezuelan Price Controls Lead to Predictable Shortages.”
5. Glenn Kessler, “Ocasio-Cortez’s Misfired Facts on Living Wage and Minimum Wage,” Washington Post, January 24, 2019, https://www.washingtonpost.com/politics/2019/01/24/ocasio-cortezs-misfired-facts-living-wage-minimum-wage/?utm_term=.3d81e322f48a.
6. Glenn Kessler, “Rand Paul’s Suggestion He Looks to Eisenhower for ‘Inspiration and Guidance,’” Washington Post, July 24, 2017, https://www.washingtonpost.com/blogs/fact-checker/post/rand-pauls-suggestion-he-looks-to-eisenhower-for-inspiration-and-guidance/2013/07/23/47757076-f3ca-11e2-aa2e-4088616498b4_blog.html?utm_term=.dd76db3e75bd.
7. David Harsanyi, “Millennials Are the Most Prosperous Generation That’s Ever Lived,” Federalist, March 22, 2019, https://thefederalist.com/2019/03/22/stop-whining-millennials-youre-prosperous-generation-thats-ever-lived/#.XOAY_M7MouB.twitter.
8. Phil Gramm and John Early, “The Myth of ‘Wage Stagnation,’” Wall Street Journal, May 17, 2019, https://www.wsj.com/articles/the-myth-of-wage-stagnation-11558126174.
9. Harsanyi, “Millennials Are the Most Prosperous Generation That’s Ever Lived.”
10. Jim Geraghty, “Millennials Are Experiencing American Prosperity,” National Review, March 22, 2019, https://www.nationalreview.com/the-morning-jolt/millennials-are-experiencing-american-prosperity/.
11. Scott Lincicome, “People our age have never experienced,” Twitter, March 21, 2019, https://twitter.com/scottlincicome/status/1108858010250678272.
12. Harsanyi, “Millennials Are the Most Prosperous Generation That’s Ever Lived.”
13. Derek Thompson, “How America Spends Money: 100 Years in the Life of the Family Budget,” Atlantic, April 5, 2012, https://www.theatlantic.com/business/archive/2012/04/how-america-spends-money-100-years-in-the-life-of-the-family-budget/255475/.
14. Ben Domenech, “Why Inequality Doesn’t Matte
r,” Federalist, April 23, 2014, https://thefederalist.com/2014/04/23/why-inequality-doesnt-matter/.
15. Ibid.
16. Mark J. Perry, “Some Amazing Findings on Income Mobility in the US,” American Enterprise Institute, November 16, 2017, http://www.aei.org/publication/some-amazing-findings-on-income-mobility-in-the-us-including-this-the-image-of-a-static-1-and-99-percent-is-false/.
17. Ibid.
Chapter 6: Income Inequality Does Not Ruin the Economy or Corrupt Government
1. Joseph Stiglitz, “Inequality Is Holding Back the Recovery,” New York Times, January 19, 2013, https://opinionator.blogs.nytimes.com/2013/01/19/inequality-is-holding-back-the-recovery/?emc=eta1&pagewanted=print&mtrref=undefined&gwh=5DAE51CCD6C1787BC30B65C764F808D0&gwt=pay.
2. Dan Andrews, Christopher Jencks, and Andrew Leigh, “Do Rising Top Incomes Lift All Boats?,” B.E. Journal of Economic Analysis and Policy 11, no. 1, Article 6 (2011), http://andrewleigh.org/pdf/TopIncomesGrowth.pdf.
3. Alan Reynolds, “Piketty Problems: Top 1% Shares of Income and Wealth Are Nothing Like 1917–28,” Cato Institute, May 20, 2014, https://www.cato.org/blog/piketty-problems-top-1-shares-income-wealth-are-nothing-1917-28.
4. Scott Winship, “Overstating the Costs of Inequality,” National Affairs, Spring 2013, https://nationalaffairs.com/publications/detail/overstating-the-costs-of-inequality.
5. Ibid.
6. Ibid.
7. Ibid.
8. Ibid.
9. Ibid.
Chapter 7: Under Capitalism, the 1 Percent is Always Changing
1. Gregg Re, “Bernie Sanders, at Combative Fox News Town Hall, Makes No Apologies for Making Millions,” Fox News, April 15, 2019.
2. John Phelan, “Bernie Is a Capitalist, Whether He Likes It or Not,” Foundation for Economic Freedom, April 19, 2019, https://fee.org/articles/bernie-is-a-capitalist-whether-he-likes-it-or-not/.
3. Perry, “Some Amazing Findings on Income Mobility in the US.”
4. Robert Carroll, “Special Report: Income Mobility and the Persistence of Millionaires, 1999 to 2007,” Tax Foundation, June 2010, https://files.taxfoundation.org/legacy/docs/sr180.pdf.
5. Andrew Syrios, “A Closer Look at Income Inequality,” Mises Institute, March 31, 2014, https://mises.org/library/closer-look-income-inequality.
6. Domenech, “Why Inequality Doesn’t Matter.”
Chapter 8: The Poor are Better Off Under Capitalism
1. Selwyn Duke, “The Equality Con: Why Income Gaps Don’t Matter,” Observer, February 1, 2017, https://observer.com/2017/02/npr-oxfam-report-eight-richest-men/.
2. Ibid.
3. Ibid.
4. Thomas Sowell, “Socialism for the Uninformed,” Indianapolis Business Journal 37, no. 16, 15B, https://www.creators.com/read/thomas-sowell/05/16/socialism-for-the-uninformed.
5. Duke, “The Equality Con.”
6. Dalibor Rohac, “Income Inequality Doesn’t Matter,” Washington Times, May 13, 2011, https://www.washingtontimes.com/news/2011/may/13/income-inequality-doesnt-matter/.
7. Winston Churchill, “Speech in the House of Commons,” UK Parliament, October 22, 1945, https://api.parliament.uk/historic-hansard/commons/1945/oct/22/demobilisation#S5CV0414P0_19451022_HOC_300.
8. Ibid.
9. Harry Frankfurt, “Inequality Isn’t Immoral,” Los Angeles Times, October 9, 2015, https://www.latimes.com/opinion/op-ed/la-oe-1011-frankfurt-inequality-morality-20151011-story.html.
10. Steven Pinker, “Why Income Inequality Is Not the Injustice We Perceive It to Be,” Big Think, February 13, 2018, https://bigthink.com/big-think-books/steven-pinker-enlightenment-now-inequality-happiness.
11. Rea Hederman and David Azerrad, “Defending the Dream: Why Income Inequality Doesn’t Threaten Opportunity,” Heritage Foundation, September 13, 2012, https://www.heritage.org/poverty-and-inequality/report/defending-the-dream-why-income-inequality-doesnt-threaten-opportunity.
12. Ludwig von Mises, “The Inequality of Wealth and Income,” Mises Institute, March 23, 2016, https://mises.org/wire/mises-inequality-wealth-and-income.
13. Ed Fuelner, “Socialism, the True Gospel of Greed,” Washington Times, June 10, 2019, https://www.washingtontimes.com/news/2019/jun/10/socialism-is-the-opposite-of-freedom/.
14. Stuart Dredge, “Facebook Closes Its $2bn Oculus Rift Acquisition. What Next?” Guardian, July 22, 2014, https://www.theguardian.com/technology/2014/jul/22/facebook-oculus-rift-acquisition-virtual-reality.
15. The Daily Dish, “Quote for the Day,” Atlantic, August 12, 2008, https://www.theatlantic.com/daily-dish/archive/2008/08/quote-for-the-day/213088/.
16. Duke, “The Equality Con.”
Chapter 9: Bernie’s Socialism also Includes Praise for Dictators
1. Jonathan Swan, “Sanders Defends Past Praise of Fidel Castro,” Hill, March 9, 2016, https://thehill.com/blogs/ballot-box/presidential-races/272485-sanders-defends-past-praise-of-fidel-castro.
2. David Unsworth, “Bernie Sanders’ Longtime Hypocritical Infatuation with Nicaraguan Communism,” Panam Post, May 3, 2018, https://panampost.com/david-unsworth/2018/05/03/bernie-sanders-longtime-hypocritical-infatuation-with-nicaraguan-communism/.
3. Ibid.
4. Michael Moynihan, “When Bernie Sanders Thought Castro and the Sandinistas Could Teach America a Lesson,” Daily Beast, February 28, 2016, https://www.thedailybeast.com/when-bernie-sanders-thought-castro-and-the-sandinistas-could-teach-america-a-lesson.
5. Ibid.
6. Stephen Kinzer, “Socialist? Yes, Says Sandinista Chief,” New York Times, July 20, 1988, https://www.nytimes.com/1988/07/20/world/socialist-yes-says-sandinista-chief.html.
7. Moynihan, “When Bernie Sanders Thought Castro and the Sandinistas Could Teach America a Lesson.”
8. Ibid.
9. Michele Ver Ploeg and Ilya Rahkovsky, “Recent Evidence on the Effects of Food Store Access on Food Choice and Diet Quality,” United States Department of Agriculture, May 2, 2016, https://www.ers.usda.gov/amber-waves/2016/may/recent-evidence-on-the-effects-of-food-store-access-on-food-choice-and-diet-quality/.
10. Moynihan, “When Bernie Sanders Thought Castro and the Sandinistas Could Teach America a Lesson.”
11. Jesse M. Plunkett, “Putting an End to the Venezuela vs. Sweden Debate,” Orlando Sentinel, October 25, 2018, https://www.orlandosentinel.com/opinion/os-op-us-democratic-socialists-dont-get-scandinavia-20181025-story.html.
12. Ibid.
13. Moynihan, “When Bernie Sanders Thought Castro and the Sandinistas Could Teach America a Lesson.”
Chapter 10: Today’s American Socialists Don’t Know What Socialism Means
1. Geoff Dembicki, “Socialism Is Incredibly Popular but Does Anyone Know What ‘Socialism’ Is?,” Vice, October 4, 2018, https://www.vice.com/en_us/article/a3p4y8/what-actual-socialists-think-about-socialism.
2. Charles Krupa, “What Would a Socialist America Look Like?,” Politico, September 3, 2018, https://www.politico.com/magazine/story/2018/09/03/what-would-a-socialist-america-look-like-219626.
3. Dembicki, “Socialism Is Incredibly Popular but Does Anyone Know What ‘Socialism’ Is?”
4. Lukas Mikelionis, “Socialist Demo Ocasio-Cortez Laments Coffee Shop’s Closure—Over Wage Hikes That She Supports,” Fox News, August 22, 2018, https://www.foxnews.com/politics/socialist-dem-ocasio-cortez-laments-coffee-shops-closure-over-wage-hikes-that-she-supports.
5. Jeffrey Dorfman, “Sorry Bernie Bros but Nordic Countries Are Not Socialist,” Forbes, July 8, 2018, https://www.forbes.com/sites/jeffreydorfman/2018/07/08/sorry-bernie-bros-but-nordic-countries-are-not-socialist/#111e274274ad; Corey Iacono, “The Myth of Scandinavian Socialism,” Foundation for Economic Education, February 25, 2016, https://fee.org/articles/the-myth-of-scandinavian-socialism/, https://www.austriancenter.com/shattering-myth-nordic-socialism/; Kai Weiss, “Shattering the Myth of Nordic Socialism,” Svensk Tidskrift, June 8, 2018, http://www.svensktidskrift.se/shattering-the-myth-of-nordic-socialism/; Chris Moody, “Bernie Sanders’
American Dream Is in Denmark,” CNN, February 17, 2016, https://www.cnn.com/2016/02/17/politics/bernie-sanders-2016-denmark-democratic-socialism/index.html.
6. Dembicki, “Socialism Is Incredibly Popular but Does Anyone Know What ‘Socialism’ Is?”
7. Ibid.
8. “What Is Democratic Socialism?,” Democratic Socialists of America, https://www.dsausa.org/about-us/what-is-democratic-socialism/.