Tag: Free Market

What Memorial Day Should Mean »

This Memorial Day we remember and honor our fellow citizens who were willing to defend our American liberties to the death. Nobel Prize–winning economist Milton Friedman was a leading proponent of ending military conscription, or the draft, because forced military service is incompatible with a free society. Thanks in no small part to his…
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The Ex-Im Bank Redux »

Adam Smith, the first and still best of all of the world’s economists and moral philosophers, once wrote in opposition to all systems of “preference and restraint”. That lesson is lost on most politicians and all special pleaders who support re-authorization of the taxpayer-financed Export-Import Bank, whose funding is once again set to expire…
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Competition and Cooperation »

Competition is often used to describe market activity, and cooperation is often used to describe political activity, but competition more accurately describes politics and cooperation more accurately describes markets. Market activity is based on voluntary exchange, and transactions take place only if all parties agree. Parties engage in voluntary exchange for their mutual benefit,…
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Another Urban Legend? The Middle Ages Were the “Dark Ages” »

As the culture wars intensify in America, let’s consider some of the roots of these contentious conflicts. With the “Age of Enlightenment” of the 17th and 18th centuries, a “modern” narrative was invented to explain the history of the West, the wider world, and humankind’s place in the universe. This narrative claimed that liberty,…
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Lee Kuan Yew and Singapore’s Transformation from Poor to Prosperous »

Lee Kuan Yew, Singapore’s legendary statesman, who died last month at the age of 91, posed a challenge to those of us who believe in political and economic freedom (and all other freedoms). His combination of authoritarianism and economic freedom, of social engineering and self-reliance, worked. The result was a society that is more…
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Education Savings Accounts Challenge Common Core’s One-Size-Fits-All Schooling »

With a growing Common Core opt-out backlash by parents and students against one-size-fits all government schooling, it’s no surprise that the latest innovation in educational choice is allowing more parents to personalize their children’s learning through educational savings accounts, or ESAs. As I explained in a recent Washington Times opinion piece: The concept behind…
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Government Union Boss Apparently Equates Valuing Work with Taxpayer Shakedowns »

On the heels of the worst jobs report in over a year, Watchdog.org’s Jason Hart reports that Americans “are footing the bill for six-figure government union pay.” As Hart explains: Taxes siphoned by American Federation of State, County and Municipal Employees let the union pay its staff and officers an average of $103,623 last year….
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Republicans Split over Patent Reform »

The Washington Times has an interesting article on the division among Republicans on patent reform. According to the article: Two dozen prominent conservative political groups, led by the influential American Conservative Union, the Club for Growth and the Eagle Forum, sent a letter Wednesday to House Speaker John A. Boehner, Senate Majority Leader Mitch…
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Are the Ruling Elites in China Now More Pro-market than the Ruling Elites in the USA? »

The current issue of the Cato Policy Report (January/February 2015) contains a short article about a book by Zhang Weiying called The Logic of the Market: An Insider’s View of Chinese Economic Reform, which was originally published in Chinese (and said to be a best-seller in China in that form) and was recently translated into English….
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What Makes a Miserable Country? »

Venezuela is the world’s most miserable country, according to a team of researchers at Johns Hopkins University who have calculated a World Misery Index. “Misery” is measured as the sum of a country’s inflation rate, unemployment rate, and interest rate, minus the annual percentage change in real GDP per capita. The higher the total…
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  • MyGovCost.org
  • FDAReview.org
  • OnPower.org
  • elindependent.org