Tag: Free Market

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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Apocalypse Not: The Legacy of Julian Simon »

“The ultimate resource is people—especially skilled, spirited, and hopeful young people endowed with liberty—who will exert their wills and imaginations for their own benefit and inevitably benefit the rest of us as well.” —Julian Simon February 12 marks the birthday of the late economist Julian Simon (1932–1998). On this special occasion, I wish to…
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How Much Longer Can the U.S. Economy Bear the Burdens? »

Ordinary people, and sometimes experts as well, tend to overreact to short-term economic changes. The current economic malaise in the United States and Europe has brought forth a bevy of commentators convinced that this time the economy has taken a permanent turn for the worse. Never again, they declare, will we enjoy growing prosperity…
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Milton Friedman on “Free” College »

Sixty years ago Milton Friedman made the case in “The Role of Government in Education” that since individuals reap the benefits of college degrees, whether personally, professionally, or both, they should pay for them. By 1979 Friedman noted that higher education subsidies had become such an Ivory Tower boondoggle, higher education should be taxed to…
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