Tag: Free Market

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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I, Nutella »

“The lesson I have to teach is this: Leave all creative energies uninhibited. Merely organize society to act in harmony with this lesson. Let society’s legal apparatus remove all obstacles the best it can. Permit these creative know-hows freely to flow. Have faith that free men and women will respond to the Invisible Hand….
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Constitutional Federalism Beats Feds’ Bribery of the States »

Almost five years ago the final Common Core national standards were published. These national standards epitomize government that has grown beyond all constitutional bounds. As elected officials learned more about the “voluntary” standards, the less they liked, and efforts to reverse course are underway in the states as well as Congress. Certainly, federal overreach…
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Reauthorized Child Care Block Grant: Another Brick in the Wall for Big Government »

Access to high-quality child care is an important consideration for many American families and parents—especially those struggling to make ends meet. Last month the Senate passed the Child Care and Development Block Grant Act of 2014 (CCDBG), approved by the House back in September. President Obama signed the bill on November 19. The bill…
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Raising Arizona: Voters Agree with Incoming Superintendent Diane Douglas that Parents, Not the State, Are Primary in Education »

It’s true: Arizona’s incoming Superintendent of Public Instruction Diane Douglas did run on a single issue—and to a majority of voters, it was the only education issue that mattered: children are not creatures of the state. First, some background. Douglas made national headlines for her unwavering opposition to Common Core national standards. Her opponent,…
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