If we want to enjoy lower prices and better quality products and services, whether in air travel, cell phone service, health care, or anything else, the solution is to stop the government from trying to manage markets and to make them free instead, thus increasing competition.
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Free market benefits aren’t only measured in dollars and cents.
It is the government efforts to “moderate” capitalism and to make markets “fair” that create the unfairness they claim to alleviate.
Capitalism creates through freedom; the state destroys via regulation; capitalism gets the blame.
You can always keep anything old, clunky and inefficient still in business, if you are willing to pour unlimited amounts of the taxpayers’ money down a bottomless pit.
A tired old recipe for global communism in 21st century pseudo-academic clothing.
Nobel Prize-winning economist Gary Becker was internationally renowned within the economics profession, but was not nearly as well known among the general public as he deserved to be.
There are inequalities everywhere. According to the Bureau of Labor Statistics, Asian men and women have median earnings higher than white men and women. Female cafeteria attendants earn more than their male counterparts. Females who are younger than 30 and have never been married earn salaries 8 percent higher than males of the same description.
When the former Soviet Union collapsed almost 25 years ago, most global strategic forecasters assumed that the U.S. would adapt pragmatically to her new status of sole world superpower. Instead she has pursued a variety of misguided nation-building adventures and has largely shrunk from her primary responsibility of neutralizing the ambitions of petty dictators around […]
Many economists, politicians and pundits assert that median wages have stagnated since the 1970s.
The foundation of BB&T’s success is its principles.
Reducing investors’ incentives to take risks is reducing the jobs their investments are likely to create.