No Economic Freedom? No Freedom
More from the articulate Florida Rep. Allen West: “What have we seen happen recently, in the last 10 years? A food stamp program that has gone from about $20.6 billion to over $75 billion in allocation of funds. A 267 percent increase. That’s not how you empower...Obama’s Manipulation of Drug Companies: A Scandal, But No Surprise
The New York Times reports that a new trove of emails shows President Barack Obama’s White House agreed to help drug companies block a proposal to bring down medicine prices so they would back Obama’s healthcare plan. House Republicans obtained the three-year-old...Producers of the World…Unite!
We’re taught in school that it’s workers who make the world go ’round. Actually, it’s not just workers who make everything happen. It’s producers. Producers are the people who take care of themselves. A producer can make minimum wage, a...The Common Denominator Between Riots Against Austerity Measures, Protests Against Tuition Hikes, And “No Zeros” High School Grading Policy
I have resisted commenting on political issues—such as the riots in Greece against the austerity measures by the government and the more than three-month long student protests in Montreal against the small tuition hikes introduced by the Quebec government—because I...Damn the Torpedoes
Once economies stop throwing good money after bad, capital is freed up to flow into more economically viable purposes. But economists and politicians never look at the long term. Their job seems to be to manage the economy for the next election.
Business Ethics: Who Should Get Bonuses?
This story was shared by an MBA student who was trying to assess a personal business experience. A small technology start-up has started to see some financial success after two years of hard work. The three main shareholders, the CEO and two vice presidents, had made...Is Fractional-Reserve Banking Inflationary?
Certain economists of the Austrian School, and followers of Murray Rothbard especially, oppose fractional reserve banking for at least three reasons. They claim that banks resorting to it defraud people, that they bring about business cycles, and that their activities...Faith, Family and Freedom? Scott Walker’s Win in Wisconsin
The proper purpose of government is not faith and it is not family. It is the protection of individual rights.
