China and Russia are open for business and working at close to capacity, as America shutters most all business and industry in states such as Pennsylvania, New York, California, New Jersey, and Connecticut. In many cases only select manufacturing companies…
The coronavirus is reminding everyone that you cannot rely on government and that ultimately it is the private sector that will provide the solutions. Many non-medical government officials and members of the media are predicting massive cases of COVID-19 and…
Rand Paul’s new book, The Case Against Socialism, provides clear and compelling evidence as to why socialism begins with alluring promises and ends with starvation and even death for some. Socialism is being promoted this political season with the appealing…
It is with great sadness we learned of the passing of Clayton Christensen, Harvard Business School professor and the primary theorist and teacher of Disruptive Theory. He faced many health challenges in his lifetime, but he endured and persevered. Clayton…
Great Society: A New History by Amity Shlaes (Harper, 511 pages, $32.50) Amity Shlaes’ new book, Great Society, reminds us of the vast folly of our government’s misplaced faith in the collective. At a time when Great Society ideas —…
American politics are nasty and often counterproductive because we have tried to solve too many problems politically, through government programs, rather than socially, through civil society. We have substituted bureaucracies for individual and community initiatives. Historically, America was built by…
The Federal Reserve Bank (the Fed) has a policy to create and sustain 2-percent inflation in America on an annual basis. J. P. Morgan would be chagrined to know that he helped create a central bank that promotes inflation. The…
Tariffs are a popular remedy to maintain a favorable balance of trade and create domestic jobs. Some believe tariffs will foster a renaissance of American manufacturing, but let’s consider the facts. America has six million unfilled jobs, with almost every…
The following article is based on my recent lecture at the Mises Institute in Auburn, Alabama, entitled: “Henry Hazlitt’s Long-Term Economic Thinking: Foundation of Entrepreneurial Excellence.” Here I will explore morality as Hazlitt’s foundational theme in economics. Henry Hazlitt is…