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America’s Education System and the Lesson of Competition

 

Capitalism’s two centuries have proved competition is its essential element. No place in America’s 21st century demonstrates this like its educational system. On the positive side stands America’s world-leading college system; on the other stands America’s world-lagging public school system. The big difference between them is competition. Capitalism requires several things to operate well. Private […]

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Beware the Universal Basic Income

 

Some people just don’t know when to quit. Despite the historic failures of Communism, and recent rebukes to socialism such as Brexit and the election of Donald Trump, the far left has concocted yet another harebrained scheme aimed at ensuring that society remains forever dependent on the meager allowances of government. This latest leftist incarnation, […]

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Who’s Really the Party of Darwin?

 

It should not come as news that conservatives, particularly those of the religious variety, are disproportionately at the receiving end of media ridicule. One of the most incessant of jabs taken at the religious right is that they tend to deny evolution. If this is the case, one wonders: why is it that if the […]

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How Big Pharma Exploits the Cancer Drug Market

 

With another day, another headline arrives revealing the arrogant, out-of-touch nature of the pharmaceutical industry. Fortunately, this time, the outrage arrives from overseas. Specifically, the UK Independent reports that Aspen Pharmaceuticals, which you might remember for such hits as economically blackmailing the Italian government via its monopoly power over certain drugs, is up to its old tricks again. This time, […]

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Fearless, and Meaningless

 

When Italian sculptor Arturo Di Modica responded to the 1987 stock market implosion by creating the now-iconic Charging Bull gracing New York’s financial district, he was paying tribute to the American people and the free market. Charging Bull is a beautiful, emotive, fluid work of art, full of life and a celebration of the capitalist […]

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Trump Should Stop Illegal Obamacare Subsidies Now

 

President Trump has an opportunity to unilaterally halt an unconstitutional corporate welfare scheme, deal Obamacare a mortal blow, and save the taxpayers more than $100 billion. U.S. District Judge Rosemary Collyer ruled last year that the Obama administration had unconstitutionally dispensed subsidies to insurers, holding that it had flouted the Appropriations Clause by doling out […]

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Chile: The Model Under Siege

 

Whenever anyone thinks of economic success stories, Latin America doesn’t exactly leap to mind. For the most part, modern Latin American economies have been characterized by corruption, cronyism, statism, populism, boom-bust cycles, failed reform efforts, and colossal meltdowns. There is, however, one major exception to that rule — Chile. Beginning with General Pinochet’s military regime […]

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Brownback Spokesman: Controversial Tax Cuts Worked

 

In 2012, Kansas Governor Sam Brownback signed a series of tax cuts for individuals and businesses. As described by Conservative Review’s Chris Pandolfo, policymakers dropped the state’s tax rates and reduced three income tax brackets to two. Income taxes on pass-through entities such as sole proprietorships and S-corp businesses were also eliminated. The tax reductions […]

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The Fed’s Risky, Unchartered Course

 

The Federal Reserve Bank, also known as “The Fed,” was created in 1913 to regulate the banks and to ensure a stable dollar. The Fed has strayed from its initial charter and is now the primary enabler of federal deficit spending and debt, which is now almost $20 trillion. The Fed’s primary tool is low […]

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Government Makes the Poor Poorer

 

For all the obsession in Washington and in college faculty lounges over income inequality, why isn’t there more outrage over government policies that exacerbate the problem? There are hundreds of programs that make the poor poorer and increase poverty in America. Many of them were exposed last week by my colleagues at the Heritage Foundation […]

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