America is celebrated for its economic dynamism and ample and generously paid employment opportunities. It’s a nation that attracts immigrants from around the world. Yet Americans are bummed and have been for a while. They believe that life was better…
The Kansas City Chiefs and the San Francisco 49ers will soon compete for the National Football League championship title. Over 200 million people are expected to watch the game, and many will participate in small wagers, office pools, and fantasy…
Nobody likes paying fees. A fee, however, is a transparent way to reflect the price of something. In a market economy, prices convey vital information that consumers and producers use to make good decisions. A rise in the price of…
Argentine President Milei’s recent address at the Davos Economic Forum sent shockwaves worldwide, particularly among developed nations. He vehemently criticized socialism and collectivism, asserting that these attractive ideals often mislead people, providing a pretext for ultra-left politicians to seize power…
In a thrilling address at the World Economic Forum, Javier Milei, president of Argentina, presented a robust defense of capitalism and a critical examination of all forms of collectivism. His speech, rich in historical context and economic analysis, offers some…
Argentine President Javier Milei once again showed that he enters the world stage not as Donald Trump’s epigone but instead as the role model that Trump and other world leaders should follow. “We are here to tell you that collectivist…
The Mont Pelerin Society held its 2023 annual meeting at the same venue as the historic 1944 Bretton Woods international monetary conference, the Mount Washington Resort in Bretton Woods, New Hampshire. The conference was held from October 29 to November…
The “Invisible Hand” is a hard concept to grasp for people who don’t believe in free-market economics, but the effects are all around us. When self-interested people act on their own interests, there are often unintended (and sometimes even intended)…
As part of the Inflation Reduction Act of 2022, the Centers for Medicare & Medicaid Services (CMS) gained the authority to negotiate the price the government pays for prescription drugs. Recently, the CMS released a target list of 10 drugs…
Modern market economies are marked by a relentless quest for efficiency. In every area of economic endeavor, along all segments of the value chain, and within each function of increasingly complex commercial organizations, greater efficiency equates to increased profits and…