The history of liberty and prosperity is inseparable from the practice of free enterprise and respect for the rule of law. Both are products of the spirit of classical liberalism. But a correct understanding of free enterprise, the rule of law, and liberalism (rightly understood) is greatly lacking in the world today.
Tagged: free market
In a recent article published by Bloomberg View, Harvard law professor Cass Sunstein discusses “an important but widely overlooked speech” made by Elizabeth Warren (D), in which the Massachusetts senator bemoans the influence of powerful industry groups on the regulatory process. To Warren, the problem is not overzealous administrative bodies, eager to impose unwanted, unnecessary new rules, but regulatory capture—the notion regulation is, in the words of economists Michael E. Levine and Jennifer L. Forrence, “simply an arena in which special interests contend for the right to use government power for narrow advantage.”
Dr. Richard Armstrong, treasurer of the Docs4PatientCare Foundation, joined Heartland Research Fellow and Managing Editor Michael Hamilton to explain how Medicare and Medicaid–two government-run, taxpayer-funded health care programs–inadvertently obstruct patients from accessing, and doctors from providing, the best possible care.
There was on Monday a quintessential example of the horrendously bad thinking of those opposed to all things intellectual property. An op-ed totally disconnected from Reality – and chock full of thought-free, pathetic anti-property platitudes.
In today’s edition of The Heartland Daily Podcast, Dr. Hal Scherz, founder of Docs 4 Patient Care, joins Managing Editor for Health Care News Michael Hamilton. If you have made a habit out of reading the articles found at news.heartland.org/health, you’ll find a number of stories about one of the best kept secrets in the health care industry, a secret Dr. Scherz is going to help expose today.
Sometimes there are men of principle who live their values and not merely speak or write about them. People who stand up to political evil at their own risk, and then go on to say and do things that help to remake their country in the aftermath of war and destruction. One such individual was the German, free-market economist, Wilhelm Röpke.
Eighty years go, on February 4, 1936, one of the most influential books of the last one hundred years was published, British economist, John Maynard Keynes’s The General Theory of Employment, Interest and Money. With it was born what has become known as Keynesian Economics.
At Saturday’s Republican debate, several candidates were asked to define “conservatism.” Marco Rubio gave a politically-astute answer. He said conservatism embodies three principles: (1) limited government under the framework of the Constitution, (2) free-market economics and (3) peace through strength. Donald Trump gave an answer in keeping with the root word “conserve,” he conserve that which one has.
In this episode of The Heartland Daily Podcast, managing editor Jesse Hathaway talks with Marian Tupy, the editor of HumanProgress.org and a senior policy analyst with the Cato Institute’s Center for Global Liberty and Prosperity. HumanProgress, a Cato Institute project, allows people to create, compare, and share statistical indices of how human quality of life has changed over the centuries.
Recently, my patients with commercial insurance were paying $15 out of pocket per vial for analogue rapid-acting insulin. A Medicare patient was paying $40 per vial for the same insulin until she entered the “donut hole,” at which point her price went to $102 per vial.
Personal choice and freedom of association are two fundamental and essential principles of any truly free society, and this includes a free market workplace. Unfortunately, the Obama Administration is spending taxpayer dollars to undermine those principles in other countries around the world.
In this episode of the Heartland Daily Podcast, managing editor Jesse Hathaway and Towson University economics lecturer Howard Baetjer talk about how free-market forces are more efficient than government regulatory boards and commissions at “regulating” the quality of consumer goods and services.
In today’s edition of The Heartland Daily Podcast, Heartland Editor Justin Haskins discusses the Presidential candidate Jeb Bush’s plan to repeal and replace the Affordable Care Act, or Obamacare.
The FCC’s latest legal brief defending its Open Internet Order, will represent the FCC’s “strongest possible” legal arguments for its Title II net neutrality case – a vainglorious legal fortress.
For months, now, the mass media and the financial markets have anxiously watched and waited to see the outcome of a war of words, accusations, and threats that have been fought between Greece and its Eurozone and European Union partners.
In today’s edition of The Heartland Daily Podcast, Jesse Hathaway, managing editor of Budget & Tax News speaks with Andrew Heaton. Heaton is a stand-up comedian based out of New York city and star of the popular Youtube series “EconPop.” Heaton joins Hathaway to explain what the classic film “The Shawshank Redemption” can teach us about the creation of markets, voluntary exchange, and why you can’t make change for a cow or a goat.
In today’s edition of The Heartland Daily Podcast, we listen in as Heartland Senior Fellow Peter Ferrara joins the Mark Levin Show to discuss his new book, Power to the People: The New Road to Freedom and Prosperity for the Poor, Seniors, and Those Most in Need of the World’s Best Health Care.
I have been wrestling for some kind of explanation why the President of the United States, Barack Obama, would continue to talk about climate change and urge the global transition from fossil fuels to wind, solar and bio-energy. I have concluded that he thinks everyone, not just Americans, are idiots.
You may not have noticed it when out buying things in the marketplace in the context of your personal budget, but according to the Wall Street Journal (April 24, 2015) the world is awash with too much stuff. We seemingly have too much of, well, almost everything: too many raw material commodities, too much capital, and too much labor. The world, claims the Journal, is suffering from global gluts.
Think of the FCC, unilaterally self-armed with the “strongest possible rules” of Title II 1934 monopoly telephone regulation, as a Washington backwater “kangaroo court,” where innocent communicators can be hauled before a mock court system where normal due process, rule of law, and justice may not apply.