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.
What is the role of government in society? This has been and remains the most fundamental question in all political discussions and debates. Its answer determines the nature of the social order and how people are expected and allowed to interact with one another – on the basis of either force or freedom.
In today’s edition of The Heartland Daily Podcast, managing editor of Budget & Tax News Jesse Hathaway talks with Jonathan Williams, Vice President of the American Legislative Exchange Council’s (ALEC) Center for State Fiscal Reform, about how welfare reform and economic reform go hand in hand, and what states can do to help the needy back onto their feet and into society.
The purpose of any economic exchange is to better one’s position, whether a person buys or sells something for money or barters for something else. This is the essence of free market capitalism, where all economic transactions are voluntary because they are of mutual benefit. They are all “win-win” situations in the minds of the participants.
While the vast majority of Americans say that their nation’s not headed in a good direction, there’s a minority that are optimistic about the future. Indeed, author Michael Lotus believes America’s greatest days are yet to come.
Wherever we turn we are confronted with politicians, political pundits, television talking heads, and editorial page commentators, all of whom offer an array of plans, programs, and projects that will solve the problems of the world – if only government is given the power and authority to remake society in the design proposed.
When trying to promote the safety of a product, industry will often compare the safety of their new product to other products already considered safe. Such is the case with ‘smart meters’, often compared to cell phones, despite much evidence that smart meters pose a risk to health, invade one’s privacy, and are potential fire hazards. Might cell phones, those ubiquitous, beloved objects of necessity in today’s society be anything other than safe?
A new kind of business model connecting customers and providers is cutting out inefficient middlemen and reducing costs. Unfortunately, some governments are trying to undercut these new services at the request of the old-economy companies that are displacing them with their greater efficiency.
In this episode of the weekly Budget & Tax News podcast, managing editor Jesse Hathaway is joined by Ayn Rand Institute fellow Don Watkins to talk about the American Dream, income inequality, and Selena Gomez… it makes sense when you listen to the podcast, we promise.
Since the economic downturn of 2008, the critics of capitalism have redoubled their efforts to persuade the American people and many others around the world that the system of individual freedom and free enterprise has failed.
In today’s edition of The Heartland Daily Podcast, H. Sterling Burnett, managing editor of Environment & Climate News speaks with Norman Rogers. Rogers is a Heartland policy advisor and high tech businessman. Rogers joins Burnett to discuss climate change and the dangers of EMPs, or electro magnetic pulses.
Earth, these authors tell us, has not “yet” reached this “this vanishing point of evolutionary history. But modern civilization already perturbs — if not dominates — various large-scale processes and components of the planet.”Dominates. They speak of a global “metabolism” of carbon and other elements, and of a global “anatomy” that is “largely a product of relentless socio-economic action.” Largely.
The federal government alone spends almost $4 trillion a year – that is a LOT of garbage. Hundreds of billions of that is borrowed, which is debt and interest for which We the People are responsible – more garbage. Then there’s what they do with so much of that money – create ever more regulations. More garbage.
In today’s edition of The Heartland Daily Podcast, H. Sterling Burnett, managing editor of Environment & Climate News speaks with Amanda Maxham. Maxham, a writer and research associate at the Ayn Rand Institute, is a physicist who became a policy wonk. Maxham joins Burnett to discuss how alarmism regarding climate and science is preventing society from thriving.
It is seventy years, now, since near the end of the Second World War Austrian economist, and much later Nobel Prize winner, Friedrich A. Hayek published his most famous article, “The Use of Knowledge in Society,” in September 1945, demonstrating why it is impossible for a system of socialist central planning to effectively manage a complex and ever-changing economy better than a functioning, competitive free market order.
Many Social Democrats believed that democracy was both compatible with and an essential complement to a humane socialism, a socialism that did not reduce humanity to obedient cogs in a giant collectivist wheel directed by a “dictatorship of the proletariat.” They wanted socialism with traditional civil liberties, personal freedom and democratic politics.
We live in an era in which few can even conceive of a world without the welfare state. Who would care for the old? How would people provide for their medical needs? What would happen to the disadvantaged and needy that fell upon hard times? In fact, there were free market solutions and non-government answers to these questions long before the modern Big Government Welfare State.
On the last day of 2014 I received a lapel pin from the Society of Professional Journalists in honor of my having been a member since 1979, thirty-five years ago. I confess I was a little stunned to think I had been an editor and reporter that long ago. Indeed, I had been one for several years even before I joined the Society.
Forty years ago, on December 11, 1974, Austrian economist, Friedrich A. Hayek, formally received that year’s Nobel Prize in Economics at the official ceremonies in Stockholm, Sweden. He delivered a lecture called, “The Pretense of Knowledge,” which forcefully challenged all those who believe that government has the wisdom or ability to successfully plan the economic affairs of society.