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.
Tagged: free market
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.
In spite of the great advances in reducing poverty and increasing the freedom and dignity of hundreds of millions of people around the world, the political and cultural climate virtually everywhere around the world is one of anti-business and anti-capitalism.
In Today’s edition of The Heartland Daily Podcast, we listen in as Senior Fellow Peter Ferrara talks with Inside Track radio. Ferrara was on to discuss, among other things, the GOP budget proposal and how entitlement reform could save trillions of dollars and help millions of people.
In Today’s edition of The Heartland Daily Podcast, we listen in as Senior Fellow James M. Taylor speaks with Marita Noon, host of America’s Voice for Energy. Taylor and Noon discuss solar energy in the United States. Noon and Taylor have both recently focused some of their work on the topic of solar power.
A recently released report on the degree of confidence that Americans have in the country’s leading political and economic institutions showed that few of these institutions are held in high regard by the public.
The Barack Obama Administration’s Thursday Internet uber-power grab is awful for just about every American. It will lead to dramatically more expensive Web access – because of both raised service costs and huge new taxes.
Most people instinctively understand when government shelters companies from competition it is ultimately the consumer who suffers from higher prices, lower quality, or both. Unfortunately, this bit of common sense hasn’t made much difference in the minds of those arguing Indiana should impose a moratorium on new nursing home facilities and beds.
One of the great myths about the capitalist system is the presumption that businessmen make profits at the expense of the consumers and workers in society. Nothing could be further from the truth.
Mythological trolls — described as old and ugly creatures living under bridges or in caves — are known for one central feature: generally troublesome and injurious to human enterprise. Much of the same can be said for today’s patent troll — the dubious business entity again drawing the ire of Congress that exists solely to acquire patents and make claims of infringement in court.
Hershey’s – the Candy Man – is a BIG business. Its May 2014 market cap was $23.26 billion.
And Hershey’s is very generous with government. Through the second quarter of last year, it had spent $8,332,000 on lobbying and $845,534 on candidates and elected officials. Tallies no Mom & Pop Candy Shoppe can come close to matching.
Competitive Enterprise Institute senior fellow John Berlau joins The Heartland Institute’s Budget & Tax News managing editor Jesse Hathaway to talk about the U.S. Treasury Department’s recent announcement that the “auto bailout” portion of the Troubled Asset Relief Program (TARP) had officially ended with the final repayment of taxpayer-funded loans to Ally Financial, formerly known as GMAC.
John Stossel spoke of being trained as a liberal consumer reporter. Believing rules were needed because life was complex, Stossel whole heartedly endorsed regulations, only to watch them fail. As to the The Department of Consumer Affairs, Stossel spoke about licensing requirement for repair shops. Licensing, however, didn’t protect customers. 30 years later repair shops, despite being licensed, were still fooling consumers and not giving consumers what they were promised to expect.
Research Fellow Sean Parnell talks with Jeff Anderson, Executive Director of the 2017 Project. The two discuss Anderson’s organization’s plan for replacing Obamacare with a more market-friendly system. The 2017 project is based on a combination of tax credits, reform of the individual insurance market, and high-risk pools.
Only one week after Election Day, Washington, DC’s focus has shifted from furious campaigning to National Education Week and the Thought Leader Summit (held from Nov. 10–13), “a gathering of the leaders from education, business, and government who define and shape trends in public and private education.”
After a sweeping Republican win in the 2014 midterms, some at The Heartland Institute are reluctant to take a sigh of relief. With the Republican party in firm control of congress, many new challenges and concerns face those who advocate limited government.
Over a scholarly career that has spanned a half a century, Kirzner has enriched our understanding of the theory of the competitive process, the role of the entrepreneur in bringing about market coordination and innovation, the nature of capital and interest, the dangers resulting from the regulated economy, and the importance of individual freedom for the open-ended creativity that enhances the general human condition.
Suppose that there was a button in front of you that if you pushed it would, in one instant, abolish all the governmental controls and regulations on the U.S. economy. Would you push that button, and transform America into a society of free men associating with each other on the basis of voluntary exchange, with government limited to protection of life, liberty and honestly acquired property?
Last week the Center for American Progress released a health care reform plan it claimed should draw bipartisan support because it includes Republican ideas. The first four words of an Associated Press article reporting on the plan were “Borrowing a Republican idea.”