free market

Medical pricing in the United States is controlled by the Centers for Medicare and Medicaid Services (CMS), a federal agency with a budget equal to the production of the 16th largest economy in the world.

The taxpayer-subsidized “safety net” for agricultural producers represents a long-standing policy failure that would make a Soviet central planner blush.

Steve Forbes, Larry Kudlow, Arthur B. Laffer and Stephen Moore are four big name Washington, D.C. free market economic “experts.” They have for decades been ensconced inside the Beltway – doling out their brands of reform.

When now-President Donald Trump first burst onto the political scene, one of the ways he made a name for himself was by ridiculing many of the trade deals the United States has spent the last several decades cutting.

Some municipalities around the country have tried, and failed to set up or operate their own broadband communications networks, to compete in the business of broadband service. The reasons for the failures are numerous, but in all cases taxpayer money was put at risk often without approval of taxpayers and often wasted.

New Trump FCC Chair Ajit Pai’s keynote speech on “Building the 5G Economy” at the Mobile World Congress in Barcelona today spotlighted to the communications world that the U.S. FCC is going in a very different policy direction than that of the previous FCC Chairman Tom Wheeler.

As a lifelong conservative – and a retired musician, one thing that vexed me as I chased a magical, mystical record deal – was how bizarre and obnoxious was the system to divvy up the money from the hits.

Instead of setting up conditions to “make America great again,” the trade and economic policies proposed by President Donald Trump and Vice President Mike Pence threaten to increase the government’s power over U.S. workers, which would make economic prosperity more difficult for many to achieve.

John Nothdurft and Donny Kendal present episode #68 of the In The Tank Podcast. Today’s podcast features work from the Mackinac Center, the Heartland Institute, and Learn Liberty.

Adam Smith is, without doubt, the most famous member of that group of Scottish Moral Philosophers who contributed to the development of social and economic understanding of the market economy and how economic liberty makes human prosperity possible.

Governments have an insatiable appetite for the wealth of their subjects. When governments find it impossible to continue raising taxes or borrowing funds, they have invariably turned to printing paper money to finance their growing expenditures.

In this nightmare mess, businesses don’t try out new ideas on customers – because they aren’t allowed to do so. They are forced to first ask the Commanders for permission.

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.