markets

In a recent survey of business economists, only 4 percent said they expected a recession to begin by the end of the year.

The number one problem of all public debate about politics and economics is the failure to name the state. If this would change, so would public opinion.

After the collapse of communism in the 1990s, there was confidence that democracy had won and the market economy had shown its superiority to government planning.

Numerous misunderstanding and mythologies surround the meaning of capitalism and competition, but few match the confusions over the meaning and relevance of “monopoly” in the workings of the market economy.

Few things are as clear as the bankruptcy of the political “left.”

Whatever economic freedom we enjoy in the world today is due, to a great extent, to the ideas and efforts of the classical liberals and economists of the first half of the nineteenth century.

Socialism doesn’t work because it tries to root out human nature. Capitalism works because it harnesses it.

The world is threatened with a renewed wave of anti-capitalism and anti-business sentiments and policies. Many who cheered the demise of Soviet communism in the early 1990s, presumed that this meant that, by default, the case for free markets and competitive enterprise had won in the battle of ideas. Over the last twenty-five years it has become clear that the same misguided arguments against free market capitalism constantly reemerge, like an ideological vampire waiting to rise from the intellectual grave and drain market freedom of its lifeblood by more government regulations and controls.

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.

Nevada’s casinos and the state’s largest electricity supplier are locked in an escalating conflict, but the Nevada Legislature can turn the impasse into a victory for both parties if it will merely restore economic freedom to electricity markets.

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.

After years of rising gasoline prices, people are puzzled by the recent drop that has a gallon of gas at levels not seen in nearly four years. Typically in times of Middle East unrest, prices at the pump spike, yet, despite the violence in Iraq and Syria, gallon of gas is now at a national average of $3.

Suppose instead of making common cause with corporate titans and Washington technocrats to impose Common Core standards uniformly on education, philanthropist Bill Gates instead used his vast wealth to create his own brand of schools to compete in a vibrant educational marketplace.