Economics

3 Ways Milton Friedman Improved the Field of Economics 0
- Economics
- July 13, 2018
Milton Friedman is probably the most important free-market thinker of the twentieth century. His ideas in defense of capitalism and economic freedom had an enormous influence on the shift towards free-market policies that took place from the 1970s onwards. Countries like the UK, China, Chile, or Estonia followed the economic recipes contained in best sellers
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It’s Time to Privatize the United States Postal Service 0
- Economics
- July 13, 2018
Last week, the Trump administration unveiled a proposal to privatize the United States Postal Service (USPS). The plan comes as part of a broader initiative to trim and reorganize the federal government. And given its track record of waste and inefficiency, the USPS is a great place to start cutting the fat. “USPS’s current model is unsustainable.
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The Real Questions You Should Ask Your Economics Professor 0
- Economics
- July 12, 2018
“Students are commonly told that Jesus was amenable to socialism because he favored the sharing of wealth. But in fact, he taught personal responsibility, voluntary charity, and doing good from the heart, not from someone else’s wallet.” “The only thing new in the world,” President Harry Truman famously said, “is the history you do not
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Socialism is Not Built on Compassion. It’s Built on Group Conflict.0
- Economics
- July 11, 2018
Some claim capitalism dehumanizes individuals. Others claim Horatio Alger stories are a myth, believing individuals have little social or economic mobility under capitalism and cannot rise above the circumstances into which they are born. If you believe capitalism does a worse job than socialism on social and economic mobility and that socialism treats people
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How Democracies Become Tyrannical 0
- Economics
- July 3, 2018
For most of the last three centuries, the ideas of liberty and democracy have been intertwined in the minds of both friends and foes of a free society. The substitution of absolute monarchies with governments representative of the voting choices of a nation’s population has been considered part and parcel with the advancement of freedom
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Why People in Hong Kong Have Incomes 5x Higher Than People in China’s Richest Province 0
- Economics
- June 29, 2018
For two decades, prosperity has followed economic freedom for the most economically free territory in the world: Hong Kong. An island lacking natural resources, Hong Kong was added to the British Empire after the Opium Wars and eventually transformed into a hub of Britain’s China trade. Britain’s 99-year lease on Hong Kong expired in 1997,
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