First in flight, not first in line
America’s greatest innovations emerge from free markets, not government direction.
At the Martin Center for Academic Renewal’s recent policy banquet, author and Calvin Coolidge Presidential Foundation board chair Amity Shlaes nominated Calvin Coolidge as America’s greatest education president.
The second man to return to the White House after losing a re-election bid could learn valuable lessons from the first.
John Tamny promotes the benefits of laissez-faire policy to a general audience by using sports and popular culture to convey basic economic truths.
The book’s key insight is that the movement of people across political boundaries is no different from the movement of natural resources or finished products.
In this relatively short but highly illuminating book, economics professors Philipp Bagus and David Howden (both of whom are schooled in Austrian theory) explain the collapse of Iceland’s economy in 2008. Why bother with the difficulties of that little nation (population 313,000) in the remote North Atlantic? The reason is that the Icelandic debacle stemmed from exactly the same governmental blunders that have caused so many other boom and bust cycles around the globe. Iceland’s horrible recent experience has important lessons for Americans — indeed for people everywhere.
The Morality of Capitalism is aimed especially at young people who have gotten a negative impression of capitalism — as the subtitle accurately suggests, college students are likely to hear little that’s good or accurate about it in their courses — but even veterans of the battle for liberty will find a lot of fresh, intriguing material here.
Much as running shoes can cause more problems than they solve, government needs to resist the temptation to overengineer society.
You can’t wall yourself off from it with protectionist tariffs, or government programs, or wishful thinking. You can’t put the genie back in the bottle.
There's no reason to believe increased government interference will improve education and health care in North Carolina.
There’s no reason to believe the government can do the best job promoting our health and teaching our kids.
The most familiar story of the need for extensive bank regulation depicts pre-Federal Reserve banking in the U.S. as chaotic, rife with uncertainty and bank failure. But that's not the story that a more complete history offers. In the regulation vs. deregulation debate, there are important instances of well-functioning free enterprise banking and market discipline. In the U.S., the best example is the Suffolk Clearinghouse system.