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Milton Friedman: Capitalism or socialism, which is more humane?

Collectivist, Big Government policies are being increasingly openly espoused by mainstream politicians. Socialism, that discredited relic of the 20th century, is having 'a moment'. These idea are frequently presented as being more 'fair' or 'humane' than free market capitalism. But are they? In this video below, from 1978, the economist Milton Friedman explains the relative humanity of capitalism and socialism. ...

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Venezuela hikes its minimum wage and trashes employment. What are the lessons for Minnesota?

It is heartbreaking to see the people of Venezuela, formerly the poster child for 'democratic socialists' like Sen. Bernie Sanders, reduced to being lab rats in another experimental proof of the the awfulness of socialist economics. But there are lessons in this and the least we can do is learn from them. ...

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How government can keep housing affordable for everyone: stop making housing more expensive and stop trying to help

Before our legislature or local governments try anything new, or tap more taxpayers dollars, they should first analyze how state and local regulations drive the costs of building and maintaining rental and other housing, especially for people who are cost sensitive: students, young people just getting a start and for low-income residents, including the elderly who are in fixed incomes....

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1968 around the world

Fifty years ago this week the Soviet Union invaded Czechoslovakia to crush a pro-democracy political movement. Five days later, protesters gathered in Chicago to demonstrate at the Democratic convention there. Waving communist flags, these mostly middle class kids claimed to be living in a fascist state. One wonders what the Czechs would have made of that.  ...

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