Minnesota's state government is forecast to have a surplus of $1.5 billion over the next two years. This should kill stone dead any notion that tax increases are called for.…
There is no problem with big businesses per se. If they have grown and stayed big by producing goods and services that consumers want to purchase, they are to be…
In the same way that Marvin Hagler was made a better boxer by sparring in the gym with a quality opponent like Buster Drayton, there are few things better for…
What is usually called 'the public sector' is really just 'the government sector'. There is a difference.
Generally, the rich got that way by catering to the demands of other people in a reasonably free market. They did not get rich by making people poor, but by…
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…
There was a time when leading economists would write for a mass audience, commenting on the issues of the day, and applying economic principles to them. These six books offer…
According to Milton Friedman, one of the great economists of the 20th century, "One of the great mistakes is to judge policies and programs by their intentions rather than their…
As government in America has grown bigger and assumed power over more and more of our lives, people on both sides of the political divide either look to it to…
As socialism enjoys a new bout of popularity among so-called intellectuals, Milton Friedman's analysis of this phenomenon remains as timely and incisive as ever.
When politicians decree that labor costs will rise, businesses are incentivized to switch to capital inputs rather than labor. Who wins and who loses from this?
Leaving aside the question of whether government ought to be involving itself in these sorts of personal decisions, cigarette taxes don't even appear to be working on their own terms. But…
The real legacy of the Age of Aquarius was the Reagan Revolution.
Trade is one of the oldest topics in economics. It is also one of the oldest sources of economic dispute. Adam Smith wrote The Wealth of Nations in 1776 largely to…
All too often, the policy debates of today are simply refights of the battles of yesteryear. Because of this, old arguments often retain a modern relevance. Milton Friedman was an…
Today marks the annual celebration of Star Wars. Conveniently, it is held every year on May 4th, spurring fans and superfans alike to greet each other with “May the Fourth…
Milton Friedman was an economist with a rare gift for translating technical arguments into clear prose (as you will find at length in his books Capitalism and Freedom and Free…
Economists are often having the same debates today as they were at some time in the past. Here, in Newsweek from this day in 1963, the great economic writer Henry…
Economist Stephen Moore tells American Experiment President John Hinderaker how the business-friendly policies of the federal government have jump-started the American economy.
Reforming excessive state-based occupational licensing requirement is the issue that has a U of M labor professor sounding like a disciple of Milton Friedman and expressing strong support for legislation…
New research suggests that state personal income taxes increase income inequality by growing government.
In 1980, Nobel prize winning economist Milton Friedman turned TV presenter. Over ten episodes, his PBS program Free to Choose explored the workings of the market economy and explained how…
In 1980, Nobel prize winning economist Milton Friedman turned TV presenter. Over ten episodes, his PBS program Free to Choose explored the workings of the market economy and explained how…
You may have heard recently about the federal jobs guarantee. This policy proposes guaranteeing a job to anyone who wants one, at $15 an hour plus benefits, by the simple expedient…