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Tag Archives: free markets

Why Did Western Nations Continue to Prosper in the 20th Century even though Fiscal Burdens Increased?

Why Did Western Nations Continue to Prosper in the 20th Century even though Fiscal Burdens Increased?

In the pre-World War I era, the fiscal burden of government was very modest in North America and Western Europe. Total government spending consumed only about 10 percent of economic output, most… Read more »

New Data Shows Big Loss of Economic Freedom in the United States

New Data Shows Big Loss of Economic Freedom in the United States

My favorite Heritage Foundation publication (other than…ahem…my studies on government spending and the flat tax) is the annual Index of Economic Freedom. Like the Fraser Institute’s Economic Freedom of the World and the World Economic Forum’s Global… Read more »

The Bread-ish Difference Between Capitalism and Socialism

The Bread-ish Difference Between Capitalism and Socialism

If you ask an economist about the difference between capitalism and socialism, you’ll probably get a boring answer about the size of government, the impact on incentives, and the power… Read more »

The Most Pro-Capitalism Place to Live in North America Is…

The Most Pro-Capitalism Place to Live in North America Is…

Back in February, I said Australia probably was the country most likely to survive and prosper as much of the world suffered fiscal collapse and social chaos. In hindsight, I… Read more »

The Pope Is Wrong about Capitalism: Free Markets Are Best for the Less Fortunate

The Pope Is Wrong about Capitalism: Free Markets Are Best for the Less Fortunate

Forget the debate over whether Obama is a socialist. Now we’re discussing whether Jesus is for big government. Or, to be more accurate, the Pope has started a debate about… Read more »

A Thanksgiving Tale of How Property Rights Saved America

A Thanksgiving Tale of How Property Rights Saved America

The genius of capitalism is that there is a link between effort and reward. In a genuine market economy (as opposed to cronyism), people can only make themselves rich by… Read more »

Economic Growth Is the Best Way to Help the Poor, not Redistribution in Pursuit of Coerced Income Equality

Economic Growth Is the Best Way to Help the Poor, not Redistribution in Pursuit of Coerced Income Equality

Switzerland’s left-wing party has instigated a referendum for November 24 that asks voters to limit pay ranges so that a company wouldn’t be able to pay top employees more than… Read more »

Bono Understands the Need for Capitalism, so Now Let’s See if There’s any Hope for Obama

Bono Understands the Need for Capitalism, so Now Let’s See if There’s any Hope for Obama

Sometimes you find support for capitalism and small government in some rather unexpected places. I was surprised, for instance, when I found out that Gene Simmons, the lead singer for… Read more »

The Very High Cost of Government Regulation and Red Tape

The Very High Cost of Government Regulation and Red Tape

In prior posts, I’ve shared some remarkable numbers on the cost of regulation. Americans spend 8.8 billion hours every year filling out government forms. The economy-wide cost of regulation is now $1.75… Read more »

Everything You Ever Wanted to Know about Economic Policy

Everything You Ever Wanted to Know about Economic Policy

I’ve narrated a video that cites Economic Freedom of the World data to explain the five major factors that determine economic performance. But that video is only six minutes long,… Read more »