The Case for Capitalism, Part IV

The Case for Capitalism, Part IV

Previous editions of the case for capitalism (Part I, Part II, and Part III) have focused on big-picture analyses of markets vs statism. Today, let’s look at a specific product that free enterprise has delivered. Younger readers may take smartphones for granted, but I...
Is Japan a Role Model for the United States?

Is Japan a Role Model for the United States?

Japan is an interesting country to examine if you want insights about public policy. We can study the impact of population aging on fiscal outcomes. We can learn about the utter failure of Keynesian economics. We can understand why it’s a very bad idea to impose a...
New Zealand’s Risky Wage-Rigging Gamble

New Zealand’s Risky Wage-Rigging Gamble

I’m a big fan of New Zealand because the nation is a great example of how sweeping free-market reforms lead to very good results. The Kiwis got rid of all agriculture subsidies and farmers benefited. The Kiwis put the clamps on government spending, both in the 1990s...