Obama’s antitrust-enforcers act to destroy companies of ability in the economy. The Michael Phelpses of business want to swim as fast as their minds and bodies can go, but they can’t because the judge keeps moving the finish line away, on grounds that they’ll win too many golds
The reason any individual deserves success is because of the simple fact that that individual uses his mind to produce or achieve something valuable, whether it’s a skyscraper, an iPhone or a fast food order. That individual earned that success because he transformed an idea in his mind into a reality.
When we move beyond the economic details, the Greek bailout boils down to a question of moral principle: should the responsible be obligated to sacrifice their success to save the irresponsible from the consequences of their actions? Should one person’s debts outweigh another person’s savings?
Suppose Congress passed a law requiring that all restaurant meals include broccoli and okra, whether the customer wanted them or not. Restaurants must also charge the same price for all meals, regardless of whether the customer ordered a small salad or a large steak. And they must serve free meals to children up to age […]
Imagine that you are beginning your first year of college. Things start off well, but then one day you come to class and are dismayed to find your professor asking you to turn in an assignment that wasn’t on the syllabus. After this, the professor adds new assignments and readings with no warning even after […]
After touting “green energy” as the solution to everything from climate change to economic recession, the Obama administration is facing the somewhat embarrassing failure of one of its pet projects: the solar energy start up Solyndra Inc. While the failure of a solar energy company is hardly surprising given the impotence of the technology, this […]
Washington’s latest attempt to put a stop to economic success in the name of “fairness” In an economy characterized by slow growth, one might expect the government to do what it can to help speed the pace of business. In economics, speed is crucial: the rate at which things are made, discovered, invented, and delivered […]
The source of technology and prosperity—the free human mind—is unshackled only under capitalism Would you give up the Internet for a million dollars? This was the question posed in a recent YouTube video distributed by The Fund for American Studies. Not surprisingly, many who were interviewed in the video said “no.” How much would they […]
As the American Recovery and Reinvestment Act continues to pour massive amounts of stimulus money into the economy, some European governments have—in a move quite out of character—started to call for austerity measures in regard to government expenditures. Spain’s government has recently changed its position from one of increasing government stimulus, to one of reducing […]