By Dan Sanchez The other night, a politician criticized Bernie Sanders and Elizabeth Warren for offering voters “free everything and impossible promises.” Remarkably, the critique came not from a Republican fiscal conservative but from a fellow Democrat during a primary debate. John Delaney, a former congressman from Maryland, said such policies were based on “fairytale … [Read more...] about “Free Everything” and the First Law of Politics
Entrepreneurship
Tech Innovators in Tanzania Connect 5,000 Tutors with Students in New Online Platform
By Goodhope Amani The Tanzanian government has announced free education for primary through secondary school, but a quality education remains an intense debate in Tanzanian society. Tech innovators in Tanzania are hoping to improve the quality of education through technology, seizing on the fact that about 45 percent of Tanzanians are now online, and that number is … [Read more...] about Tech Innovators in Tanzania Connect 5,000 Tutors with Students in New Online Platform
4 Ways Employers Respond to Minimum Wage Laws (Besides Laying Off Workers)
By John Phelan Most of you will be familiar with a supply and demand graph. This shows a demand curve, which graphs the relationship between the price of something and the quantity demanded of that something, as well as a supply curve, which graphs the relationship between the price of something and the quantity supplied of that something. It is probably the most basic—and … [Read more...] about 4 Ways Employers Respond to Minimum Wage Laws (Besides Laying Off Workers)
Why Do You Have a Boss?
By Michael Munger Economists love markets. Markets tell us what to do, in efficient, decentralized ways, through the signals conveyed by prices. Prices tell you how much someone else values the thing you are considering using, even if you don’t know who that person is. But one economist, Ronald H. Coase, had an annoying question, way back in the 1930s. His question was … [Read more...] about Why Do You Have a Boss?
How Bringing Joy to Work Can Improve Your Life (and Save You From Burnout)
By Brooke Medina and Doug McCullough Professional success and entrepreneurship can be rewarding, but they have their limitations. Joy and ultimate meaning are too often viewed as byproducts of landing that dream job or reaching a certain income. But instead of expecting our work life to dictate our outlook, we need to flip the script. By choosing to begin each workday with a … [Read more...] about How Bringing Joy to Work Can Improve Your Life (and Save You From Burnout)
How Regulation Wrecks Innovation
By Adam Thierer Even in an age of hyper-partisanship, people still like a good underdog story and few are better than the small start-ups taking on the giants of industry. Entrepreneurialism helps create jobs, innovations, and other economic and social opportunities. It’s a story everyone can get behind. Everybody, that is, except the incumbents and their political … [Read more...] about How Regulation Wrecks Innovation
S.B. Fuller: The Forgotten History of a Legendary Black American Entrepreneur
By Brian Miller In the days before President Lyndon Baines Johnson, black Republicans were a thing. And chief among them was Samuel B. Fuller. Fuller was a black American entrepreneur in the mid-Century United States. More than just an entrepreneur, he also gave back to the black community by providing both inspirational speeches as well as nuts-and-bolts training at a time … [Read more...] about S.B. Fuller: The Forgotten History of a Legendary Black American Entrepreneur
5 Ways to Address Millennial Pessimism about Capitalism
By Doug McCullough and Brooke Medina Polls suggesting that millennials have a favorable view of socialism are well publicized. Less known are polls showing that 90 percent of millennials have a positive view of entrepreneurship, and 58 percent of millennial respondents believe they are more entrepreneurial than previous generations. So far, though, millennials have not been … [Read more...] about 5 Ways to Address Millennial Pessimism about Capitalism
Occupational Licensing — An Unnecessary Evil
By Paul Boyce Occupational licensing comes under the guise of protecting the consumer from poor quality service. Professions that require licensing in the US include; nursing, law, dentistry, teaching, accounting, psychology, engineering, and architecture — among many others. This is to ensure that the service received is of a satisfactory standard. Occupational … [Read more...] about Occupational Licensing — An Unnecessary Evil
What 19th-Century Foreign Writers Said about American Freedom and Prosperity
By Richard M. Ebeling If you look at the results of relatively open and competitive market economies over the years, the decades, and especially the last two centuries, the only conclusion that can reasonably be reached is that free market liberal-oriented societies provide the conditions and opportunities for constant and continuous material and social betterment for the … [Read more...] about What 19th-Century Foreign Writers Said about American Freedom and Prosperity
The Value of a Self-Directed Summer for Kids
By Kerry McDonald It’s all over the news these days. Kids are stressed-out, not playing, and, most worrisome, experiencing sharp increases in depression and suicide. Last month, a new paper published in the Journal of Abnormal Psychology revealed that adolescent mental health has deteriorated over the last decade, with soaring depression rates for young people ages 14 to … [Read more...] about The Value of a Self-Directed Summer for Kids
Entrepreneurs: Changing The World Through Business
By Per Bylund Politics is hardly an effective force for bringing about positive change in society. Instead, real change, and especially such that changes people’s lives for the better, comes from elsewhere. It comes from business, and specifically from innovators, entrepreneurs, and pioneers in the market. And very often it does so despite politics and the state — or even … [Read more...] about Entrepreneurs: Changing The World Through Business