by Sheldon Richman
President Obama thinks he can score points on Mitt Romney by pointing out that companies acquired by Bain Capital outsourced jobs to other countries. The implication is that there is something unpatriotic in contracting for foreign labor. That is a strange position in this era of globalization, which Obama claims to favor.
Romney, a self-described champion of free enterprise, defended ... [click for more]
by Robert Murphy
Although he’s no longer a contender for the 2012 Republican nomination, Donald Trump’s short-lived proto-campaign was notable for its extreme China-bashing. Because such mercantilist and xenophobic sentiments may get only worse as the economy slumps along, it’s worthwhile to point out exactly why Trump’s proclamations made little sense and in fact were internally contradictory.
At the height of his popularity ... [click for more]
by Laurence M. Vance
As libertarians have long pointed out, trade agreements like the Central America Free Trade Agreement (CAFTA) and organizations like the World Trade Organization (WTO) are not free-trade agreements and organizations. Rather, they are managed-trade agreements and organizations that abdicate power to an international body, and in direct violation of the Constitution. As Congressman Ron Paul stated,
We don’t need government ... [click for more]
by James Bovard
Politicians now pretend that government spending can solve any and all ills. Sloshing out federal funds for local summer job programs exemplifies this delusion.
Uncle Sam first began bank-rolling summer jobs for urban teens in 1964. It was decided that government should hire any low-income teen who couldn’t find a job on his own. Soon, with the usual bureaucratic imperialism, ... [click for more]
by Jacob G. Hornberger
Let me begin by making a very simple, direct point: There is one — and only one — solution to the so-called immigration crisis: freedom and free markets. Every other measure, including the recently enacted immigration law in Arizona, will accomplish nothing more than continue the “crisis” and actually exacerbate it.
After all, how many times have we been here ... [click for more]
by Jim Powell
Part 1 | Part 2
In the 1870s, the Japanese had many government-run businesses — among them, mining, shipbuilding, railways, and silk production. According to economic historians Johannes Hirschmeier and Tsunehiko Yui, they “were a heavy burden on government finance, and on the whole were running in the red.” The government couldn’t even make money with silk production, something ... [click for more]
by Sheldon Richman
On March 1, 2010, Sheldon Richman gave the following speech at The Future of Freedom Foundations Economic Liberty Lecture Series. The speech can viewed below in its entirety.
[click for more]
by Lois Kaneshiki
In case you haven’t heard, many states are passing laws that make it illegal to sell American flags that were not made in the United States. I can hear the sound of labor unions cheering the deed as I write this. However, if America wishes to remain the great nation she is, she should celebrate American flags made in ... [click for more]
by Anthony Gregory
Overthrow: America’s Century of Regime Change from Hawaii to Iraq
by Stephen Kinzer (New York: Times Books, 2006); 400 pages; $27.50.
Since September 11, the U.S. government has overthrown the governments of Afghanistan and Iraq. Most Americans appear to think of these actions as defensible in principle ... [click for more]
by Jacob G. Hornberger
The trouble with liberals is twofold: They have a horrible blind spot with respect to moral principles and they have an abysmal understanding of economic principles. Of course, I’m referring to “liberals” in the corrupted “big-government” sense of the term rather than in the classical libertarian meaning of the ... [click for more]
by Adam B. Summers
Congress certainly has had its plate full lately. Important things are going on in the nation and around the world. A New York Times report that President Bush signed a secret order authorizing the National Security Agency to spy on Americans without obtaining warrants has sparked controversy, Iraqis have ... [click for more]