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    Don't Forget the Benefits of Capitalism

    In his classic baseball book “Ball Four,” Jim Bouton writes that as a child he longed to be able to run, just once, across the beautiful outfield grass. Yet as an adult and a major league ballplayer, he takes being on the field for granted. “Sometimes I forget to tingle,” … More

    What Capitalism's Critics Get Wrong

    Attacking capitalism never seems to go out of style. Over the past 100 years, few institutions have been attacked so fiercely, so falsely and so foolishly. Yet capitalism’s resilience continues. Governments based on the idea that capitalism is evil and that the state can create wealth by controlling an entire … More

    What Makes Black Friday Possible?

    Black Friday has come and gone in the United States. As you’re surely aware, millions of shoppers are spent the day after Thanksgiving pouring into stores searching for bargains. True to the nature of capitalism, that’s good for the buyers and good for the sellers as well. In Venezuela, a … More

    Does Your Religion Define How You Think About Economics?

    The authors of a new Brookings Institution survey believe the American Dream is dead—or at least in trouble. And who’s to blame? Religious conservatives. Progressives, on the other hand, want everyone to have equal opportunities in the name of social justice—but with a caveat: If you start out ahead in … More

    Milton Friedman at 101: We Need His Ideas Now More Than Ever

    Today, on what would have been Milton Friedman’s 101st birthday, we celebrate the enduring insights of an economist and thinker whose ideas have served as the guiding light for visionary leaders around the world. The practical policies inspired by Friedman have allowed countless individuals to realize their dreams through participation … More

    Egypt: Egyptians Want Greater Economic Freedom Before Democracy

    For many ordinary Egyptians, fixing the economy is key. They are demanding a functioning economy that works under the rule of law. In fact, protesters have been demanding greater economic freedom, not necessarily greater democracy. Recognizing the critical distinction between these two cannot be overemphasized. In his thought-provoking chapter featured … More

    A Farmer's Case Against the Farm Bill

    Farming can be a risky business, but Britt Dudek thrives off the uncertainty. It’s a part of farming he defines as freedom—a freedom he refuses to let government take away. “Farming gives you the freedom to succeed and the freedom to fail,” said Dudek, who took over his family’s farm … More

    Heritage's Ryan Anderson Addresses Regent University Graduation

    Hold a sense of personal responsibility over a sense of entitlement, Heritage scholar Ryan T. Anderson urged graduates on May 4 during the commencement address at Regent University. In a speech titled “Truth, Responsibility and Love,” Anderson exhorted the class of 2013 to consider their responsibilities in a world preoccupied … More

    North Korean Propaganda Distracts from the “Hermit Kingdom’s” Real Problems

    A purported new North Korean propaganda video asserts Americans live in tents, make coffee from snow, and live off birds. At least that is what its English voiceover portrays. News sites rapidly reposted the video, including Wired’s Danger Room, Slate, the Telegraph, Daily Mail, and the Atlantic. Even The Washington … More

    Capitalism: Making Tires Safer and Most Things Better

    Humans have been using tires since the dawn of the automotive age. But today’s tires aren’t much like their predecessors. Instead of being made with natural rubber, for example, they’re fashioned from layers of materials, including textiles and steel. This is a perfect example of what economist Joseph Schumpeter meant … More