If you’ve been to the movies lately, you’ve probably seen ads for Promised Land, a film that takes a dim view of using hydraulic fracturing (fracking) to produce natural gas. Steve Forbes isn’t surprised. “In movies, capitalists kill more people than serial killers,” he said during an appearance at The …
The U.S. Bureau of Economic Analysis (BEA) announced today that imports and exports both declined in October while the overall trade deficit increased. Reactions to the BEA report were misleading. For example, the Associated Press reported: “A wider trade deficit acts as a drag on growth.” In fact, U.S. trade …
For those who failed to recognize the ideological stakes of the recent election, Merriam-Webster Dictionary has revealed that many Americans were well aware of the confrontation between the ideas of capitalism and socialism. The terms “socialism” and “capitalism” received more searches on Merriam-Webster’s popular online dictionary than any other terms …
At Tuesday night’s Kemp Foundation Leadership Award Dinner, Representative Paul Ryan (R–WI) and Senator Marco Rubio (R–FL) talked about ways to promote opportunity, battle poverty, and get the country back on track. Both men aim to further successful reforms triggered by former Secretary of Housing and Urban Development and longtime …
Bring a rancher, a motorcyclist, a governor, a poultry producer, a gas station manager, and a restaurant owner together around a table, and they probably wouldn’t have much in common regarding their day-to-day lives. But they have all joined the growing ranks of people dissatisfied with the renewable fuel standard. …
How does a pencil represent what Adam Smith called “the invisible hand” of the free market? A new film by the Competitive Enterprise Institute has adapted Leonard Read’s famous essay, “I, Pencil: My Family Tree As Told to Leonard E. Read,” to answer this very question. Originally published in 1958 …
It was clear in pre-election discussion that Americans want energy independence. The most successful means to this end has been the free market—and the release of the International Energy Agency’s (IEA) annual World Energy Outlook proves it. IEA projects that while global energy demand will climb, America will emerge as …
Later this month, China and 15 other nations will begin negotiations for a possible new trade agreement. This agreement, the Regional Comprehensive Economic Partnership, could encompass 28 percent of the global economy, to the benefit of all nations involved. These negotiations reflect a worldwide trend of bilateral and multilateral trade …
Politicians too often confuse “free money” with “free markets”—that is, they consider themselves pro-business when they work deals that make some businesses happy, even though it usually comes at the expense of the overall economy. So it should be no surprise that President Obama claimed in a Morning Joe interview …
