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    Wal-Mart Delivers a Lesson to Antitrust Prosecutors

    Wal-Mart made headlines last week for launching same-day delivery service in direct competition with Amazon.com. This new retail rivalry between the big boys—brick-and-mortar versus virtual—provides yet more evidence that no company, no matter its size, is immune from competition. That’s a lesson federal antitrust prosecutors ought to heed. The “Wal-Mart … More

    You Can Build That—with the Help of the Market

    President Obama’s “You didn’t build that” comment has drawn much attention. The reactions from both the President’s defenders and his critics illustrate a profound misunderstanding about how the market actually allows us to cooperate. As Milton Friedman, echoing Foundation for Economic Freedom founder Leonard Reed, pointed out: “not a single … More

    Deterring Economic Espionage

    The House is considering new legislation concerning economic espionage. While the private sector should play the key role in combating this, there is bipartisan support for policy measures—and with good reason. The U.S. relies on innovation. It has become more important in driving internal growth and, externally, America’s comparative advantage … More

    D.C. Taxi Commission Faces Backlash for Sting Operation on New Car Service

    A District of Columbia city council member is calling on the city’s taxicab commission to allow competition to its “mediocre and unreliable” taxi services in the wake of a sting operation aimed at shutting down an innovative car service that officials say violates a number of city laws. If current … More

    Ryanair CEO Michael O'Leary Roasts the EU ... at the EU

    Innovation and market disruption can be powerful forces for economic growth. But government involvement in the market tends to be a force against disruption, and hence a force against innovation. The drive to protect the dominant companies – often justified in the name of job preservation — prevents success for … More

    How Washington's Outdated Approach to Tech Acquisitions Threatens Jobs

    Silicon Valley is one of the few bright spots in the U.S. economy today, but a new report warns that Washington’s outdated regulation and antitrust policy threatens to stifle growth among innovative technology companies. The report, produced by the Progressive Policy Institute, analyzes the impact of acquisitions in the technology … More

    Educators Tell House Committee to Give Schools More Flexibility

    One-size-fits-all usually ends up meaning “one-size-fits-few.” And there is no exception when it comes to education. That was the message sent during a hearing held last week by the House Education and Workforce Committee: The federal government needs to step back and give states and schools more flexibility. During last … More

    Mr. President, Being Innovative Requires Greater Economic Freedom

    In his State of the Union address, President Obama used innovation as one of the key words in elaborating his vision for America’s economic future. He embraced the word quite often during his speech, mentioning “innovation” eight times. If other variations of the word, such as innovate and innovative, are … More

    Optimists 2, Malthusians 0

    In August 2005, The New York Times Magazine published an article titled “The Breaking Point” in which Council on Foreign Relations member Matthew Simmons predicted that oil, then about $65 a barrel, would more than triple in price by 2010. New York Times journalist John Tierney read the article, called … More

    A Response to the President Obama's Earth Day Message

    For Earth Day’s 40th anniversary, President Obama and the White House released a video praising Americans for our environmental awareness, and urging us to get personally involved with improving our local environments. The president’s message of individual responsibility is commendable but his message that we’ll spend and regulate our way … More