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October 10, 2007
Consider Michigan.
Michigan has been mired for several years in an economic slump. Its unemployment rate is the highest in the nation, 60 percent above the national average. Forbes magazine has ranked Michigan 46th in the Best States…
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September 5, 2007
The difficulties in the subprime lending market are beginning to generate a chorus for a bailout of the mortgage industry. The media emphasize stories of people losing their homes to foreclosure and potential panic as adjustable-rate mortgages…
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May 2, 2007
The stock market is reflecting the strength of the American economy. The Dow broke 13,000 on April 25 for good reason.
Corporate earnings are strong, the economy is growing, tax revenues are up and the federal budget deficit is shrinking…
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March 7, 2007
Recent data on the number of people receiving assistance from the federal government has created some stir and discussion as to whether welfare reform in the U.S. has been successful. Federal Reserve Chairman Ben Bernanke has warned that a…
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January 29, 2007
"The Power of Choice: The Life and Ideas of Milton Friedman" is scheduled to air on PBS Monday, Jan. 29, 2007 at 10 p.m. ET. For local listings click here.
“The Power of Choice,” a documentary on the life and ideas of Milton Friedman, is an…
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January 24, 2007
President Bush announced in his State of the Union address that Americans should reduce gasoline usage by 20 percent over the next 10 years. But how will this be achieved?
With or without government
In 1931 Harold Hotelling published a…
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December 4, 2008
Friedrich Hayek wrote of the importance of what he called the rule of law over the rule of man. His point was that in order to be free to act according to our own plans we must know what the rules of the game are, for what reason they are…
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October 8, 2008
Ludwig von Mises in a classic 1927 book, Liberalism, wrote that government intervention in markets would lead inevitably to unintended consequences that resulted in further government intervention.
The current financial difficulties are…
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August 27, 2008
Often we see headlines about inflation and hear financial analysts commenting on it. “Good Morning America’s” Chris Cuomo warned on August 21 that “America is waking up to nationwide sticker shock, an unexpected spike in inflation now at a 17-…
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July 16, 2008
Politicians and pundits are crying about the economy, from oil prices to housing and the U.S. dollar. But they rarely pause to consider how we arrived at our situation, as they call for more government help and often for the Federal Reserve to…
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