By Param Vir Singh Language was the original technological revolution. Between 200,000 and 300,000 years ago, early humans in Africa developed the cognitive and syntactic capabilities to structure thoughts into meaningful expressions. This innovation not only transformed communication but also laid the groundwork for mathematics, music, and technological progress. Today, artificial intelligence (AI) presents a...
Illegal immigrants are President Donald Trump’s favorite scapegoat for America’s problems. So, it is no surprise that he blames them for the housing shortage. More surprising, perhaps, is the recent report from J.P. Morgan that offers a similar explanation. “It is estimated that there are 11.2 million undocumented immigrants in the U.S., and that number...
As we mark five years since the onset of the COVID-19 pandemic, many headlines trumpet the resilience of the US economy: unemployment is low, GDP has returned to growth, and markets have rebounded. But beneath the surface-level indicators lies a more complicated and sobering picture. A close examination of key economic metrics reveals that in...
At Northwood University, we believe in more than just education — we believe in cultivating the principles of free enterprise that drive global economic and social progress. Our students don’t just learn about entrepreneurship, innovation, and liberty — they live it. Now, you have an opportunity to support this mission in a way that is...
Northwood University invites alumni, faculty, staff, donors, and supporters of free enterprise to come together for the 2025 Day of Giving on March 24. This special day is an opportunity for individuals who value individual freedom, earned success, and the importance of business to unite in support of Northwood’s enduring mission. “The generosity of our...
In celebration of Northwood University’s Founders Day, a new lesson has been posted in the complimentary online course, “Philosophy of Free Enterprise.” In the lesson — Free Trade or Perfectionism? — Dr. Dale Matcheck, the David E. Fry Endowed Professor in Free Market Economics at Northwood University, nimbly illustrates the impact of trade on our...
Michigan lawmakers raised money from business taxes over the past two years only to hand it over to a few businesses. That’s not how state government is supposed to work. Taxes are supposed to fund the government. One of those taxes, the corporate income tax, raises $1.6 billion annually. Over the past two years, however,...
In his book, Socialism, Ludwig von Mises warns about the threat posed by socialism to peaceful co-existence and to Western civilization. He highlights the “disastrous wars and revolutions, heinous mass murders and frightful catastrophes” that have been caused by socialist policies, a warning that was also sounded by Friedrich von Hayek in The Road to...
What, exactly, has DOGE found so far in its investigation of Social Security? For the most part we don’t know. But Elon Musk has posted several jaw-dropping items on X that were not what they seemed at first. Contrary to the programming assumption made by DOGE investigators, for example, the Social Security Administration does not...
In St. John’s Episcopal Church in Richmond, Virginia, delegates from around the colony gathered to discuss matters that would rile Britain’s distant King and set Virginia on a path to rebellion. It was March 23, 1775. One man, a homeschooled and self-taught lawyer who became a prominent planter and a member of the colony’s House...
By Dr. Timothy G. Nash, Jim Hop, Dr. Thomas Rastin, and Anthony Storer An objective and bipartisan review of key economic data is needed to understand the results of the fall 2024 U.S. presidential election. Below, we evaluate 13 key indicators impacting the U.S. economy and their role in the re-election of President Donald Trump....
The eyes of the world are focused on the White House where President Donald Trump’s return is a harbinger of very significant and consequential changes in America’s international trade policies. The President of the United States demanded major economic and political concessions from China, Mexico, Canada, and the European Union which, if not satisfied promptly,...
Last year, we celebrated 50 years of Friedrich Hayek’s Nobel Memorial Prize in Economic Sciences. We also marked 80 years since the great Austrian economist published his global bestseller, The Road to Serfdom. The book came out during the rise of Clement Atlee in the United Kingdom and of Juan Peron in Argentina. Just as...
Amid the ongoing revival of trade protectionism on the political right, a number of commentators associated with the “National Conservative” movement have attempted to enlist the founding fathers to the cause of tariffs. According to this narrative, America’s founders — led by Alexander Hamilton — charted a political course of economic nationalism to escape a...