Editor’s note: This piece is penned by Dr. David Friedman, an American economist who will be the March 16 keynote speaker at the Northwood University Freedom Seminar. All societies face the coordination problem: In order to do anything complicated you have to somehow get millions of people to coordinate their activities. To make automobiles you need...
In 1979, Ed and Patsy Bruce’s song “Mamas Don’t Let Your Babies Grow Up to Be Cowboys” became a hit with the release of Waylon and Willie’s version. One interpretation of this song can be taken to promote modern careers and urge young Americans to move beyond the nostalgia of life on the frontier. It...
Wasn’t the Constitution written for a different time? Does that not require that we update it in accordance with our current needs? Should we sit idle while it protects hateful, racist, sexist, nationalist, and right-wing extremists? Do I have your undivided attention? Before you heap praises on democracy, consider that under it, any one of...
Acton University June 19 – 22 Grand Rapids, MI APPLICATION Acton University is not your typical conference. It’s a four-day exploration of theology, philosophy, entrepreneurship, international development, and market-based economics. Each day is packed with thought-provoking presentations on the intellectual and practical foundations of a free society. Bringing together leaders from all over the world...
The Forge Leadership Summit is a five-day intensive experience filled with dynamic trainings, professional development, and renowned speakers. Accepted students represent talented conservative students and young professionals, ages 18-25, from across America wanting to engage in politics, culture, and business. Watch more about the Summit here. Apply at forgeleadership.org/apply. The Summits are more than just...
Socialism is often associated with humanity and equality. On the other hand, we present capitalism as fueling greed and injustice. How baseless this claim is, is best shown by the example of Germany. In a period of 28 years, one country and its capital was divided, ruled by two governments, and organized with two completely...
Most of us use the words “freedom” and “liberty” as synonyms, though the freedom to send their child to whatever school they think best” probably sounds better than “Parents should have the liberty to…” However, when we start to think about that particular statement, differences between the two words become apparent. To be free usually...
The United States Declaration of Independence was not yet six months old when George Washington and his Continental Army found themselves crossing the Delaware River from Pennsylvania to New Jersey in late December to do battle against British and Hessian German soldiers at what became known as the Battle of Trenton. In fact, Washington and...
The United States and most of the rest of the world are, once again, in the midst of an inflationary crisis. Prices in general are rising at annualized rates not experienced by, especially, the industrialized countries of North America and Europe for well over 40 years. More than 50 percent of the U.S. population is...
The United States Declaration of Independence was not yet six months old when George Washington and his Continental Army found themselves crossing the Delaware River from Pennsylvania to New Jersey in late December to do battle against British and Hessian German soldiers at what became known as the Battle of Trenton. In fact, Washington and...
I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more...
All Northwood students are invited to submit an essay on the following topic: Censorship, Fake News and Viewpoint Discrimination: What is the role of the government versus market forces in enabling free and responsible speech? Currently enrolled Northwood University undergraduate students and Northwood University DeVos School Graduate School students are eligible to participate in the...
Introduction Recent polls from Fox News, The New York Times, and others indicate the November mid-term elections will turn on two major issues: inflation and the economy, and crime rates. These polls seem to show Republicans with a better than even chance of taking both the House and Senate as the majority of Americans blame...
Dr. Timothy G. Nash, vice president, emeritus; director of The McNair Center for the Advancement of Free Enterprise and Entrepreneurship; and the McNair Endowed Chair in Free Market Economics at Northwood University, has an interesting piece about inflation published on Townhall. You can read it here.