Your Free-Market Connector

Welfare Outside of the State

Welfare Outside of the State

An oft cited reason given for the need for the state is that it is the only means through which the poor can access sufficient welfare to relieve them from the harsh realities that can accompany their circumstances. Yet despite the promises made over many decades and the huge sums spent on state welfare programs,...

By Rowan ParchiI

Stop the Hollywood handouts

Stop the Hollywood handouts

“We’re not even in the game,” Michigan State Senator Dayna Polehanki said recently, lamenting that few Hollywood studios are filming movies in her state, which eliminated its film production subsidies in 2015. The senator could learn something from classic movies. As the 1983 nerd-thriller WarGames noted, sometimes the only winning move is not to play....

What Causes Stagflation?

What Causes Stagflation?

In the late 1960s Edmund Phelps and Milton Friedman challenged the popular view that there can be a sustainable trade-off between inflation and unemployment. In fact, over time, according to PF, loose central bank policies set the platform for lower economic growth and a higher rate of inflation, or stagflation. PF’s Explanation of Stagflation Starting...

By Frank Shostak

Our Kids Have No Economic Immune Systems

Our Kids Have No Economic Immune Systems

The sanitation or “hygiene hypothesis” holds that humans need environmental adversity for our immune systems to mature and function normally. The “Old Friends” corollary holds that a variety of “helminths” — tiny parasitic worms, whose eggs have been found in human feces for the past five thousand years, at least — temper and absorb the...

By Michael Munger

There is a disconnect between economic development programs and economic growth

There is a disconnect between economic development programs and economic growth

Michigan lawmakers have approved $4.4 billion in selective business subsidies so far this term and have proposed billions more. The subsidies are billed as economic development programs. Who doesn’t want more economic development? Yet, people should notice that it’s all a show. Economic development programs are not required to develop the economy. The federal government...

By James M. Hohman

We Can Praise Milei’s Policies without Praising the Man

We Can Praise Milei’s Policies without Praising the Man

When it comes to political battles and controversies there is, unfortunately, a deeply-seated human tendency to emotionally attach one’s self to political leaders and candidates, rather than to principles or policies. This tendency is especially foundational to modern democratic politics in which voters are encouraged to embrace candidates on an emotional level. Once this occurs,...

By Ryan McMaken

The Story of the Ritz Cracker Is the Story of Capitalism

The Story of the Ritz Cracker Is the Story of Capitalism

When you last visited the supermarket, you likely walked past a box you’ve seen many times before. The Ritz Cracker has been a staple on American store shelves for 90 years, yet today the snack is often looked down upon; its mass-produced, corporate, and carb-heavy nature has fallen out of favor in an era preferring...

By Joseph (Jake) Klein

Northwood students earn Stossel in the Classroom contest honors

Northwood students earn Stossel in the Classroom contest honors

Two Northwood University students excelled in this year’s Stossel in the Classroom essay and video contests. “This is a remarkable achievement for Northwood University students,” explained Northwood Economics Professor Alex Tokarev. “This honor reflects their dedication, creativity, and deep understanding of economic principles. This recognition celebrates their hard work and underscores the exceptional education they...

By Kate Hessling

How America Can Solve Our Debt Problem

How America Can Solve Our Debt Problem

The current United States debt is quickly approaching $35 trillion. Do you have a job? Are you a taxpayer? Congratulations – you already owe more than a quarter of a million dollars. By the time you retire, that figure may be twice as high. In the past, the largest increases in government spending came during...

By William Bismack

Students evaluate replacing dollar with digital currency

Students evaluate replacing dollar with digital currency

By Noel Tokarev, Konner Lauria and John Michelotti During the 2024 Politics, Philosophy, and Economics League Competition at Ottawa University in Kansas, we were asked to evaluate a proposal to replace the paper dollar (and our coins) with a digital currency. It was part of a competition where contestants had to approach their evaluations from...

By Alexander Noel Tokarev

Dr. Brooks’ Prescription for Happiness is a Breath of FRESH AIR!

Dr. Brooks’ Prescription for Happiness is a Breath of FRESH AIR!

Among the individual rights found in the American Declaration of Independence is “the pursuit of happiness.” This isn’t just a rhetorical flourish — it implies that happiness requires effort and that it can be elusive. But Dr. Arthur C. Brooks believes that it doesn’t have to be. Drawing on sources ranging from ancient wisdom to...

By Dr. Dale Matcheck

For-Profit Hospitals Act Generously, New Evidence Shows. Here’s Why

For-Profit Hospitals Act Generously, New Evidence Shows. Here’s Why

One of the major critiques of free markets is that certain industries, like healthcare, are “too important” to be left to the self-interested forces of the market. Critics of a free market in healthcare argue that for-profit healthcare businesses will tend to ignore patients who have higher costs unless those patients are willing to pay...

By Peter Jacobsen

Fossil fuel closures will hollow out the grid

Fossil fuel closures will hollow out the grid

Utilities and state governments are pushing full steam ahead with decarbonization plans that will lead to costlier energy and power blackouts. The nation’s electricity grid operators, regulators, and reliability watchdogs alike testify that closing fossil fuel and nuclear electricity generation poses an imminent threat to the reliability of the power grid. “The problem is the...

By Joshua Antonini

Why True Free-Market Advocates Oppose Antitrust Laws

Why True Free-Market Advocates Oppose Antitrust Laws

A May 2, 2024, headline from the New York Times reads: “The first tech monopoly trial of the modern internet era is concluding. The judge’s ruling is likely to set a precedent for other attempts to rein in the tech giants that hold sway over information, social interaction, and commerce.” The focal point of this...

By Ninos P. Malek