After 47 years of Superman movies, James Gunn’s 2025 film offers a poignant take on the values Superman has always embodied: truth, justice, and the American Way. Through his origin story as an alien adopted and raised in Kansas, Superman symbolizes the hope and idealism that define the American Dream: that through hard work and...
erhaps the greatest example that good policymaking intentions go awry is the minimum wage. Proponents of increasing the minimum wage argue that doing so will help the poor. If we could snap our fingers and make the poor suddenly rich, there would be no reason to object. Unfortunately, in a world of scarce resources, this...
Industrial researchers are sounding the alarm as thousands of AI companies are being eliminated in the wake of the first wave of AI fever sparked by OpenAI. At the same time, however, prominent tech leaders and Silicon Valley CEOs such as Jensen Huang continue to promote the narrative of China’s technological leadership in AI. While...
While the Big Beautiful budget bill recently enacted into law has a multiplicity of good, bad, and benign features, the law’s biggest and most beautiful feature is the continuation of the soon-to-expire 2017 income tax reduction enacted in Donald Trump’s first term. Although much of the American press has characterized this as a big gift...
Boeing is struggling. The most recent round of bad news to hit the manufacturer came when, after Boeing’s project to build the next Air Force One was delayed again, this time until 2029, President Trump announced he would instead accept a jet gifted from the Qatari royal family. While the legality of that move has...
In India, government jobs pay far more than equivalent jobs in the private sector—so much so that the entire labor market and educational system have become grossly distorted by rent-seeking to obtain these jobs. Teachers in the public sector, for example, are paid at least five times more than in the private sector. It’s not...
Critics often scoff at the market economists’ claim that competition fosters relentless innovation. A recent meme points to the ubiquity of chicken sandwiches across major fast food chains as supposed evidence of stagnation in capitalism. If twelve top firms offer a similar product, the argument goes, how innovative can an economic system truly be? But...
Socialism,” said the British free speech campaigner Lord Young, “Always begins with a universal vision for the brotherhood of man and ends with people having to eat their own pets.” While exaggerated, the point stands — socialism never delivers what it promises. Yet now, the world capital of capitalism is flirting with that catastrophe. The...
Three of us were fortunate to have studied together at Northwood University under some of the most iconic professors of our time, including Dr. V. Orval Watts, Dr. David E. Fry, Mr. Jeffrey Bennett, Dr. Robert Serum and Dr. Dale M. Haywood. It was in Dr. Haywood’s business strategy class that we were first introduced...
In the tradition of classical liberalism, success — whether in business or in governance — should ultimately be judged by how well it serves the individual, not by how efficiently it props up institutions or satisfies bureaucratic metrics. A small but telling episode from my own life illustrates how far we’ve drifted from that principle....
Adam Smith recognized the importance of the “make or buy” decision. It is the maxim of every prudent master of a family, never to attempt to make at home what it will cost him more to make than to buy…What is prudence in the conduct of every private family, can scarce be folly in that...
When the disciplines of economics and sociology were being invented in Britain 250 years ago, their progenitors such as Adam Smith, David Hume, Adam Ferguson, and others were preoccupied with how vibrant commercial activity and human behavior were related. Economic dynamism was not only about economic growth, money, and the division of labour, though it...
The latest data indicates half of the new jobs the U.S. added in June were government jobs. It’s the weakest month for private-sector jobs in nine months. Additionally, unemployment claims last month reached the highest levels since 2018 (ex covid). There’s another indicator of how stagnant this job market is: the number of hires. In...
Regulations by government agencies may often be well-intended. A few may even be essential for maintaining safety standards, environmental quality, and reducing fraud. But the rapid growth of the administrative state interferes with our liberties and hampers our economy. Even estimating the cost of complying with extensive regulations is no easy task. A 2023 report...