When Free to Choose is the signature publication of Northwood University. It is dedicated to promoting the global, diverse and multi-cultural nature of enterprise. Bringing lessons of the American free enterprise society directly to your inbox or mailbox, When Free to Choose features informative essays about timely issues and events, and thought-provoking point-counterpoint essays written by industry experts, faculty, scholars and researchers.
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...
Americans are praying for tens of thousands of families who lost relatives and homes in the devastating fires in Los Angeles. Governor Newsom and Mayor Bass face criticism for prioritizing the well-being of fish over people, for misguided environmentalist policies that effectively turned the local forests into a tinderbox, and for diverting state and local...
At first glance, what appears to be just another natural disaster, upon closer look, reveals a widespread state policy failure driven by a flat-earth theory of economic policy. In recent years, the state of California has waged a war against insurance companies. The California Department of Insurance (CDI) has closely regulated insurance premiums, requiring approval...
The U.S. Constitution does not charge the federal government with any duties related to the production or consumption of food. Therefore, the Department of Government Efficiency (DOGE) should propose, Congress should vote for, and President Trump should sign a bill that eliminates agencies like the USDA and programs such as farm subsidies. Public opinion and...
In the wake of the COVID-19 pandemic and a long period of deindustrialization, the landscape of American trade policy is changing radically. This shift is reflected in declining support for free trade, particularly with China, across the political spectrum. This fall, the Northwood University Freedom Seminar featured a panel that explored free trade, fair trade,...
People can be strong advocates of freedom in the abstract, an ideal in concept. But do people really want freedom and responsibility in practice? Chapter 36 of my book, “The Adventures of Jonathan Gullible,” refers to the works of Fyodor Dostoevsky in “The Brothers Karamozov.” Dostoevsky conjures a character, the Grand Inquisitor of Spain, who...
In a world of change, the fundamental principles of The Northwood Idea are timeless. Under any circumstances, personal freedom and individual responsibility are essential for a free society. So it is illustrative to examine some of the most compelling expressions of The Northwood Idea that great thinkers have contributed through the years. We call them...
Have you ever wondered why society expects us to behave in certain ways? For instance, why is it seen as proper for a young person to hold the door for the elderly, help those in need, or honor their parents? Why is it deemed unacceptable to lie, steal, cut in line, or commit marital infidelity?...
The first federal minimum wage bill was signed into law during Franklin D. Roosevelt’s second term as U.S. President. The Great Depression gave Washington a pretext to enact sweeping economic restrictions. So, by 1938, Congress had made it illegal for employees to charge less than 25 cents per hour for their labor services. Today’s inflation-adjusted...
China’s ‘Reign of Little Emperors’ is a significant era in the country’s history, caused by the implementation of the controversial one-child policy and its profound socio-economic repercussions. The policy was officially enforced into the law in 1980 until it was gradually changed in 2016 and 2021. The policy was used as a tool to address...
Congress has repeatedly demonstrated it is not constrained by the debt ceiling (which is the total amount of debt the federal government can legally borrow). Every time the federal debt approaches the limit, Congress raises it. Ergo the debt ceiling does not meaningfully prevent the government from borrowing and spending more money than it has. ...
Markets big or small are made up of decision makers. When a market is characterized as a free market, that means it meets a certain criterion, including limited government intervention and the voluntary and peaceful exchange of private property rights. I recently read a piece by Dr. Walter E. Williams, a modern American economist, entitled...