2025 Freedom Seminar to Explore Road to Serfdom and Path to Freedom
2025 Freedom Seminar to Explore Road to Serfdom and Path to Freedom
The 2025 Northwood University Freedom Seminar will survey the two alternative paths that humanity tried over the past century: the road to serfdom and the road to freedom. The first was examined by the Austrian economist F. A. Hayek, who chose it as a title to a book that exposed the economic bankruptcy, political dangers,...
By Dr. Dale Matcheck, Dr. Alex Tokarev
Channeling Hayek’s Words of Wisdom
Channeling Hayek’s Words of Wisdom
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...
By Dr. Alex Tokarev
Raising the Minimum Wage: Winners and Losers
Raising the Minimum Wage: Winners and Losers
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...
By Dr. Alex Tokarev
Money Builds Civilizations; But in the Wrong Hands, It’s Dangerous
Money Builds Civilizations; But in the Wrong Hands, It’s Dangerous
Money was the tool that built our civilization. But, in the hands of the government, it can become a weapon of mass destruction. Let’s start with a simple explanation of how money greases the wheels of the economy: Step 1: Tom has $1 in the bank. Dick knits a scarf. Harry borrows $1 to buy...
By Dr. Alex Tokarev