Economics

President Obama’s rebuke to business owners, “You didn’t build that,” has justly entered the pantheon of great political gaffes. His point seemed to be that because there are antecedent conditions for any business — roads, laws, banking rules, an oxygen-rich atmosphere — entrepreneurs shouldn’t claim credit for creating successful businesses. Nonsense. Great entrepreneurs transform existing conditions to create something surprising and Read More ›

America’s wealth is not an inventory of goods; it is an organic entity, a fragile pulsing fabric of ideas, expectations, loyalties, moral commitments, visions. To vivisect it for redistribution is to kill it. As President Mitterand’s French technocrats discovered in the 1980s, and President Obama’s quixotic ecocrats are discovering today, government managers of complex systems of wealth soon find they Read More ›

The campaign against Chick-fil-A may be a more ominous attack on religious freedom than the Affordable Care Act’s mandates. ObamaCare would force millions of Americans to fund actions they find morally reprehensible but leaves them free to denounce it. The chicken inquisition, by contrast, directly targets religious speech itself. Chick-fil-A President Dan Cathy recently dared to describe his views on Read More ›

In the twentieth century battle between communism and capitalism, capitalism won. Except for preachers of the misguided “prosperity gospel,” however, many of us still worry about capitalism. Some of the problems result from the word itself, which can conjure up images of greedy and cackling moneychangers. Some of our qualms stem from our everyday experience of greedy bosses and the Read More ›

This article, published by Human Events, quotes from President Ronald Reagan when he mentions Discovery Institute Senior Fellow George Gilder. The rest of the article can be found here.  

This article, published by the Berkshire Eagle, quotes Discovery Institute Senior Fellow George Gilder: Capitalism is not about greed. “The moral core of capitalism,” said Gilder “is the essential altruism of enterprise.” Entrepreneurs are motivated to create value for others. Only then do they receive value in exchange-but the sacrifice comes first, before any return can possibly be realized. Furthermore, Read More ›

This article, published by the American Spectator, quotes Discovery Institute Senior Fellow George Gilder: Neither Kemp nor Gilder, of course, could foresee the election of Reagan and what was to come. But without doubt both men knew their country well, and Gilder’s words as cited back in 1979 are worth recalling this Fourth of July in 2012 in the Age Read More ›

Many books have been written on conservative politics. Many more have been written calling Christians to holiness and spiritual revival. Few, however, have managed to combine a clear explanation of the conservative political perspective with its corresponding personal and spiritual virtue. In INDIVISIBLE, James Robison, the founder and president of LIFE Outreach International, partners with Jay Richards, Ph.D., a writer Read More ›

Your editorial “Obama’s Debt Boom” (June 6) states that it will be around 2025 when Social Security, health-care entitlements and interest on the national debt would absorb the entire tax-revenue base—leaving the building of roads, basic research and the defense budget to be deficit financed. You also point out that between 2022 and 2025 the federal debt requiring interest service Read More ›