Economics

Center on Wealth & Poverty

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Photo by monkeysz_uncle at Wikimedia Commons: https://upload.wikimedia.org/wikipedia/commons/9/9e/Romney_Ryan_waving.jpg

George Gilder: The Real Reagan Lesson for Romney-Ryan

How can Messrs. Romney and Ryan escape the Stockman fate? By grasping the Peter Drucker wisdom: Don't Solve Problems. When you solve problems, you end up feeding your failures, starving your strengths, and achieving costly mediocrity. You become a Stockman. Instead of solving problems, pursue opportunities. Read More ›

Romney’s Bain Experience Shows He’s A Can-Do Leader

Contrary to the advice of some campaign advisers, Mitt Romney should showcase his background and work at Bain Capital. In telling the Bain story, he can connect with average people and explain how his private-equity experience is really the story of American renewal and helping Main Street businesses achieve success, expand and create jobs. Voters need to understand the experience Read More ›

Debt-Driven Crisis Looms Ever Closer

A year ago, Congressman Paul Ryan spoke out about Standard & Poor’s having fired a shot across America’s bow, downgrading its coveted AAA rating to a AA-plus. S&P’s rationale for the rating cut was that Congress’ Budget Control Act “fell short of the amount . . . necessary to stabilize the general government debt burden by the middle of the Read More ›

Wealth and Poverty: A New Edition for the Twenty-First Century

Hailed as “the guide to capitalism,” the New York Times bestseller Wealth and Poverty by George F. Gilder is one of the most famous economic books of all time and has sold more than one million copies since its first release. In this influential classic, Gilder explains and makes the case for supply-side economics, proves the moral superiority of free-market Read More ›

Scott Powell: Year after debt downgrade, U.S. in worse shape

A year ago this month, Standard and Poor’s fired a shot across America’s bow, downgrading the nation’s coveted AAA rating to a AA-plus. S&P’s rationale for the cut was that Congress’s Budget Control Act “fell short of the amount … necessary to stabilize the general government debt burden by the middle of the decade.” For several weeks, media pundits and Read More ›

‘I, Pencil’ To ‘I, Smartphone’: Working Together For Good

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 ›

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Conceptual Brain Light Bulb on Cosmic Background - Symbol of Ideas and Innovation
Image Credit: FILIP ROCH - Adobe Stock

Unleash the Mind

Capitalism is the supreme expression of human creativity and freedom, an economy of mind overcoming the constraints of material power. It is not simply a practical success, a “worst of all systems except for the rest of them." It is dynamic, a force that pushes human enterprise down spirals of declining costs and greater abundance. Read More ›

Richards and Robison: The Chicken Inquisition

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 ›

The 8 Biggest Myths About Wealth, Poverty, and Free Enterprise

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 ›