Economics

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 ›

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 ›

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 ›

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 ›

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 ›

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 ›