As always, governments want citizens to believe that private enterprises have some kind of power over them. But the reality is just the contrary: it is the operator who is at the mercy of the customer. ... Read the full post ... Read more

In a speech at Columbia University yesterday Czech President Vaclav Klaus offered advice to US policy makers.  From Reuters: "I am therefore convinced that fighting for freedom and free markets, something we always appreciated here in this country (the United States), remains the task ... Read more

I’ll be the first to say that we need more transparency in the information we receive.  Inarguably, the quantity of the media we take in on a daily basis is severely overshadowing the quality .  In that light, I’m very careful to lend any credence to snippets seen on TV or through ... Read more

In his blog for US News, James Pethokoukis suggests that it is time for free market fans to organize: [T]his the inaugural post of The Schumpeter Club. Joseph Schumpeter was the noted Austrian economist who analyzed the critical role of innovation in generating long-term economic ... Rea ... Read more