Commentary There are two very different ways to help the poor. One is beloved of the left, but doesn’t work. The other is favored by the right and is effective alright, but it’s rarely defended on this ground. Let me explain. The left liberals want to help the poverty-stricken directly. They want to throw money…
The Marvel of the Invisible Hand
Commentary Adam Smith’s “invisible hand” is certainly the most wondrous, astounding, and marvelous concept in all of economics, and there are quite a few doozies in the dismal science. I go further than that. The invisible hand ranks as high or higher, in terms of pure beauty, than even the smile of a baby, the…
A Simple Truth We Should Never Forget
Commentary One of the wisest, most far-seeing, and most perceptive observations about our society was made decades ago by Dr. Jonas Salk, who developed the hugely successful polio vaccine. A few days before his passing in 1995, Dr. Salk was speaking with Herb Meyer, the top assistant to Herb Casey, President Ronald Reagan’s first Director…
Appreciating Black Free-Enterprisers
Commentary White advocates of laissez-faire capitalism are a dime a dozen. Diminishing marginal utility is what makes black supporters of economic liberty, private property rights, and the profit and loss system far more important. This is true of anything: The more there is of something, the less precious is one more unit of it, whatever…
GOP Trustbusters Are Embracing Progressives’ Agenda
April 21, 2021
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Commentary It’s not too often that Republicans embrace the agenda of leftist Sens. Bernie Sanders and Elizabeth Warren. But it’s happening. Sen. Josh Hawley, the young Republican senator from Missouri, has introduced a bill in Congress entitled: “Trustbusting for the Twenty-First Century Act.” It may be the most dangerous bill to our economy from a…
Our Mixed Economy Is a Mixed Blessing
Commentary A century ago, by stealth and circumstance, socialism crept into Canadian society. It has since become entrenched, part of our ethos, for we’re proud of our mixed economy, our medicare, our bailouts, our social safety net, and our Crown corporations. Yet they come at a cost. Big government, the nanny state, the welfare state—call…
The Four F’s and Four G’s: How Western Social and Moral Life Has Been Radically Altered
Commentary Countries that undergo a peaceful regime change from free and open to closed and less free, usually do so by accepting the gradual substitution of one set of values for another. They abandon what I call the four F’s and begin accepting the four G’s as their new belief system. The Four F’s are:…
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