The Path to Freedom

A Thanksgiving Lesson

November 23, 2010 | by | Topic: The Path to Freedom

Every fall in my Econ 101 course, during the last class period before we part for Thanksgiving, I share a lesson from early American history. It is particularly timely, because it deals with those we credit with the first American … More>

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Dead Man Walking: Dealing with Deflation

November 19, 2010 | by | Topic: The Path to Freedom

Editor’s Note: A version of this article first appeared in American Thinker.

To Federal Reserve Chairman Ben Bernanke, deflation is regarded as Public Enemy Number One.

In the words of New York Times columnist and Nobel Prize-winning economist Paul … More>

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Financial Waterboarding

November 15, 2010 | by | Topic: The Path to Freedom

Written by the administrative director of The Center for Vision & Values for WORLD Magazine.

Read the article.… More>

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What’s Next? Buckle Up

November 8, 2010 | by | Topic: The Path to Freedom

Guest Commentary

The Republican Party, with the help of the Tea Party, swept the House of Representatives with a massive pickup of at least 60 seats. The Federal Reserve made another historic announcement with its $600-billion “Quantitative Easing” program (QE2). … More>

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Mission Impossible: Rescuing the Dollar

November 8, 2010 | by | Topic: The Path to Freedom

Written by the administrative director of The Center for Vision & Values for WORLD Magazine.

Read the article.… More>

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Tough Times Ahead: Gridlock and Quantitative Easing Are Not Enough

November 4, 2010 | by | Topic: The Path to Freedom

Now that the elections are over, attention is turning to the economy.

The stock market rose steadily from the end of August up to the elections. Since the stock market tends to be forward-looking, its recent strong and steady rise … More>

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The Great Corrective

November 3, 2010 | by | Topic: The American Story, The Path to Freedom

On November 4, 2008, something incredible happened, something that will never again allow me to predict or trust the American electorate, regardless of the great corrective that happened this Tuesday, November 2, 2010.

For one, the American voter decisively elected … More>

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Controlling the Fed

November 1, 2010 | by | Topic: The Path to Freedom

Written by the administrative director of The Center for Vision & Values for WORLD Magazine.

Read the article.… More>

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Dangerous Election-Year Demagoguery on Trade

October 27, 2010 | by | Topic: The Path to Freedom

As is customary in the days leading up to an election, the campaign rhetoric is getting heated. Here in western Pennsylvania, Democrats have gained points in the polls by adopting an aggressively protectionist ad campaign. Democratic candidates for the House … More>

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How the Progressives Will Win

October 22, 2010 | by | Topic: The Path to Freedom

Karl Marx once commented that voters’ choices in a democracy constituted little more than deciding which bourgeois party would oppress them the most. The old misanthrope’s views on such matters are usually worth ignoring, but he had a point with … More>

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STREAMING VIDEO — Executive Director Lectures on His Latest Book Release at the Heritage Foundation

October 22, 2010 | by | Topic: Streaming Video, The Path to Freedom

To read a description of this book event and view a streaming video of the Heritage Foundation lecture, please click on the link below:

“Dupes: How America’s Adversaries Have Manipulated Progressives for a Century” More>

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STREAMING VIDEO — National Press Club Lecture on “Dupes and Why Communism Still Matters”

October 21, 2010 | by | Topic: Streaming Video, The Path to Freedom

To view a streaming video of this National Press Club lecture in Washington, D.C., please click on the links below:

“Dupes and Why Communism Still Matters” (Part 1)

“Dupes and Why Communism Still Matters” (Part 2)

“Dupes and Why Communism More>

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Breakdown

October 20, 2010 | by | Topic: The Path to Freedom

You’ve probably seen the headlines about major banks suspending foreclosure proceedings to reclaim houses from borrowers who have defaulted on their mortgages. This has the potential to be hugely disruptive—a milestone development comparable to the failure of Lehman Brothers in … More>

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Follow the Stem Cell Money

October 18, 2010 | by | Topic: The Path to Freedom

Written by the administrative director of The Center for Vision & Values for WORLD Magazine.

Read the article.… More>

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“I Want Your Money”

October 15, 2010 | by | Topic: The Path to Freedom

Today, October 15, the dynamite documentary, “I Want Your Money,” opens at theaters nationwide. The release of this film so close to the midterm elections on November 2 is no coincidence. “IWYM” is a cry of the heart from its … More>

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No Such Thing as a Free Lunch—or Free Healthcare

October 13, 2010 | by | Topic: The Path to Freedom

A few days ago, I received an email from the daughter of our congresswoman—a mass email, of course. She explained that because of healthcare reform, which her mother supported, she no longer had to pay a $25 copayment for each … More>

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A Tea Party American Cheat Sheet

October 8, 2010 | by | Topic: The Path to Freedom, The Persuaders

The Tea Party Movement, otherwise known as the Great Peasant Revolt of 2010, has been greeted by the country’s ruling class with all the sympathy that Voltaire expressed toward the Catholic Church: “Kill the infamous thing!”

Although the American Revolution … More>

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V&V PAPER — Voluntary Exchanges and the Free Market

October 4, 2010 | by | Topic: The Path to Freedom, White Papers

Editor’s Note: “On the broadest level, Dr. Ritenour and I are both interested in the relationship between social conditions and human action. We are both advocates of free markets, believing that they contribute more to human thriving than other arrangements. More>

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Reflections on the GOP Pledge

September 29, 2010 | by | Topic: The Path to Freedom

Last week, 13 Republicans released a “Pledge to America.” What is most surprising to me is its length. At 21 pages, it was many times the length of the GOP’s hugely successful 1994 “Contract with America.” Why ditch a winning … More>

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Money and Freedom

September 27, 2010 | by | Topic: The Path to Freedom

Written by the administrative director of The Center for Vision & Values for WORLD Magazine.

Read the article.… More>

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AUDIO — “Between the Covers” — Paul Kengor on DUPES

September 21, 2010 | by | Topic: Streaming Audio, The Path to Freedom

On September 21, the Executive Director of The Center for Vision & Values at Grove City College, Dr. Paul Kengor, discussed his most recent book—“Dupes: How America’s Adversaries Have Manipulated Progressives for a Century”—on “Between the Covers,” with … More>

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A Dose of “Capitalism and Freedom”

September 15, 2010 | by | Topic: The Path to Freedom

It has been almost 50 years since Milton Friedman, Nobel economist, released his classic, Capitalism and Freedom. The book has slowly slipped from my course syllabus, not to mention that of the political elite. And why not? What Friedman said … More>

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Where Have You Gone, Ludwig von Mises? Considering Mises: “The Last Knight of Liberalism”

September 13, 2010 | by | Topic: The DNA of Greatness, The Path to Freedom

Washington’s stunning economic power grabs—healthcare centralization, Keynesian fiscal stimulus, and Federal Reserve bailouts—are creating an unintended consequence: an increasing demand for freedom literature. Exhibit A would have to be F.A. Hayek’s 66-year-old Road to Serfdom’s recently hitting number one for … More>

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The Public Employee Union Scam

September 8, 2010 | by | Topic: The Path to Freedom

Guest Commentary

Editor’s note: This article first appeared through the Mackinac Center for Public Policy, a research and educational institute headquartered in Midland, Mich. Permission to reprint in whole or in part is hereby granted, provided that the author and More>

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35 Years Ago: When Ford Snubbed Solzhenitsyn

September 7, 2010 | by | Topic: The Global Challenge, The Path to Freedom

Editor’s note: A lengthier version of this article first appeared in The American Spectator.

It was 35 years ago that the conservative movement found itself in a defining moral struggle not with the liberal Left but with the establishment … More>

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Celebrating Economic Warfare

September 6, 2010 | by | Topic: The Path to Freedom

Written by the administrative director of The Center for Vision & Values for WORLD Magazine.

Read the article.… More>

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The Creator Principle

August 30, 2010 | by | Topic: The Path to Freedom

Written by the administrative director of The Center for Vision & Values for WORLD Magazine.

Read the article.… More>

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Taxing Transportation

August 27, 2010 | by | Topic: The Path to Freedom

Not long ago, Pennsylvania Governor Ed Rendell toured the state to highlight its crisis in transportation funding. He called on the General Assembly to resolve the crisis this year. In May, the State Transportation Advisory Committee estimated that the state … More>

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Understanding “Austerity”

August 20, 2010 | by | Topic: The Path to Freedom

Editor’s Note: A longer version of this article first appeared in American Thinker.

A couple of years ago, the terms “too big to fail” and “bailout” were the trendy buzzwords. Currently, the “in” word seems to be “austerity.” On both … More>

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The Federal Reserve’s Historic Announcement

August 18, 2010 | by | Topic: The Path to Freedom

Guest Commentary

Mark it down. At 2:15 p.m. on Tuesday, August 10, 2010, the U.S. Federal Reserve made a historic announcement. It signaled that the central bank was going to “preserve the size of its balance sheet.” The announcement didn’t … More>

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Rethinking the Corporate Income Tax

August 9, 2010 | by | Topic: The Path to Freedom

It is hard to find anything positive to say about the corporate income (i.e., profits) tax. Economists across the ideological spectrum agree that the corporate profits tax is woefully inefficient:

1) It warps corporate decision making, inducing expenditures made only … More>

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The Twinkie Diet

August 9, 2010 | by | Topic: The Path to Freedom

Imagine your favorite NFL team entering summer camp following an off-season training regimen of no exercise and a diet of unlimited Big Macs, Twinkies, and Coke. Sound outrageous’ Such a thing would be unheard of in the competitive NFL, but … More>

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Global Warming—The Big Picture: A Review of Brian Sussman’s “Climategate”

August 6, 2010 | by | Topic: The Path to Freedom

“Climategate: A Veteran Meteorologist Exposes the Global Warming Scam” By Brian Sussman | WND Books (April 22, 2010) | 240 pp. | List Price: $25.95

Climategate
is thorough, knowledgeable, timely, and very well written. I have been reading about global … More>

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Geithner Versus the Bush Tax Cuts

July 30, 2010 | by | Topic: The Path to Freedom

I’m now convinced that the Obama administration is placing its political agenda above policies that would contribute to the economic recovery that millions of Americans so desperately need. That agenda includes bringing more economic activity under government control, making more … More>

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Government Stimulus: Out of Sight, Out of Mind

July 28, 2010 | by | Topic: The Path to Freedom

The President’s Council of Economic Advisers (CEA) has released its most recent quarterly report on the effects of President Obama’s stimulus plan. Not surprisingly, the CEA praises this monumental Keynesian scheme, crediting the stimulus for saving or creating 3.6 million … More>

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More Lessons from History: How Obamanomics May Play Out

July 23, 2010 | by | Topic: The Path to Freedom

The grand lesson of the 20th century is that Big Government retards economic progress. The evidence of this lesson goes beyond the socialist countries and their dramatic economic failures.… More>

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Three Neglected Economic Lessons from American History

July 15, 2010 | by | Topic: The Path to Freedom

In most, if not all, states, pupils must pass a course in American history to receive a high-school diploma. Unfortunately, when it comes to our country’s economic history, most students are poorly taught, perhaps wrongly taught. Mythology and error prevail … More>

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The Blood of the Tea Party

July 13, 2010 | by | Topic: The Path to Freedom

I’ve never participated in a Tea Party rally. My natural habitat is a classroom or behind a keyboard. That said, I’ve had a lot of contact with Tea Party people, and, of course, I hear the angry charges from those … More>

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Economic Information Worth Knowing

June 29, 2010 | by | Topic: The Path to Freedom

It’s easy to be overwhelmed by the bewildering array of economic data, statistics, charts, and graphs floating around. Often, we economists can’t see the forest for the trees. It’s hard to figure out what is truly significant and what is … More>

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Exchange-Rate Mythology and Weak-Dollar Nonsense

June 25, 2010 | by | Topic: The Path to Freedom

If you read the financial press or listen to what politicians say, you have probably heard many times how important it is for the Chinese renminbi (yuan) to strengthen against the dollar. Indeed, it sometimes sounds as though a weaker … More>

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The Meaning of Progress

June 22, 2010 | by | Topic: The Path to Freedom

EDITOR’S NOTE: The Center for Vision & Values presented a seminar in April, 2010, on the development and influence of Progressivism, focusing especially on the Radical Progressivism of Obama and his friends. The root of the term progressive is, More>

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Reservations About a Balanced Budget Amendment

June 14, 2010 | by | Topic: The Path to Freedom

Calling for a balanced budget amendment has been a staple campaign issue for conservative Republicans for years. Undeniably, our nation is beset by fearful fiscal woes. However, a balanced budget amendment isn’t the answer.… More>

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America Needs Union Competition

June 3, 2010 | by | Topic: The Path to Freedom

I agree with President Obama that we need more labor unions. However, I disagree with his approach.
Full disclosure: I have been a dues-payer to both the United Auto Workers and the National Education Association unions. My sympathies are heavily … More>

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Reflections on the Deepwater Horizon Disaster

May 26, 2010 | by | Topic: The Path to Freedom

The explosion that sank British Petroleum’s Deepwater Horizon oil-drilling vessel/platform in the Gulf of Mexico in April was an unmitigated disaster. The accident killed 11 workers and has caused massive environmental damage, the full extent of which may not become … More>

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Social Justice, the Needy, and the Wealthy

May 20, 2010 | by | Topic: The Path to Freedom

Recently, The Center for Vision & Values at Grove City College has tackled the issue of “social justice,” with articles by Gary Smith, J. D. Wyneken, Mark Hendrickson, and Shawn Ritenour. I strongly encourage readers to forward these articles to … More>

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The Great Greek Bailout: Debt-Ridden America Chips In

May 17, 2010 | by | Topic: The Path to Freedom

The sovereign debt crisis—centered on Greece for the moment, but bound to spread to other heavily indebted national governments—has taken an ominous turn.

The European Central Bank (ECB), the Federal Reserve, and the International Monetary Fund unveiled a trillion-dollar bailout … More>

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Good Cop, Bad Cop: Bipartisan Failure to Control Spending

May 12, 2010 | by | Topic: The Path to Freedom

Economic error knows no partisan bounds. Republican Herbert Hoover and Democrat Franklin Roosevelt both adopted foolish, harmful policies during the Great Depression. Republican George W. Bush’s stimulus plan made no sense, and neither did Democrat Barack Obama’s.… More>

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When Regimes Reach Insanity

May 6, 2010 | by | Topic: The Path to Freedom

On August 25, 1914, in a spate of disorder, shots rang out from the Belgian town of Louvain, instigating its German occupiers to launch a frenzy of looting and destruction. Crazed soldiers butchered civilians, ransacked buildings, and finally burned the … More>

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Financial Intrigue in Greece: Should We Care?

May 3, 2010 | by | Topic: The Path to Freedom

The intertwined worlds of government and finance are swirling with drama not seen since the fall of Lehman Brothers in 2008. The epicenter of the current crisis is Greece. The Aegean nation’s sovereign debt has been downgraded to “junk” status … More>

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A Manifesto on the “Manifesto”

April 30, 2010 | by | Topic: The Path to Freedom

I knew the time would come. America’s public schools and ideologically monolithic universities have spawned a generation woefully uninformed in the most elementary facts about free markets, socialism, and communism. Personally, after teaching this material for years, I’m getting an … More>

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Sen. Dodd’s Financial Reform Bill: The Problem of Leverage

April 28, 2010 | by | Topic: The Path to Freedom

Trying to keep up with all the changes in U.S. Sen. Chris Dodd’s (D-Conn.) financial reform bill has been a daunting task. Two weeks ago, it was described in the press as “the 1100-page bill.” Last week, it became “the … More>

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Rendell and Marcellus Shale—Taxing the “Golden Goose”

April 26, 2010 | by | Topic: The Path to Freedom

Imagine that you are governor of the state of Pennsylvania, and private enterprisers discover a new, clean source of fuel within the state’s borders, a source which would help reduce the costs of energy, provide jobs for companies and workers, yield additional tax revenues … More>

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The Great American Debt “Roll”

April 19, 2010 | by | Topic: The Path to Freedom

Financial markets function to discount the future. Usually, by the time you read about something in the newspaper, financial market pricing has already “discounted” that event weeks, months, or perhaps even years before it hits the front page and becomes … More>

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VAT Talk No Surprise: The Progressive Source Behind VAT

April 15, 2010 | by | Topic: The Path to Freedom

Editor’s note: This is one of many articles from The Center for Vision & Values dealing with the topic of our two-day conference on “The Progressives,”which kicked off today on the campus of Grove City College.

As soon as … More>

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The VAT-Man Cometh?

April 12, 2010 | by | Topic: The Path to Freedom

Editor’s note: This is one of many articles from The Center for Vision & Values dealing with the topic of our April 15-16 conference on “The Progressives.”Click here for information.

Recently, progressives have made noise about introducing a value-added … More>

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Buchenwald and the Totalitarian Century

April 8, 2010 | by | Topic: The Path to Freedom

Editor’s note: A longer version of this article first appeared at The American Spectator.

This spring 2010 marks some sordid anniversaries: 65 years since the discovery of the Nazi concentration camps that facilitated the slaughter of six million Jews … More>

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God Gets His Healthcare Bill

March 22, 2010 | by | Topic: The Path to Freedom

The most frustrating thing I’ve dealt with in professional life was eight years of outrageous, baseless charges against President George W. Bush on matters of faith. Even when Bush was simply asked about his faith, and responded with utterly benign … More>

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V&V Q&A: God, Socialism, and the Free Market

March 17, 2010 | by | Topic: The Path to Freedom, Vision & Values Concise E-publications

Editor’s Note: The “V&V Q&A” is an e-publication from The Center for Vision & Values at Grove City College. This latest edition of “V&V Q&A” is an intriguing look at the biblical basis for the free-market economy, dispelling the More>

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Grampa Bunning’s Fight for His Kids

March 8, 2010 | by | Topic: The Path to Freedom

Seventy-eight-year-old Jim Bunning has nine children and 40 grandchildren. Last week, Daily Kos, a progressive blog, made the Hall of Fame pitcher and U.S. senator a poster boy for the “The Party of Mean” because he asked Congress to pay … More>

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The Governing Elite vs. the Rest of Us

March 5, 2010 | by | Topic: The Path to Freedom

The truly revolutionary American idea of government as the servant of the people may be fading away. Many of today’s so-called “civil servants” are a protected, privileged class. While Middle America struggles through a difficult recession, a lot of government … More>

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The Student Loan Problem

February 24, 2010 | by | Topic: The Path to Freedom

You may have seen the recent story about the 41-year-old doctor who graduated from medical school in 2003 with student-loan indebtedness of $250,000 that has since swelled to more than $555,000. She is now scheduled to pay $990 per month … More>

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CPAC and Glenn Beck

February 22, 2010 | by | Topic: The Path to Freedom, The Persuaders

This year’s Conservative Political Action Conference was unique. The Tea Party movement burst forth in August 2009 and the tension that this leaderless juggernaut generates among establishment conservatives was palpable at the nation’s largest annual gathering of grassroots conservatives and … More>

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V&V Q&A: Outrageous Public Debt

February 16, 2010 | by | Topic: The Path to Freedom, Vision & Values Concise E-publications

Editor’s Note: The “V&V Q&A” is an e-publication from The Center for Vision & Values at Grove City College. In this latest Q&A, Dr. Paul Kengor, executive director of the Center, interviews Dr. Guido Hülsmann, chairman of the economics department More>

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“Econoclasts:” A Book Review

February 11, 2010 | by | Topic: The Path to Freedom

“Econoclasts: The Rebels Who Sparked the Supply-Side Revolution and Restored American Prosperity” By Brian Domitrovic | ISI Books (August 2009) | 368 pp. | List Price: $27.95

Brian Domitrovic, assistant professor of history at Sam Houston State University, has written … More>

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The Relevance of Scott Brown

January 28, 2010 | by | Topic: The Path to Freedom

Republicans have greeted Scott Brown’s victory in Massachusetts with the sort of relief expressed by Winston Churchill when he learned that Pearl Harbor had prompted America to finally enter the war; for the first time in years, he “slept the … More>

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A Moment of Illumination

January 19, 2010 | by | Topic: The Path to Freedom

We’ve all had those sudden epiphanies where the proverbial light bulb clicks on and understanding comes into clear focus. I had one of those moments over the Christmas holiday season. In this case, the light bulb experience was literal as … More>

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Pennsylvania’s Green Eco-Slumber

January 15, 2010 | by | Topic: The Path to Freedom

As a poster child for liberal energy policies throughout the country, Pennsylvania’s Governor Ed Rendell has issued the edict to grow the state’s energy resources greener. Huge sums of taxpayer-supplied subsidy and stimulus have been funneled into the greening of … More>

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Obama’s Anti-jobs Policy

January 13, 2010 | by | Topic: The Path to Freedom

High and/or rising unemployment is always a political liability for a president, and so Barack Obama has taken the offensive in trying to persuade the American people that his team can get Americans back to work.

In November, Obama took … More>

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Climategate, Copenhagen and Cap & Trade

January 4, 2010 | by | Topic: The Global Challenge, The Path to Freedom

2009 ended with a flurry of important events on the climate-change front.

In November, the Climategate scandal broke. An anonymous whistle-blower released over 1,000 e-mails from key scientists (both British and American) in the alarmist climate-change camp. The e-mails revealed … More>

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Where is Your Treasure?

December 28, 2009 | by | Topic: The Path to Freedom

The sticker on the front page of Saturday’s Sarasota Herald-Tribune screamed “BERNIE MADOFF AUCTION, SUNDAY DECEMBER 27, THE RITZ-CARLTON, SARASOTA, FL.” The fine print clarified that it wasn’t the convicted Ponzi scheme operator’s property that was being sold off, but … More>

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Combating Recessions: The Search for the Right Macroeconomic Policy

December 22, 2009 | by | Topic: The Path to Freedom

What should governments do to combat recessions’ In the United States, before the Great Depression of the 1930s, the answer was “very little.” Of course, the federal government was much smaller then compared to the size of the private sector, … More>

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Jawboning the Bankers

December 21, 2009 | by | Topic: The Path to Freedom

When presidents want to persuade an opponent they often resort to verbal intimidation or “jawboning.” President Obama recently jawboned American bankers hoping they would start lending money to small and medium-sized businesses. He may slay his own political reputation if … More>

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Jefferson’s Warnings About Money and Banks

December 17, 2009 | by | Topic: The Path to Freedom

In 1962, President John F. Kennedy hosted a dinner for 49 Nobel laureates. The occasion provided the opportunity for JFK to display his keen wit in the memorable quote, “I think this is the most extraordinary collection of talent, of … More>

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Government Intervention and High Prices

December 7, 2009 | by | Topic: The Path to Freedom

What kind of prices do you prefer to pay when you go shopping—high or low? Unless you’re trying to show off for someone by spending a bundle, I’d bet that you prefer low prices. I’ve never met anybody who decided … More>

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Our Moral Hazard

December 7, 2009 | by | Topic: The Path to Freedom

During confirmation hearings last Thursday, members of the U.S. Senate grilled Federal Reserve chairman Ben Bernanke. Although senators criticized Bernanke for his policy decisions, they missed an opportunity to shine light on the ethics of the Federal Reserve’s core function—money … More>

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Finally, an Honest Con Game

December 1, 2009 | by | Topic: The Path to Freedom

“This is not funny, this is serious stuff!” intones a flock of furrow-browed politicos about that well-dressed couple who conned their way into a White House shindig. Yes and no, in that order, because some of us think this incident … More>

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Psyching Out the Stock Market

November 11, 2009 | by | Topic: The Path to Freedom

It is usually the stock market that psyches us out, not the other way around.

There’s something about stocks that turns us upside down. For example, normally when something goes on sale, we tend to buy more of it; yet, … More>

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Capitalist Excess? A Review of Michael Moore’s “Capitalism”

November 11, 2009 | by | Topic: The Path to Freedom

Love him or hate him, or his films, there’s no question about where Michael Moore stands ideologically: Left-wing, “progressive,” populist, socialist. In some ways Moore’s newest film, “Capitalism: A Love Story,” muddies the water. But in the end, all it … More>

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V&V Q&A: Dr. Charles Hull Wolfe, a 20th Century Life

October 21, 2009 | by | Topic: General, The Path to Freedom, Vision & Values Concise E-publications

Editor’s Note: The “V&V Q&A” is an e-publication from The Center for Vision & Values at Grove City College. Each issue will present an interview with an intriguing thinker or opinion-maker that we hope will prove illuminating to readers everywhere. More>

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Gold, Geopolitics, and the Carry Trade

October 19, 2009 | by | Topic: The Global Challenge, The Path to Freedom

The price of gold has recently spurted to a new all-time high in terms of U.S. dollars. I’m neither an expert nor a market timer, but let me offer a few perspectives on this event.

To most people, including gold … More>

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American Identity Crisis

October 19, 2009 | by | Topic: The Path to Freedom

“A uniquely American solution to covering the uninsured may, at long last, be within reach,”said Karen Ignagni, president of the insurance company association America’s Health Insurance Plans (AHIP), last April. When Ignagni addressed the matter again last week, … More>

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Honduras and the United States: What’s Wrong With This Picture?

October 12, 2009 | by | Topic: The Path to Freedom

As this is being written, Manuel Zelaya, the ousted and exiled ex-president of Honduras, is holed up in the Brazilian embassy in Tegucigalpa, the Honduran capital, having been smuggled there on Sept. 21. His followers acted like the anti-capitalist protesters … More>

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Ludwig von Mises: Economist for the Ages

October 7, 2009 | by | Topic: The DNA of Greatness, The Path to Freedom

It seems that when an economy goes bad, the temptation for intellectuals to go and do likewise is too much for them to resist. Public thinkers across the spectrum, from Paul Krugman to Richard Posner, are now calling for a … More>

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The Dollar at the Precipice

October 2, 2009 | by | Topic: The Path to Freedom

If you’ve seen the movie “Thelma and Louise,” you’ll never forget the ending: In the last scene, the two main characters head down a dirt road in their top-down convertible. The road dead-ends at a very high cliff. The last … More>

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Truth and Politics

September 18, 2009 | by | Topic: The Path to Freedom

Many of us are cynical about promises made by politicians. “Campaign promises are made to be broken” is a venerable truism of American politics. There are “truth-in-advertising” laws against misrepresentation by private businesses, but no such protections apply to political … More>

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Credit Cards and Predictable Unintended Consequences

August 24, 2009 | by | Topic: The Path to Freedom

Imagine being a contractor and regularly using your credit card to purchase building materials for your job. Without warning you receive a notice that effective immediately your credit limit has been cut in half. You face potential embarrassment with your … More>

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A Trillion Here, a Trillion There

August 17, 2009 | by | Topic: The Path to Freedom

About 50 years ago, Sen. Everett Dirksen (R-IL) uttered his famous quip, “A billion here, a billion there, and pretty soon you’re talking about real money.”

Today, we’re talking about a trillion here, a trillion there—a thousand-fold increase in the … More>

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“Healthcare Reform” America Can’t Afford

August 7, 2009 | by | Topic: The Path to Freedom

The healthcare reform bill pending in Congress is called “America’s Affordable Health Choices Act.” It is supposed to provide “affordable, quality health care for all Americans and reduce the growth in health care spending.” Unfortunately, rather than reducing the growth … More>

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Happy Birthday, President Obama!

August 4, 2009 | by | Topic: The American Story, The Path to Freedom

Editor’s note: This article first appeared at WORLDmag.com. Reprinted with permission of WORLDmag.com. To read more news and views from a Christian perspective, call 800-951-6397 or visit www.WORLDmag.com.

Let’s all wish our youthful president a happy birthday. Barack Obama turns … More>

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Desperate States and Decaying Federalism

July 31, 2009 | by | Topic: The Path to Freedom

In the past, I have written about poor governance at the city and national levels (“Detroit: A Glimpse into America’s Future?,” “We’re Broke,” “Into the Fiscal Abyss,” “The End Game,” et al.). But, of course, the “government disease” … More>

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The Minimum Wage: Keeping Prosperity Around the Corner

July 28, 2009 | by | Topic: The Path to Freedom

The last thing we need in the midst of our current recession is what happened last Friday: the third increase in the minimum wage in only two years.

Contemporary labor markets throughout the country are not a pretty picture. Last … More>

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The Next Great Depression, Updated

July 24, 2009 | by | Topic: The Path to Freedom

“There is nothing inevitable about another depression. We have a simple choice: We can repeat the errors of the past or we can avoid them.”

Those were my words, Feb. 8, 2008. It’s time for a “depression watch” update.… More>

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Detroit: The Triumph of Progressive Public Policy

July 22, 2009 | by | Topic: The Path to Freedom

Guest Commentary

Editor’s note: This article first appeared through the Mackinac Center for Public Policy, a research and educational institute headquartered in Midland, Mich. Permission to reprint in whole or in part is hereby granted, provided that the author and More>

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The Nuts and Bolts of Cap and Trade

July 16, 2009 | by | Topic: The Path to Freedom

The purpose of cap and trade (C&T) legislation is to reduce Americans’ consumption of fossil fuels—coal, oil, and natural gas—and to speed up the transition to alternate forms of energy, such as wind and solar power. The “cap” part would … More>

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Kind of Like Star Wars all Over Again

July 7, 2009 | by | Topic: The Path to Freedom

Editor’s note: This article first appeared at WORLDmag.com. Reprinted with permission of WORLDmag.com. To read more news and views from a Christian perspective, call 800-951-6397 or visit www.WORLDmag.com.

Remember SDI? There’s a good chance you don’t because as soon as … More>

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No Laughing Matter

June 26, 2009 | by | Topic: The Path to Freedom

Who won the Cold War? That’s a no-brainer. The United States prevailed while the Soviet Union collapsed, and the People’s Republic of China dumped Marxism; capitalism (free markets and private property) triumphed over socialism (centrally planned markets and state-owned property); … More>

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Detroit: A Glimpse into America’s Future?

June 16, 2009 | by | Topic: The Path to Freedom

Wouldn’t it be wonderful if, like Ebenezer Scrooge, we could have a preview of the future so that we could change our course if necessary? This can happen in real life. Such a dispensation was granted to me 35 years … More>

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Team Obama’s Auto Coup

June 15, 2009 | by | Topic: The Path to Freedom

In assessing Team Obama’s semi-nationalization of the auto industry, a slight alteration of the famous verse by Elizabeth Barrett Browning encapsulates my reaction: “How do I [not] love thee? Let me count the ways.”

1) The government takeover is unconstitutional.… More>

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Buy American, but Exclude Farrell, Pa.

June 1, 2009 | by | Topic: The Path to Freedom

Editor’s note: This article first appeared at WORLDmag.com. Reprinted with permission of WORLDmag.com. To read more news and views from a Christian perspective, call               800-951-6397 or visit www.WORLDmag.com.

“Buy American” legislation preserves American jobs. Or does it? Buy American legislation … More>

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Meet John Podesta: Architect and Salesman for the New Progressivism

May 26, 2009 | by | Topic: The Path to Freedom

Editor’s Note: Be sure to mark your calendar for April 15-16, 2010, when The Center for Vision & Values hosts its sixth annual conference on “The Progressive Surge and Conservative Crackup.”

John Podesta is a 60-year-old son of Italian/Greek immigrants, … More>

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Economic Strangulation: The Environmentalist / Democrat War Against Energy

May 15, 2009 | by | Topic: The Path to Freedom

The “greens” must be thrilled with the new Obama/Pelosi/Reid (OPR) troika in charge of the federal government. Three times already, the troika has blocked the development of domestic oil resources.

During his first week in office, President Obama rescinded his … More>

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The Riskiest Merger

May 7, 2009 | by | Topic: The Path to Freedom

Guest Commentary

Bumpy though the last decade has been, most Americans have continued to trust in the basic institutions that undergird the nation’s economy. Until now.

Recent polling reveals a public toying with doubts about American-style capitalism yet equally suspicious … More>

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AmeriCorps and the Ivy Leaguer

May 1, 2009 | by | Topic: The Path to Freedom

Thousands of students graduating from college are turning to AmeriCorps for employment. One such graduate, an Ivy Leaguer from Dallas, is heading to Pittsburgh Steelers country to work as a food project coordinator. She says, “I want to give back, … More>

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Checkmate?

April 29, 2009 | by | Topic: The Path to Freedom

Some people I know react with incredulity when they hear television commentators remark on President Barack Obama’s brilliance. “How can he say that?” they expostulate. “He doesn’t understand basic economics, and he relies on a teleprompter even during news conferences. … More>

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FDR: Then and Today (A review of Burton Folsom’s “New Deal or Raw Deal”)

April 24, 2009 | by | Topic: The American Story, The Path to Freedom

Economic historian Burton Folsom’s “New Deal or Raw Deal?” is a truly important book. Thoroughly researched, well organized and fluently written, this reader-friendly study of President Franklin Roosevelt’s New Deal is “the real deal”—a fascinating, illuminating study of the politics … More>

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Economic Stimulus 101: Reaganomics vs. Obamanomics

April 7, 2009 | by | Topic: The Path to Freedom

President Obama says the economy is the worst since the Great Depression. Actually, it is the worst since the Reagan recession of 1982-83. Further, the 2009 market crash is not the worst since 1929 but since 1987—also on Ronald Reagan’s … More>

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Two Americas?

April 3, 2009 | by | Topic: The Path to Freedom

One of the favorite refrains of the class-warfare left has long been to lament what it perceives as a division in America between economic haves and have-nots. From the standpoint of egalitarian, socialistic philosophy, the fact that some Americans prosper … More>

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Obama, Looking More Like Nixon than FDR

April 1, 2009 | by | Topic: The Path to Freedom

The Bush administration subjected us to a deluge of fiscal and monetary expansion, the likes of which we haven’t seen since the 1960s. The federal budget ballooned 112 percent from $1.86 trillion in 2001 to a projected $3.94 trillion in … More>

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In Praise of Capitalist Exploitation

March 27, 2009 | by | Topic: The Path to Freedom

For well over a century, socialists, progressives, and even many Christians have railed against the capitalist exploitation of workers. They denounce capitalists—whether the Carnegies and Fricks of yesteryear or the Nikes of today—for paying low wages for hard work.

Their … More>

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Communicating Obama’s Fiscal Disaster

March 23, 2009 | by | Topic: The Path to Freedom

Newsflash, March 20, 2009: The Congressional Budget Office today forecast a U.S. budget deficit of $1.8 trillion for this year.

For many Americans, including some Democrats, there’s tremendous frustration over President Obama’s economic policies. Worse, they know that a huge … More>

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Anger at AIG

March 19, 2009 | by | Topic: The Path to Freedom

A raw nerve was struck this week. Reports that employees of the insurance giant AIG—the recipient of four federal bailouts totaling more than $170 billion—were now receiving $165 million in bonuses, caused an explosion of public anger, even bloodthirsty rage. … More>

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The Ghost of John Maynard Keynes

March 13, 2009 | by | Topic: The Path to Freedom

The British economist John Maynard Keynes (1883-1946) turns out to have been something of a prophet. He once wrote that “practical men,” as opposed to theoreticians, “are usually the slaves of some defunct economist.” Ironically, the defunct economist who is … More>

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Into the Fiscal Abyss

March 6, 2009 | by | Topic: The Path to Freedom

The U.S. Treasury recently released its “2008 Financial Report of the United States Government.” In case you had any doubts, our government’s finances are in a terrible mess. According to the report, under generally accepted accounting principles (the ones that … More>

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Three Books for the Current Crisis

March 2, 2009 | by | Topic: The Path to Freedom

When my friend Paul Kengor, the executive director of The Center for Vision & Values here at Grove City College, asked me what three books I would recommend to students if they wanted to broaden their economic education, my answer … More>

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Breakfast in America

February 12, 2009 | by | Topic: The Path to Freedom

My wife and I tag-team to get our four kids ready for school in the morning. She manages the lunch-packing process and I make a hot breakfast. Rarely does a lively morning pass that I don’t gaze upon my children … More>

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Team Obama: Ready to Rock ‘n’ Roll

February 10, 2009 | by | Topic: The Path to Freedom, The Persuaders

Ready for some political and economic rock and roll? It’s happening. In 2008, Americans were rocked by the beginnings of a deflationary credit collapse and Uncle Sam’s extraordinary bailout/nationalization agenda. In 2009, Americans will be rolled. If you think 2008 … More>

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Freedom Works: Speaker Pelosi’s Teachable Moment

February 4, 2009 | by | Topic: The Path to Freedom

Speaker of the House Nancy Pelosi (D-CA) recently provided a stark illustration of the fundamentally divergent worldviews of big-government liberalism and free-market conservatism. She told ABC’s George Stephanopoulus of the intention of her and House Democrats to include hundreds of … More>

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Love That Economic Pain!

February 3, 2009 | by | Topic: The Path to Freedom

What would you think if you heard a prominent physician being interviewed and the topic of discussion was the breakout of a serious epidemic, and then the physician started enthusing about how great this plague would be for his business? … More>

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V&V Q&A: On Economic Depressions—Then and Now?

January 31, 2009 | by | Topic: The Path to Freedom, Vision & Values Concise E-publications

Editor’s Note: The “V&V Q&A” is an e-publication from The Center for Vision & Values at Grove City College. Each issue will present an interview with an intriguing thinker or opinion-maker that we hope will prove illuminating to readers everywhere. More>

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V&V Q&A: On Fed Distortions and Bailouts

January 30, 2009 | by | Topic: The Path to Freedom, Vision & Values Concise E-publications

Editor’s Note: The “V&V Q&A” is an e-publication from The Center for Vision & Values at Grove City College. Each issue will present an interview with an intriguing thinker or opinion-maker that we hope will prove illuminating to readers everywhere. More>

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V&V Q&A: On Booms, Busts, and America

January 29, 2009 | by | Topic: The Path to Freedom, Vision & Values Concise E-publications

Editor’s Note: The “V&V Q&A” is an e-publication from The Center for Vision & Values at Grove City College. Each issue will present an interview with an intriguing thinker or opinion-maker that we hope will prove illuminating to readers everywhere. More>

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Obama’s $1 Trillion Gamble

January 13, 2009 | by | Topic: The Path to Freedom

President-elect Obama is considering an economic stimulus package that will include increases in government spending and tax cuts of approximately one trillion dollars. Many fear a prolonged depression resulting from a sharp reduction in consumer spending.

After saving very little … More>

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“Fed” Up? Money Lessons for the New Year

January 5, 2009 | by | Topic: The Path to Freedom

Could 2009 be the year the United States of America starts to go subprime? Just as subprime mortgages wrecked the economy in 2008, 2009 might be the year we begin to see problems associated with the debt that funds our … More>

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Lessons from the Oil Market

December 29, 2008 | by | Topic: The Path to Freedom

The longer I study economic phenomena, the more I learn two truths. The first truth is how little I know. This is very humbling. There is just too much information out there for any one human being to process. The … More>

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Dancing with Fred or Frankenstein: Free Markets, Socialism, and the Bailout

December 8, 2008 | by | Topic: The Path to Freedom

Washington’s $700 billion bailout plan is making a lot of people unhappy. The Troubled Asset Relief Program (TARP), as the implementation of the Emergency Economic Stabilization Act of 2008 has come to be known, seems to be morphing unpredictably.

Originally, … More>

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The Big Three: Assigning Blame & an Alternative to a Bailout

November 25, 2008 | by | Topic: The Path to Freedom

I’ve already explained the problematical economics and ethics of a federal bailout for the Big Three (see “A Bailout for Detroit”). The demise of the pillar of metro Detroit’s economy saddens me—I’m from there; in fact, I was once … More>

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Hatred and Politics

October 23, 2008 | by | Topic: The Path to Freedom, The Persuaders

Politics in America is a contact sport. Passions flare and the rhetoric can get heated and nasty. Political parties stoke these fires, playing on people’s fears as a key fund-raising tactic.

Conservative authors have produced books with insulting titles like … More>

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We’re Broke

October 20, 2008 | by | Topic: The Path to Freedom

Global stock markets have been plummeting. Where the bottom is, nobody knows. There will be gut-wrenching zigs and hopeful zags along the way; they will be of larger magnitude and—in our digital age of instant response—will occur with greater rapidity … More>

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Spreading the Wealth: Obama, Joe, and the Democratic Socialists

October 16, 2008 | by | Topic: The Path to Freedom

By now, almost everybody knows “Joe the plumber.” Mentioned about 15 times in Wednesday’s presidential debate, Joe Wurzelbacher, a plumber from Toledo, questioned Barack Obama at an Ohio campaign stop earlier in the week. Joe wanted to know if Obama’s … More>

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Stop the Bailout!

September 30, 2008 | by | Topic: The Path to Freedom

When facing a major financial problem, it is not uncommon to face the temptation to do something foolish at best or something evil at worst. Our elected officials and un-elected monetary and financial authorities are on the brink of doing … More>

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Thoughts on “the Big Bailout”

September 30, 2008 | by | Topic: The Path to Freedom

The biggest bailout plan (so far) will continue to be revised in an attempt to win approval of a congressional majority. The goal of the Emergency Economic Stabilization Act of 2008 is to put the brakes on the unwinding of … More>

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Blaming the Free Market

September 24, 2008 | by | Topic: The Path to Freedom

It’s finger-pointing time, folks. Whose fault is the ongoing financial crack-up that has hurt, angered, and frightened so many people? There is plenty of blame to go around, and the American people deserve to know the culprits. Simple justice, though, … More>

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Economic Nonsense

September 22, 2008 | by | Topic: The Path to Freedom

It saddens me when I see a member of my profession go over to “the dark side,” that is, to politics. Politics replaces voluntary action with compulsion, private contract with coercion. Government intervention imposes distortions, inefficiencies, and extra costs on … More>

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A Tale of Two Narratives—and the Palin Paradigm

September 18, 2008 | by | Topic: The Path to Freedom, The Persuaders

Reactions to Governor Palin’s selection as Senator McCain’s running mate ranged from laughter to incredulity and then from alarm to panic. Indeed, editorials on the danger she poses to Senator Obama’s once inevitable coronation in November now radiate furrowed brows … More>

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Another One Bites the Dust

September 16, 2008 | by | Topic: The Path to Freedom

September 15, 2008. Lehman Brothers, the giant Wall Street firm, declares bankruptcy. Merrill Lynch, the most famous stock brokerage company in the country, avoids the risk of eventually suffering a similar fate by being euthanized (i.e., bought and … More>

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A Bailout for Detroit

August 27, 2008 | by | Topic: The Path to Freedom

It was bound to happen. In this “Year of the bailout,” why shouldn’t Detroit get into the act? The financial community has maintained a death-watch over GM and Ford for months as they hemorrhage floods of red ink. Bankruptcy is … More>

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Thank You, Alexander Solzhenitsyn

August 7, 2008 | by | Topic: The Path to Freedom

News of the passing of Russian author Alexander Solzhenitsyn on August 3 brought me a flood of memories. Although I never met Mr. Solzhenitsyn, he had a profound effect on my life. He also had a great impact on the … More>

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Drill Now

July 25, 2008 | by | Topic: The Path to Freedom

High fuel prices have produced a tectonic shift in the United States’ political landscape. Recent polls indicate a strong surge of support for Uncle Sam lifting government restrictions against domestic drilling for oil. Blocking the development of domestic energy resources … More>

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Here We Go Again

July 21, 2008 | by | Topic: The Path to Freedom

Every year, Merriam-Webster, the dictionary company, holds a vote for “Word of the Year.” Don’t be surprised if 2008’s word is “bailout.” And if they start a “Phrase of the Year” category, how about “Too big to fail?” We heard … More>

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A Mid-year Economic Status Report

July 3, 2008 | by | Topic: The Path to Freedom

Economic growth in the United States is sluggish, and there are several reasons to be pessimistic about macroeconomic performance in the balance of 2008, if not beyond. The adjective “macroeconomic” is crucial. We should never forget that, even when major … More>

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America’s Debt Problem

June 25, 2008 | by | Topic: The Path to Freedom

Thrift used to be a virtue in America. In Asia, thrift remains a way of life—for example, it is estimated that the average Chinese family’s thrift rate is 30 to 40 percent—which helps explain the rapid growth rates there.

A … More>

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Rising Food Prices: Who is to Blame?

June 18, 2008 | by | Topic: The Path to Freedom

An Indian government official recently criticized the Bush administration for blaming the growing middle classes of developing countries, such as India and China, for rising food prices. Although he may have misinterpreted the president’s remarks, his and other Indian critics’ … More>

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Signs of Poor Governance: Is America Becoming One of the Worst?

June 6, 2008 | by | Topic: The Path to Freedom

A recent International Monetary Fund research report listed the countries expected to suffer the worst currency depreciation—that is, the worst inflation—this year. Zimbabwe (a mind-boggling 300,000 percent-plus), Venezuela (25.7 percent), Bolivia (15.1 percent), Nicaragua (13.8 percent), and Argentina (9.2 percent) … More>

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Big Oil vs. Big Congress: Another Witch Hunt

May 29, 2008 | by | Topic: The Path to Freedom

In what has become an annual ritual, the wizards of Congress are going after the leaders of Big Oil again. This is political theater at its most cynical. It’s the modern version of the Salem witch hunt. The rapid rise … More>

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The de facto Nationalization of JPMorgan Chase

April 7, 2008 | by | Topic: The Path to Freedom

March 2008 may go down as a major turning point in U.S. financial history. The Federal Reserve crossed a Rubicon of sorts, lending tens of billions of dollars, not to a commercial bank, as has been its historical practice, but … More>

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Flash Update: The Continuing Financial Crackup

March 17, 2008 | by | Topic: The Path to Freedom

Precarious. Ominous. Dismal. Woeful. Vulnerable. Perilous. These are just a few of the adjectives that describe the current condition of the United State’s financial markets. The crisis that I wrote about in this column last Dec. 27 has continued to … More>

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Obama’s Global Poverty Act

March 10, 2008 | by | Topic: The Path to Freedom

Senator Barack Obama, the eminently likable possible Democratic nominee for president, has sponsored a “Global Poverty Act” that would require the United States to increase foreign aid by approximately $65 billion per year. If the Senate passes this bill, it … More>

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VISION & VALUES CONCISE: Q&A with Dr. Andrew Markley

February 18, 2008 | by | Topic: The Path to Freedom, Vision & Values Concise E-publications

Editor’s Note: The “V&V Q&A” is an e-publication from the Center for Vision & Values at Grove City College. Each issue will present an interview with an intriguing thinker or opinion-maker that we hope will prove illuminating to readers everywhere.  More>

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V&V PAPER — The Limits of “Corporate Social Responsibility”

February 13, 2008 | by | Topic: The Path to Freedom, White Papers

Editor’s Note: “What role should companies play in modern society?” As Dr. Andrew W. Markley notes, “The issue has received increased attention in recent years due to several factors, including the process of economic globalization, government deregulation of economic activity, More>

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The Next Great Depression

February 8, 2008 | by | Topic: The Path to Freedom

No, I am not getting ready to join the ranks of those clever economists and financial prognosticators who periodically cop a book deal by peddling a hyped-up title that feeds our perverse appetite for scary scenarios—Financial Armageddon, Get Rich More>

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The “R” Word and an Economic Stimulus Plan

January 21, 2008 | by | Topic: The Path to Freedom

The dreaded “R” word—recession—is in on the tip of many tongues right now. Are we in a recession? Far be it from me to trespass on the sacred territory of the official keepers of economic data in Washington—those who officially … More>

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Good as Gold? What is the Price of Gold Telling Us?

January 14, 2008 | by | Topic: The Path to Freedom

Gold has opened 2008 with a bang. The price of the yellow metal has soared to all-time nominal highs, surpassing $900 per ounce. “So what?” you may ask. “Unless one works for a mining company or a jeweler, gold is … More>

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Anatomy of a Financial Crisis: Part I

December 27, 2007 | by | Topic: The Path to Freedom

The U.S. housing market is hurting, as you undoubtedly know. Home foreclosures are the highest since record-keeping began 35 years ago. 1.69 percent of all outstanding mortgage loans have entered the foreclosure process. The median price of an American house … More>

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Anatomy of a Financial Crisis: Part II

December 27, 2007 | by | Topic: The Path to Freedom

There are those who say that the housing market is just one segment of our overall economy and bad loans are just a fraction of the housing market, so there is nothing to worry about. This viewpoint is wrong, because … More>

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My Brother-in-Law, the Gas Hog

November 28, 2007 | by | Topic: The Path to Freedom

With the price of oil approaching $100 per barrel, my brother-in-law traded in a small SUV for a large SUV. What was he thinking?

My brother-in-law is a college professor. Perhaps he should study the solutions to the high price … More>

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Boss’s Day Irony

November 16, 2007 | by | Topic: The Path to Freedom

Did you remember to buy a present for your boss last month on Boss’s Day? The teachers of the Susquehanna Township School District in central Pennsylvania didn’t experience the embarrassment of forgetting the chief because two of their colleagues, who … More>

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VISION & VALUES CONCISE: Q&A with Thomas J. Usher (Part II)

October 22, 2007 | by | Topic: The Path to Freedom, Vision & Values Concise E-publications

Editor’s Note: The “V&V Q&A” is an e-publication from the Center for Vision & Values at Grove City Collge.  Each issue will present an interview with an intriguing thinker or opinion-maker that we hope will prove illuminating to readers everywhere. More>

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VISION & VALUES CONCISE: Q&A with Thomas J. Usher (Part I)

October 19, 2007 | by | Topic: The Path to Freedom, Vision & Values Concise E-publications

Editor’s Note: The “V&V Q&A” is an e-publication from the Center for Vision & Values at Grove City College. Each issue will present an interview with an intriguing thinker or opinion-maker that we hope will prove illuminating to readers everywhere. More>

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V&V PAPER — Improving the Business Climate of the State of Pennsylvania

October 15, 2007 | by | Topic: The Path to Freedom, White Papers

Editor’s Note: Reflecting the breadth and depth of top-notch scholarship being pursued by the faculty of Grove City College, The Center for Vision & Values is pleased to release the fifth in a series of exclusive monthly papers being offered More>

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The GM-UAW Settlement: Too Little Too Late?

October 5, 2007 | by | Topic: The Path to Freedom

Last week, the United Auto Workers union (UAW) called its first strike against General Motors (GM) in thirty-seven years. The strike was over in two days when negotiators approved a new contract between the two parties. The settlement avoids a … More>

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Free Trade: A Threat to America’s Future?

October 4, 2007 | by | Topic: The Path to Freedom

Protectionists claim that free trade is bad for America—that increasing imports of goods means increasing exports of jobs, thereby gutting our economy. This notion could only be valid in a zero-sum world with a fixed number of jobs, where one … More>

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Free Trade or Protectionism?

October 3, 2007 | by | Topic: The Path to Freedom

The case for free trade rests on a simple principle: people should be free to buy from whomever they choose, even if the supplier is a foreigner. The opponents of free trade believe that there are legitimate exceptions to this … More>

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Are Happy Days Here Again?

September 19, 2007 | by | Topic: The Path to Freedom

Ben Bernanke, chairman of the Federal Reserve, is a better historian of economic thought than monetary theorist. In reference to the current financial turmoil he is quoted as saying that classic central-banking theory instructs us that the Fed should accommodate … More>

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V&V PAPER — Paulo Freire: Education as Radical Political Transformation

September 13, 2007 | by | Topic: The Path to Freedom, White Papers

Editor’s Note: Reflecting the breadth and depth of top-notch scholarship being pursued by the faculty of Grove City College, the Center for Vision & Values is pleased to release the fourth in a series of exclusive monthly white papers being More>

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The Economic Crisis in Higher Education

July 27, 2007 | by | Topic: The Path to Freedom

Is a bachelor’s degree in English (or history or philosophy or political science or any other subject in the liberal arts) worth over $30,000 a year? As the sticker price asked by more and more private colleges crosses that threshold, … More>

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Hans F. Sennholz, R.I.P.

July 23, 2007 | by | Topic: The DNA of Greatness, The Path to Freedom

The Pastor of the Holy Trinity Lutheran Church in Grove City, James Seeley, who presided over the memorial service for Hans Sennholz on June 26, 2007 took note of his outstanding qualities. He was indeed a great teacher, having instructed … More>

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Exchange-Rate Politics: Playing with Fire

July 23, 2007 | by | Topic: The Path to Freedom

Democratic presidential candidates Hillary Clinton and Barack Obama have thrown their support behind proposed legislation that would impose anti-dumping duties—tariffs of around 27 percent—on Chinese imports if the Chinese currency doesn’t get stronger against the dollar. This proposal—advanced by a … More>

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Congress Versus the Price Gougers

July 12, 2007 | by | Topic: The Path to Freedom

It’s a dangerous world today. Remorseless men murder their wives and lovers. Terrorists want to bomb humankind back to the seventh century. And now, gas station owners with blood as cold as a reptile are conspiring to charge you outrageous … More>

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Corn-Based Ethanol: Your Tax Dollars at Work

July 6, 2007 | by | Topic: The Path to Freedom

In recent years, the price of gasoline has soared as the supply of crude oil has risen in response to unprecedented global demand. But never fear, Uncle Sam is here! Citing the need to decrease our country’s dependence on foreign … More>

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Rethinking the Property Tax

June 29, 2007 | by | Topic: The Path to Freedom

Property taxes in Pennsylvania appear locked into a long-term uptrend. In recent years, there have been huge increases in the portion of the property tax that finances county government. County officials have levied these increases to pay for the unfunded … More>

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The Unions of Tomorrow

June 26, 2007 | by | Topic: The Path to Freedom

During the second half of the twentieth century, union officials prospered mightily, while millions of rank-and-file union members saw their jobs vanish. Since union policy is set by the bosses, I am not optimistic for significant reforms, but since my … More>

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Money is Flooding the World Markets

May 31, 2007 | by | Topic: The Path to Freedom

Central banks live by a simple financial principle: Whenever economic activity stagnates or declines, they quickly lower their interest rates and expand their credits. But when business seems to improve, they hesitate and vacillate in removing the rate cuts. The … More>

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French Voters Choose Big Government Over Big Government

May 8, 2007 | by | Topic: The Path to Freedom

Guest Commentary

“I kept on going into factories, I kept on talking with workers to tell them that I want to be a president of the republic who will protect them, who will protect against outsourcing, that I will not … More>

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Casey Goes After the Oil Companies

May 7, 2007 | by | Topic: The Path to Freedom

It’s time to scrap last year’s carefully crafted campaign image of Robert Casey as a moderate. Barely three months after taking office, the junior U.S. senator from Pennsylvania is launching class warfare in the virulent anti-capitalist tradition. In reaction to … More>

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The Never-Ending Energy Conspiracy

April 17, 2007 | by | Topic: The Path to Freedom

Guest Commentary

The evil oil companies are at it again.  The price of a gallon of gas has jumped by more than 30 cents in the past month.  The gasoline gougers are busy reaping windfall profits.

It’s time for a … More>

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V&V PAPER — Globalization: An Assessment

March 28, 2007 | by | Topic: The Path to Freedom, White Papers

Editor’s Note: Reflecting the breadth and depth of top-notch scholarship being pursued by the faculty of Grove City College, The Center for Vision & Values is pleased to release the second in a series of exclusive monthly papers being offered More>

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V&V PAPER — Keys to Designing an Antipoverty Fund

February 28, 2007 | by | Topic: The Path to Freedom, White Papers

Editor’s Note: Reflecting the breadth and depth of top-notch scholarship being pursued by the faculty of Grove City College, The Center for Vision & Values is pleased to release the first in a series of exclusive monthly papers being offered More>

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Something for Nothing

January 11, 2007 | by | Topic: The Path to Freedom

Guest Commentary

When something is offered to us for free, we become suspicious. Internet scams, all-expense paid vacations and interest-free loans all beg the question, “Where is the catch?” Read the fine print and the true cost becomes apparent.

Increasing … More>

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What Would Jesus Tax?

November 10, 2006 | by | Topic: The Path to Freedom

Guest Commentary


Editor’s Note: This article was first published by the TCS Daily and has been reprinted with the author’s permission.

“When Jesus tells us he will regard the way we treat the hungry, the homeless, the stranger, the sick, … More>

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The Burden of Over-Regulation

September 8, 2006 | by | Topic: The Path to Freedom

Guest Commentary

Editor’s Note: This article was first published by the Commonwealth Foundation, and has been reprinted with the author’s permission.

Summer’s Best Two Weeks (SB2W) is a non-profit summer camp located in the heart of Pennsylvania’s Laurel Mountains … More>

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Monetary Chaos in Zimbabwe

August 16, 2006 | by | Topic: The Path to Freedom

Imagine buying a loaf of bread in August, 2005 for $2 and then, just a year later, finding the same loaf priced at $22! That is the kind of annual price inflation—1000% or more—that the already poor people of Zimbabwe … More>

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Minimum Wage Freezes Out the Young

July 17, 2006 | by | Topic: The Path to Freedom

A few days ago, I told my teenage daughter, who works at the local Dairy Queen, that the minimum wage in Pennsylvania is going to increase. Since she makes a little less than $6.25 per hour, which is the amount … More>

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Pennsylvania Legislature Raises Wages Again

July 11, 2006 | by | Topic: The Path to Freedom

Nothing exposes the ignorance or insincerity of policy makers more than support for the minimum wage. If wages could be set by government decree, then why stop at paltry $7.15 an hour as the Pennsylvania house recently did, and wouldn’t … More>

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Under the Shadow of Inflationomics

May 19, 2006 | by | Topic: The Path to Freedom

Inflationomics, in popular terminology, indicates the sway of inflation thought in education and the affairs of government. It permeates political life and behavior, especially when economic policies are discussed and decided. It usually speaks well of an increase in the … More>

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Are We Doomed for Another Oil Shock?

May 12, 2006 | by | Topic: The Path to Freedom

Guest Commentary

Like most people, I feel the sting when it costs $55 to fill up the family minivan. As a result, I’ve been driving around town more often in our Civic, which gets twice the gas mileage. I suspect … More>

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The Strength of the Dollar

February 15, 2006 | by | Topic: The Path to Freedom

To the surprise and wonder of many economists the U.S. dollar continues to be rather strong in international money markets despite ever growing American trade deficits. Last year these deficits amounted to more than seven hundred billion dollars or six … More>

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Did Bush Betray the Working Man to Benefit Wealthy Oil Companies?

January 19, 2006 | by | Topic: The Path to Freedom

With just five minutes to go in the Steelers-Colts playoff game last Sunday, NFL Referee Pete Morelli made a terrible call against the Steelers. On Monday, the NFL made a rare statement saying that Morelli was wrong. Thankfully for Steelers … More>

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Raising the Minimum Wage

December 19, 2005 | by | Topic: The Path to Freedom

Good intentions, when guided by error and ignorance, may have undesirable consequences. There is no better example than minimum wage legislation. It means to raise the wages and improve the living conditions of poor workers but actually condemns many to … More>

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Responding to the Anti-Wal-Mart Crusaders

December 15, 2005 | by | Topic: The Path to Freedom

Recently, Wal-Mart Corporation announced plans to build a Super Wal-Mart store a few miles outside of the town where I live, Grove City, Pa. In response to Wal-Mart’s plan, a local faith organization held an open showing of a film … More>

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Ye Shall Know Them By Their Fruits: A Book Review of Jimmy Carter’s Latest Book, “Our Endangered Values”

November 30, 2005 | by | Topic: The Path to Freedom

In a national election, the people pick a president and for four years; thereafter they pick on him.  But few presidents have ever picked on their successors after they failed to be reelected.  Most have made a graceful exit and … More>

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Big Oil vs. Big Lotteries: Where’s Congress?

November 11, 2005 | by | Topic: The Path to Freedom

What a spectacle! This week Congress heard testimony from oil executives, who, along with the companies they run, are allegedly making too much money. As such, “Big Oil,” or—more specifically—those rapacious, robber-baron CEOs who stand atop that heaping mass of … More>

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Primer on Austrian Economics

October 15, 2005 | by | Topic: The Path to Freedom, White Papers

(Download the PDF white paper here.)

Editor’s note: Jeffrey M. Herbener, Ph.D. is a fellow for economic theory and policy at The Center for Vision & Values. He is a professor of economics and chair of the economics department at More>

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VISION & VALUES: Shadows of Foreign Debt

October 1, 2005 | by | Topic: The Path to Freedom, Vision & Values Mailings

Ever eager to observe and command, government officials like to record their countrymen’s economic dealings with people abroad. They create balances of payments which are to help them evaluate and manage economic relations. Last year the American balance posted extraordinary … More>

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The Bad Effects of Good Intentions: Why the Welfare State Inevitably Fails

April 5, 2005 | by | Topic: Conference Papers, The Path to Freedom

CVV Inaugural Conference
The Road From Poverty to Freedom: A Look Backward and Forward at the War on Poverty
(Sticht Lecture Hall in the Hall of Arts and Letters)

“The Bad Effects of Good Intentions: Why the Welfare State Inevitably … More>

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VISION & VALUES: Is Social Security Reform Possible?

April 1, 2005 | by | Topic: The Path to Freedom, Vision & Values Mailings

EDITOR’S NOTE: In the following essay, Dr. Sennholz provides perspective and proposals on the current Social Security debate.

Introduction
An old English saying perfectly applies to election promises made by presidential candidates: “Vows made in a storm are forgotten in … More>

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VISION & VALUES CONCISE: Fighting Poverty, Then and Now

March 21, 2005 | by | Topic: The Path to Freedom, Vision & Values Concise E-publications

A few weeks ago Senate Republicans unveiled a twelve-point poverty alleviation program. Many items on that agenda are controversial, but one of them—a push to reauthorize the welfare reform legislation that was enacted in 1996—won’t be. Although Democrats disagree with … More>

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VISION & VALUES CONCISE: 1040 Plunder

February 25, 2005 | by | Topic: The Path to Freedom, Vision & Values Concise E-publications

In a week I will be a reluctant recipient of plundered property. The modern day Robin Hood purloined the cash last year on my behalf and without my knowledge. Technology comes into play too. Using a piece of sophisticated software, … More>

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VISION & VALUES CONCISE: Liberty: The Highest Political End

November 4, 2004 | by | Topic: The Path to Freedom, Vision & Values Concise E-publications

 

Editor’s Note: On occasion, we would like to let you know of other important organizations doing good work on behalf of the principles that we support in Vision & Values Concise. Please see the piece below from the president More>

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VISION & VALUES CONCISE: Benedict Arnold?

October 29, 2004 | by | Topic: The Path to Freedom, Vision & Values Concise E-publications

In a speech during the primaries, John Kerry called companies that outsource “Benedict Arnold” companies. If Benedict Arnold would have had his way, he would have denied Americans what they, and all of mankind throughout history, have sought—freedom—the unalienable rights … More>

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VISION & VALUES CONCISE: The Age of Liberty

October 18, 2004 | by | Topic: The Path to Freedom, Vision & Values Concise E-publications

Over the last week, something enormously important has happened — something deserving of much more than the routine news-cycle coverage. To put it bluntly, the presidential election in Afghanistan is a seminal event, and those who don’t understand how or … More>

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Kerry, Command and Control?

September 30, 2004 | by | Topic: The Path to Freedom

With the economy improving, hurricane winds blowing, and discussions about national health care on sick leave, it is fair to suggest that the coming debates between President Bush and Senator Kerry will focus on leadership.  Bush can run on his … More>

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VISION & VALUES CONCISE: The WTO Punching Bag

September 24, 2004 | by | Topic: The Path to Freedom, Vision & Values Concise E-publications

The World Trade Organization, a favorite punching bag of some conservatives, is at it again.  But hold on conservatives, the WTO is right on this one! For pocketbook reasons, the U.S. would be wise to heed their ruling.

For the … More>

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VISION & VALUES CONCISE: Give Lower-Skilled Workers a Chance

July 30, 2004 | by | Topic: The Path to Freedom, Vision & Values Concise E-publications

Election years are the times that try economists’ souls. Practically everyone with his hat in the ring will promise us this and promise us that and promise us everything under the sun, more often than not implying that, by the … More>

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Kerry in Full Bloom

July 8, 2004 | by | Topic: The Path to Freedom

The bankruptcy of the activist view of government is in full bloom again, thanks to the John Kerry campaign.

For starters, Kerry promised to raise the minimum wage. Even if Kerry is an Economics 101 dropout, one would think that … More>

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Lotteries and Their Defenders

July 1, 2003 | by | Topic: The Path to Freedom

I was channel surfing on my car radio when I encountered the latest ad for the Pennsylvania lottery. These ads tend to be clever. This is true in many states. For instance, the ads for the Virginia state lottery are … More>

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Privatization of Liquor Stores May be Answer to Sunday Sales Squawk

February 28, 2003 | by | Topic: The Path to Freedom

When he became governor a few weeks ago, Ed Rendell announced that he was suddenly surprised by the unanticipated size of the state budget deficit. His administration insists that that gap must be closed. Now, in a likely related matter, … More>

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VISION & VALUES: Economic Liberties: The Lost Civil Right

October 1, 2001 | by | Topic: The Path to Freedom, Vision & Values Mailings

EDITOR’S NOTE: The following lecture was presented at Grove City College on February 6, 2001.

Introduction
A course in Constitutional Law helped me decide that I wanted to become a lawyer. I had no previous interest in being a lawyer … More>

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