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Just what is Capitalism?
What is capitalism? According to many it is a system of exploit where the few and powerful will suck the rest of us dry. Or so the fascists, and communists, and all those who’d like to run your life would have you believe. Capitalism is economic freedom. It is the absence of regulation between two…

10 Myths About FDR and The Great Depression
Photo by woodleywonderworks 1. Government Spending Ended the Great Depression A commonly held belief is that government spending stimulated the economy and eventually ended the Great Depression. Reality is excessive government spending took badly needed resources from the private sector and spent them on insolvable government programs and jobs that produced no real values. The…

10 Reasons To Wait To Go To College
Last year I graduated from the University of Connecticut with honors, two majors, and list of accolades. I performed well in college and I believe a significant reason was that I did not enroll until I was 24 years old. While everyone is an individual, waiting to go to college is for many young people…

100 Entrepreneurs Who Changed The World
Photo by Tuuur 1. Henry Ford 1863-1947 “If I had asked my customers what they wanted, they would have told me a faster horse.” Founder of the Ford Motor Company, Ford transformed the modern world when his company’s Model T made automobiles affordable for the average man. By revolutionizing the production line, Ford was able…

Why Fixed Interest Rates Are Bad
Given the actions of the Federal Reserve, particularly over the last twenty years or so, we have become accustomed to the fixing of interest rates as normal. Indeed, there appear to be benefits for many from such policies, at least in the near term. After all, given mortgage rates as low as 2% to 3%,…

10 Reasons to Love the Free Market
Photo by US Mission to the United Nations Agencies in Rome 1. The free market reduces poverty A 2013 study published by the World Bank which examined 18 countries over four decades, found that 75% of the income gains accruing to the bottom 40% of income earners were a result of economic growth. Thus, policies…