[Editor’s note: Lawrence W. “Larry” Reed is President Emeritus, Humphreys Family Senior Fellow, and Ron Manners Global Ambassador for Liberty at the Foundation for Economic Education. Before his retirement in 2019, he served as President of...
There’s an apocryphal quote often misattributed to Ben Franklin that goes something like this: “When the people find that they can vote themselves money, that will herald the end of the republic.” While we’re not quite nearing the collapse of...
In 1937, Boris Orman was working at a bakery in Russia when he shared a joke over tea with his colleague. “Stalin was out swimming, but he began to drown. A peasant who was passing by jumped in and pulled him safely to shore,” the joke went...
A worse-than-expected inflation report released Friday spooked the Federal Reserve into contemplating steeper-than-expected interest rate hikes on Monday. That in turn spooked traders into a stock sell-off, driving the S&P 500 into a bear market...
The rise in consumer prices has rightly received a great deal of attention, as inflation hovers around 40-year highs. Everyone can see that virtually everything is getting more expensive, but fewer have noticed that many items are also getting...
Alisa Rosenbaum was one of the most controversial writers in America’s history. Why, then, have few people heard of her? Because both people’s plaudits and their intemperate attacks have been aimed at the new name she adopted after leaving Russia...
Legend has it that back in 1974 Arthur Laffer explained supply side economics on a napkin and the Laffer Curve was born. He concluded the napkin with, “the consequences are obvious!” In that particular case, it was that when you tax something more...
