Capitalism is not Exploitation

A main criticism of capitalism is that it is an economic system in which the rich gain their wealth through exploitation. Many people hold the Marxist belief that the wealthy class exists through the exploitation of the lower classes, and the huge disparity in income present today seems to validate this thought. After all, it…

Bipartisan Consensus for the Politically Powerful

The Associated Press reports half of Americans think the economy will fare the same under another Obama presidency as it would under Mitt Romney. I agree and understand why that is. Political actors from both parties act in the interests of the politically powerful, who have a lot to gain from governmental power. This comes…

Young Man, You Owe Milton Friedman a Thank You.

Every young man living after 1973 owes his life to Milton Friedman. In that year, Friedman, became the intellectual father behind ending conscripted military service. He wasn’t the first person to voice his opposition to the draft, but he was the first to communicate his ideas effectively enough to change the public mindset on the…

Knowing Friedom

John Maynard Keynes famously quipped, “Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist.” Free-market economist Milton Friedman, however, actually did manage to capture the minds not only of practical men, but of politicians and even other intellectuals. He understood that the world…

An Ode to the Frie Market

Milton Friedman won a Nobel Memorial Prize in economics But that isn’t all about this man; a lesson on him isn’t quick Born in Brooklyn, New York in July of nineteen hundred twelve, Milton Friedman was a brilliant economist; in this topic he deeply delved For thirty years, teaching economic theory was his passion At the University…

Boxed In: A Need for Better Property Rights

On Monday, the Detroit News reported a new suit against Genesee County. Denise Miller of Linden, Mich., challenged the constitutionality of the parks department preventing petitioning without permits. She had been collecting petition signatures as part of the “Recall Rick Snyder” movement in a county park.  Park officials requested that she obtain a permit, which…

Right-to-Work Press Conference Held in Downtown Flint

Today, supporters of a right-to-work law in Michigan held press conferences in locations around the state. Five of those supporters appeared in downtown Flint. The main speaker, Stacy Swimp, President of the Fredrick Douglas Foundation of Michigan, addressed the crowd, saying: “All employees should be free to join and financially support a labor union if they choose,…