“Freedom”

Thoughts on a Free Market Economy…

“Freedom”

By Phyllis Hunsinger

July 1, 2018

            “Freedom!” cried William Wallace in 1297 before he was put to death as portrayed in the movie, Braveheart.  “Give me liberty or give me death!” said Patrick Henry in 1775.  History is replete with people yearning to be free and willing to sacrifice their lives for the cause of freedom.  America was founded by just such men.  These men expressed in the Declaration of Independence the self-evident truths that “all men …

Read More »

The Moral Case for Capitalism

Thoughts on a Free Market Economy…

“The Moral Case for Capitalism”

By Phyllis Hunsinger

June 1, 2018

 

              An alarming survey recently released from the American Culture and Faith Institute found that 40% of the adults surveyed in America prefer socialism to capitalism.  Fifty-five percent of young adults surveyed under the age of 30 in a 2016 Gallup poll viewed socialism favorably. These surveys seem to indicate the public is increasingly in favor of a government regulated economy rather than a free market economy.

  …

Read More »

Graduates Need Economic Education

Thoughts on a Free Market Economy…

“Graduates Need Economic Education”

By Phyllis Hunsinger

May 1, 2018

              The month of May means many thousands of young people will be graduating from high school across these United States.  As graduates they will be faced with many decisions:  Do I go straight to work?  Do I attend a Vocational Technical School?  Do I attend a College or University?  Do I continue to live at home or find my own place?  Should I buy a car and insurance?  Do I save for …

Read More »

“Unintended Consequences of Mandated Use of Biofuels”

Thoughts on a Free Market Economy…

“Unintended Consequences of Mandated Biofuel Use”

February 1, 2018

By Phyllis Hunsinger

 

            “Replacing fossil fuels with biofuels has the potential to reduce some undesirable aspects of fossil fuel production and use, including conventional and greenhouse pollutant emissions, exhaustible resource depletion, and dependence on unstable foreign suppliers”

according to the Environmental Protection Agency’s government website.

            Certainly there are some benefits from biofuels:  the demand for biofuels can increase farm income and biofuels are renewable.  However biofuel production alone will not decrease conventional pollutant emissions …

Read More »

“Free Market Solutions to Societal Problems”

Thoughts on a Free Market Economy…
“Free Market Solutions to Societal Problems”
By Phyllis Hunsinger
November 1, 2017

Free markets are defined as a market economy based on supply and demand with little or no government control. America has prospered because free markets and the power of competition enabled growth. Why, then, if free markets have been so beneficial to the health and wealth of America, does the government continue to intrude by regulating almost every single aspect of life?

Part …

Read More »

“What is Redistribution of Wealth?”

Thoughts on a Free Market Economy…

“What is Redistribution of Wealth?”

By Phyllis Hunsinger

August 1, 2016

 

            For a number of years the mantra of some has been the need to redistribute wealth in order to create more equality in the United States.

Redistribution of wealth is defined as the transfer of income and wealth, including physical property, from some individuals to others by means of a social mechanism. Individuals contributing to charities constitute voluntary redistribution of wealth. Compulsory wealth redistribution comes as the result of government programs including …

Read More »

Free Trade

Thoughts on a Free Market Economy…

“Free Trade”

By Phyllis Hunsinger

March 1, 2016

             The presidential primaries are in full swing. Candidates are filling the air waves with ideas to improve the economy, create jobs, and secure safety and prosperity for the citizens. The concept of free trade is often introduced in these discussions. What is the meaning?

Free trade refers to the unrestricted purchase and sale of goods and services between countries without imposition of constraints such as tariffs, duties, fees, and quotas. Imposing tariffs, taxes, and other …

Read More »

Support for Capitalism

Thoughts on a free market economy…

“Support for Capitalism”

By Phyllis Hunsinger

February 1, 2016

The United States was founded on the principles of capitalism and free markets.  Capitalism is defined as an economic system in which the means of production, distribution, and exchange are privately owned and operated for private profit.  Free markets mean an economic system in which prices are determined by unrestricted competition between privately owned businesses.

Knowing that these are the bedrock principles on which the United States was founded, consider this: Forbes in the January …

Read More »

“Getting the Balance Right”

Thoughts on a free market economy….

“Getting the Right Balance”

By Phyllis Hunsinger

October 1, 2015

“There is so much at stake in getting the balance right between government regulation and marketplace freedom—and yet our educational system increasingly fails to teach our young people the fundamental workings of the free enterprise system, the system of checks and balances that restrains government from abusing its power, and the crucial role of competition and capital formation to keep our economy healthy.”  These are the words of John S. Hendricks, the founder …

Read More »

Education and Return on Investment

Thoughts on a Free Market Economy…

“Education and Return on Investment”

By Phyllis Hunsinger

September 1, 2015

September is generally thought of as “Back-to-School” time; although some schools are now beginning classes earlier.  At any rate by September, the hallways and classrooms are filled with students needing to be taught and teachers wanting to teach.    The benefits of a good education are legendary in the literature, but let’s look at only one facet of these benefits:  economics.

In the study of economics there exists a profitability measure that evaluates the …

Read More »