Economic freedom is the heart of free-market capitalism. Freedom and competition are significant reasons why capitalism provides greater prosperity. An April 5th Wall Street Journal article (Gillette, in Change, Shaves Prices by Sharon Terlep) provides an opportunity to discuss competition. The article describes Gillette’s situation as follows: “Gillette, which dominates the global razor business, has … Continue reading Competition is a Close Shave
A few weeks ago the mayor of Baltimore said she would veto an increase in the city's minimum wage to $15 per hour. She said it would put the city at a competitive disadvantage versus the surrounding area. Hurray for a moment of economic sanity in the “Fight for Fifteen.” The mayor is absolutely correct … Continue reading Baltimore Faces Reality on Minimum Wage
The rule of law is quite important. Why? Because it is an important underpinning of personal liberty and economic prosperity.