6 ways economic freedom benefits the global poor

Even most critics admit the free market is the greatest wealth-generating system in history, but they say the poor benefit more from interventionist economic systems. In fact, economic liberty elevates the least well-off in more laissez-faire nations to a better position than those living in unfree economies based on such factors as average income, life expectancy, literacy, and other forms of personal liberty. Continue Reading...

Lord Acton on conscience: The light of freedom

In the public imagination, Lord Acton is often restricted to his ubiquitous aphorism about power and corruption. This is a pity, as the nineteenth century essayist, historian, and parliamentarian held wide-ranging views about liberty as well-developed as they were penetrating. Continue Reading...

How do Western nations rank on economic freedom?

The Fraser Institute released its annual “Economic Freedom of the World” report this morning. The free market think tank rates every nation based on its “degree of freedom in five broad areas”: Area 1:Size of Government—As spending and taxation by government, and the size of government-controlled enterprises increase, government decision-making is substituted for individual choice and economic freedom is reduced. Continue Reading...

Hurricanes as schools of charity

The only force greater than the destruction wrought by this summer’s hellish hurricanes is the solidarity written indelibly upon the human heart. The acts of charity they galvanize show the power of voluntary efforts springing from voluntarism, virtue, and compassion. Continue Reading...