Defending the Judeo-Christian Heritage, limited government, and the American Constitution
Sunday August 2nd 2015

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S.E.M., Vol. 1, No. 7
Federalist 69 - by Alexander Hamilton. 1. What are the chief characters in regards to the President as outlined in the proposed Constitution? 2. Why does Hamilton believe the term of office for a President should be longer than three years? 3. What was the term of office for the king of England and what, in your opinion, is the potential for abuse in such a term? Would the term of office of the king of England present any advantages - in the Founders experience and in your opinion - over over the new American system? Read all of the questions and post your response at our new resource Self-Educated Man

Posts Tagged ‘enterprise’

Making Whistle-Blowing Pay

Making Whistle-Blowing Pay

Free Enterprise Zone, The Freeman, Warren C. Gibson The federal bureaucracies are hard at work churning out rules to implement the Dodd-Frank financial “reform” act. In May the Securities and Exchange Commission announced rules for its new whistleblower program, which rewards individuals who provide the agency with “high-quality tips that [...]

Elizabeth Warren’s Non Sequitur

Elizabeth Warren’s Non Sequitur

Free Enterprise Zone, The Freeman, Sheldon Richman If you spend any time on a social network, you’re bound to come across this video of Elizabeth Warren, who’s running for the U.S. Senate in Massachusetts. In her remarks she says: There is nobody in this country who got rich on his own. Nobody. You built a factory out there? Good for [...]

Depression, War, and Recovery

Depression, War, and Recovery

Free Enterprise Zone, The Freeman, Sheldon Richman In a recent mini-debate on the radio with a Keynesian economist, I ran into the increasingly popular claim that massive spending during World War II ended the Great Depression. (Listen to my response here.) In an odd way this is progress. If it took World War II to end the Depression, that [...]

Social Cooperation, Part 2

Social Cooperation, Part 2

Free Enterprise Zone, The Freeman, Sheldon Richman A couple of weeks ago I wrote about Ludwig von Mises’s emphasis on social cooperation as the basis of his economic philosophy, particularly in his magnum opus, Human Action. I thought I’d follow up with more thoughts on this subject. Mises was no maverick in this regard. Interest in [...]

The Infrastructure Delusion

The Infrastructure Delusion

Free Enterprise Zone, The Freeman, Richard Fulmer Infrastructure does not an economy make. Highways and railroads, airports and seaports, communications towers and fiber optics cables are essential for the flow of commerce, but it is the people, goods, and information moving over and through this infrastructure that are the heart of an economy. [...]

A Victim of the State, pt. 2

A Victim of the State, pt. 2

Free Enterprise Zone, The Freeman, Sheldon Richman Is it a criminal offense to irritate a U.S. attorney? Apparently so. If the case of Siobhan Reynolds is any indication, it’s a serious offense that can cost a person a lot of money as well as her freedom to speak in public — without ever being charged with a conventional crime. That’s [...]

Staying Out of the Corner

Staying Out of the Corner

Free Enterprise Zone, The Freeman, Steven Horwitz In economics, one of our favorite concepts is tradeoff.  In a world of pervasive scarcity, every choice has a cost.  Recognizing this fact about the human condition should lead us to see the world in terms of marginal benefits and costs.  As we think about how to allocate our time and [...]

Bureaucrats Keep Us Safe?

Bureaucrats Keep Us Safe?

Free Enterprise Zone, The Freeman, William L. Anderson One of the Holy Writs of Progressivism is that government rules and regulations keep us safe. Thanks to government orders, claim Progressives, we have safer cars, safer food, and safer homes. Were it not for the bureaucracies, they argue, our lives would be fraught with danger. The [...]

Value, Cost, Marginal Utility, and Bohm-Bawerk

Value, Cost, Marginal Utility, and Bohm-Bawerk

Free Enterprise Zone, The Freeman, Sheldon Richman Does cost of production determine price or does price determine cost of production? In the world of economic caricatures, the classical economists (Smith, Ricardo, et al.) took the former position, the Austrians the latter. Specifically, the Austrian view supposedly is that that demand driven [...]

The Charade

The Charade

Free Enterprise Zone, The Freeman, Sheldon Richman Dinesh D’Souza has the bizarre idea that Barack Obama’s presidency can be best understood by realizing that “Incredibly, the U.S. is being ruled according to the dreams of a Luo tribesman of the 1950s . This philandering, inebriated African socialist, who raged against the world for [...]

Weak Ties, Entrepreneurs, and the Great Society

Weak Ties, Entrepreneurs, and the Great Society

Free Enterprise Zone, The Freeman, Sandy Ikeda Israel Kirzner, my great teacher and a pioneer in the study of the market process, often says that entrepreneurs tend to discover what they have an interest in discovering.  A plastic surgeon, for example, isn’t likely to find a new and profitable way to use web-based teaching technology, nor [...]

How to End the Great Recession

How to End the Great Recession

Free Enterprise Zone, The Freeman, William L. Anderson It is official: The Great Recession ended – in June 2009. The National Bureau of Economic Research (NBER) says the GDP has risen, which means we are in recovery. For people who can’t find work, it doesn’t feel like a recovery, and there is good reason for that feeling: This is not a [...]

The Complexity of Simple Economics

The Complexity of Simple Economics

Free Enterprise Zone, The Freeman, Steven Horwitz Last weekend I was fortunate enough to attend a ceremony honoring the 1986 Nobel Prize winner in economics, and my former professor, James Buchanan for his lifetime contributions to our understanding of the spontaneous order of the market and politics. The award was given by the Fund for the [...]