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By now we should have figured out the cure for what ails the American health care system: a regimen of unadulterated competition. It’s just what the doctor (of sound economics, that is) would order.
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It seems employers are being encouraged to help their young employees spend their money as fast, or even faster, than they earn it. Some employers are taking the bait. Some even think it is a benefit to make employees loans, help pay them off, or be better at payday loans than payday lenders.
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As an economic crisis manager, Leszek Balcerowicz has few peers. When communism fell in Europe, he pioneered “shock therapy” to slay hyperinflation and build a free market.
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Allison is nothing if not an expert on banking and finance, and having witnessed up close the 2008 financial crack-up that rendered so much of his competition insolvent, he’s written an essential book on the causes of a financial crisis that he unapologetically concludes was born by government error.
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Everyday Price Index October 22, 2012 On an annualized basis, the prices of frequently purchased goods rose nearly 13 percent last month. by Julie Ni Zhu, Research Analyst, and Sarah Todd, Editor
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Special Report October 5, 2012 Beginning January, recipients should see payments go up by at least 1.5 percent. But the increase probably won’t be enough to cover higher everyday prices. by Polina Vlasenko, PhD, Research Fellow
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Special Report October 1, 2012 Small towns rule in this year’s Top 10 College Destinations. by AIER Staff
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Special Report–CDI October 1, 2012 This brochure lists the top 75 College Destinations for 2012-2013. These include the top 15 among the Major Metros and the top 20 locations among Mid-size Metros, Small Cities, and College Towns.
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It is bad enough that opponents of the free market wrongly blame capitalism for environmental pollution, depressions, and wars. Whatever the failings of their causal theories, at least they are focused on undoubtedly bad things. We have really gone beyond the pale, though, when the market is blamed for something good.
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When a little over two years ago, at the second Lausanne Conference of this group, I threw out, almost as a sort of bitter joke, that there was no hope of ever again having decent money, unless we took from government the monopoly of issuing money and handed it over to private industry, I took…
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It is not enough to encourage enterprise and limit regulation—we need a fixed system of value.
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If the State is so resourceful, why does it need to borrow and tax so much? The debate over the divine “multiplier” rages on. Proponents argue that the economy is plagued with idle resources just sitting around collecting dust. “Why, if the Private (read: Voluntary) Sector won’t pull its weight, the State must step in…