September 18, 2012
By James Gwartney, Robert Lawson, and Joshua Hall As the country enters the final months of the presidential election season, candidates from both parties will promise policies that they claim will improve our standards of living. While the focus of the political debate will be on short-term economic recovery and jobs, the source of long-term prosperity is economic freedom. Economic freedom means people are free to choose, trade, compete, invest, and have the fruits of their labor protected against aggressors within a legal framework of equal treatment and minimal interference from government.
December 27, 1995 |
It is a seven-day celebration that is only 29 years old yet steeped in ancient African tradition, a festival of kinship that is spiritual yet not religious. Kwanzaa, a uniquely African American observance that begins annually on Dec. 26, crosses class and cultural lines, all the while reaffirming its seven basic principles: unity, self-determination, collective work and responsibility, economic freedom, pride and purpose, creativity, and faith. Each day, one red, green or black candle is lit to reaffirm that day's principle as families exchange gifts and wish each other well in the coming year.
May 1, 1991 |
It took three years of planning and several deadline extensions, but organizers of a proposed black-controlled bank announced yesterday they have raised well over the $5 million needed to open the institution. "We have made economic history," said bank chairwoman and chief executive officer Emma C. Chappell during a news conference. "We are anxious now to open this financial institution and to begin playing a key role in the economic revitalization of our city. " Chappell and a small band of organizers - including many local clergymen - had imposed an April 30 deadline on themselves to raise the $5 million required by state regulators to open the United Bank of Philadelphia.
February 28, 2008
The passing of William F. Buckley Jr., 82, yesterday leaves the world of ideas a little less gracious, not as much fun, and woefully lacking in vocabulary skills. Buckley went from being almost a lone conservative voice in the post-World War II liberal wilderness, to the intellectual heart and soul of a movement that brought to power Reagan, Gingrich and Bush. Though there was one run for mayor of New York City in 1965, his influence came mostly from outside the political arena.
January 3, 1990 |
Not long after the dominoes began falling in Eastern Europe, Playboy magazine bought a full-page ad in the New York Times to announce that it had become the first "American consumer magazine" to be published in Hungarian. Playboy said it was not surprised, "since we're the magazine that led a social revolution in America by standing for personal, political and economic freedom. " The headline on the ad read, "Exporting the American Dream. " More like a nightmare, since many of those who embraced the Playboy philosophy of "if it feels good, do it" have suffered broken marriages, unwanted pregnancies, abortion and AIDS.
January 17, 1995 |
With testimony and tears, remembrance and regeneration, the nation honored the Rev. Dr. Martin Luther King Jr. yesterday in ceremonies renewing his quest for personal freedoms with a quest for economic freedom. The celebration occurred in counterpoint to a continuing feud between his family and the National Park Service over who will preserve his memory and how. At Ebenezer Baptist Church, where Dr. King was pastor, Dexter Scott King vowed to continue his father's work by seeking economic opportunity - and used the occasion to comment on the conflict with park authorities.
September 16, 1987 |
I look forward to returning to the City of Brotherly Love tomorrow to share in the celebration of the 200th anniversary of our Constitution. Tomorrow, America's attention turns to Philadelphia. It should be a source of enormous pride to each of you that Philadelphia is where our Republic is rooted, where our Founding Fathers created the world's most enduring constitutional government. As Henry Clay observed: "The Constitution of the United States was made not merely for the generation that then existed, but for posterity - unlimited, undefined, endless, perpetual posterity.
October 16, 1990 |
Brenda Solomon thought she'd just be buying a piece of a bank - a bank owned and run by black Philadelphians. But the registered nurse was told last night that she'd actually be helping to finance "a revolution" by paying $500 for 50 shares of stock in United Bank of Philadelphia, whose founders hope to open on Jan. 2. "To those who want to burn stuff down and tear stuff up, I say, 'If you want to see a real revolution, build this bank,' "...
September 17, 1987 |
We got a letter from the President yesterday. It was on our front page. Smile and all. Like most Ronald Reagan's pronouncements, flowery phraseology ran amok, strangling any hints of substance. "Looking back, we see a system of government that has prospered because of the miracle that began with the words 'we the people,' ' the president writes, happy that he'll be in our city today to celebrate the Constitution's bicentennial. "We are an endless experiment in human freedom and unfettered opportunity," he continued.
March 13, 2007 |
The National Park Service has chosen a design for the memorial on the spot now known as the "President's House. " Before being known by that name, this site had been known for more than 200 years as the location of Robert Morris' mansion. Morris, often called the "Financier of the Revolution," helped form this nation's banking and defense systems. But he and his life's work of creating economic freedom for all Americans have been unceremoniously shoved aside. The planned memorial will not tell us about Morris' role in the origins of American-style free-market capitalism or his critical leadership of the Continental Navy during most of the Revolutionary War. We will not learn about his struggles to keep America together during Confederation.