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Understanding Capitalism
Capitalism rewards man with profit or punishes him with loss, depending on the merit of his actions. It expresses the freedom and rationality of human nature in an economic system. The capitalist system depends upon private property rights, the freedom of exchange and contract, sound money, and the rule of law that supports all of these through formal and informal structures. Such a system encourages innovation and morality along with economic prosperity.
Latest Articles

Why Won’t Congress Legislate
May 15, 2025
Since Franklin Delano Roosevelt coined the phrase the “First Hundred Days” in his radio address on July 25, 1933, that period of time has become a kind of benchmark for modern presidents by which to judge how transformational the start of their presidency has been. During his first hundred days in 1933 (from March 4th to June 12th), Roosevelt signed 77 bills into law and issued 99 executive orders...

The Consent of the Governed
May 1, 2025
When Americans elect a politician who actively tries to carry through on his campaign promises, it can be a jarring experience. That is because Americans are so used to electing politicians who run on a particular platform and then abandon it, either wholly or in part, once they are elected. Rather than responding with fury, the typical response after the inevitable abandonment is, “Yeah, well, wh...

Why Patriots’ Day Deserves Our Celebration
April 17, 2025
Two hundred and fifty years ago, on April 19, 1775, a spark ignited in the American colonies—a spark so momentous, so defiant that it changed the course of history. That morning a single shot—nobody knows who took the first shot or even which side—cracked the dawn air. Blood spilled, and the American Revolution began. It is what Massachusetts honors on its Patriots’ Day holiday, first proclaimed b...
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