Free Republic

Adam Smith wasn't a flawless man, but it's intellectually dishonest to associate Smith with slavery and oppression while ignoring his actual writings.Today’s cancel culture won’t let death set anyone free from condemnation. News from Scotland reports the Edinburgh City Council added Adam Smith’s gravesite to a database of sites linked to “slavery and colonialism.” The Telegraph relays the council took this drastic action after it “launched a review of sites which ‘perpetuated racism and oppression’ following last year’s Black Lives Matter protests, with the option of ‘removal or re-interpretation’ for problematic monuments.” Sir Geoff Palmer, a professor emeritus at Heriot-Watt...

At 40 times earnings, there is a 0% chance that Microsoft stock will produce wealth for someone over the next 10 years to meet their needs, Cole Smead says That’s Cole Smead, president of Smead Capital Management, explaining in a CNBC interview on Thursday how “young, dumb” investors have created a “total nightmare” in the current climate. Smead went on to say that these nosebleed valuation levels are an example of a “stock market failure” at the hands of these inexperienced millennials who have gotten lured in to taking oversized risks in equities for the first time in their lives....

This video shows the Top 10 companies by market capitalization worldwide from 1998 to 2018. It includes American companies such as, Apple, Exxon Mobil, Microsoft, Walmart, General Electric, Amazon, as well as companies from other countries, such as Tencent, BP, Alibaba, Royal Dutch Shell, etc.

High-cigarette tax jurisdictions are losing out on up to $729 million in tax revenue each year due to illicit trade in tobacco products.That is according to a new study from the nonprofit research organization RTI International. The figure represents an upper-end estimate of aggregate revenue foregone by the cities of Boston, Philadelphia, New York, Providence and Washington, DC. All five are top destinations for cigarette smugglers seeking to take advantage of high cigarette tax rates that push economy-minded buyers, including underage smokers seeking to avoid high, legal prices, to the black market. In New York, which boasts the highest cigarette...

In one Facebook post, Pierson attacks the philosophies of economist Adam Smith who through his invisible hand theory pushed the notion that the free market was self-regulating. In another post, he describes himself as "Keynesian." "...I was wondering to all the neoclassicals and neoliberals, why isn't the market correcting itself?" he wrote. "If the invisible hand is so strong, shouldn't it be able to overpower regulations?" Pierson also appears to mock Republicans on another Facebook post, writing "you republicans are so cute" and posting an image that reads: "The Republican Party: Health Care: Let 'em Die, Climate Change: Let 'em...

What are the top ten Federal regulations that, if aboloshied FOREVER would create the most work. Yep, I said work! What we need is WORK! Harken back with me to the days of yore when, in the 1930's, trainloads of men crisscrossed this poverty-ridden country, (why was crime so low, but that is another post to come). Anyhow, these impoverished men did not look for "jobs," THEY LOOKED FOR WORK ! Time to push back from the table of consumption and start working to produce things to be consumed. So, to decrease the damned Federal payroll and boost the number...

If Adam Smith were here today to witness our economic debacle, this “Great O-pression” which seems to be consuming our wealth with an unprecedented fury, would he support the idea of massive government intervention to “fix” the problems we face? Adam Smith is, of course, the father of free market economic thinking, the great initial intellectual force behind capitalism, the author of our seminal text, The Wealth of Nations, the man behind the proverbial “invisible hand” that mysteriously and relentlessly drives our individual economic activity toward the efficient allocation of scarce resources and the achievement of the greatest possible good...

As Adam Smith wrote in his 18th century book, "The Wealth of Nations," "When the regulation is in support of the workman, it is always just and equitable — but it is sometimes otherwise when in favour of the masters." Smith advocated high wages as beneficial to employer and employee alike, and he advocated the abolition of slavery. The distinguished American economist John Kenneth Galbraith said about "The Wealth of Nations:" “It is much celebrated by the ministry of the righteous right, few of whom have read it. “Were they to do so — disapproval of the corporate form,...

How to bring manufacturing back home -------------------------------------------------------------------------------- Posted: September 29, 2006 1:00 a.m. Eastern In July, our trade deficit hit yet another all-time record, $68 billion, an annual rate of $816 billion. Imports surged to $188 billion for the month, as our dependency on foreigners for the vital necessities of our national life ever deepens. China's trade surplus with us was $19.6 billion for July alone, moving toward an all-time record of $235 billion for 2006 – the largest trade deficit one country has ever run with another. Our deficit with Mexico is running at an annual rate of $60...

FREE TO CHOOSE: Tyranny of Control Friedman: It is harvest time and Japanese farmers gather their crops for the rice market in Kyoto. Of course, they will try to get as much for it as possible and the buyer's will try to buy it as cheaply as possible. That is how markets are supposed to work. That is what Adam Smith, the Scotsman who turned economics into a modern science, observed 200 years ago. He observed something else too. Adam Smith: In every country it is always and must be in the interest of the great body of people to...

The government can decide what artwork is worthwhile without being accused of censorship as long as it is funding that art, Supreme Court Justice Antonin Scalia told an audience Thursday at the Juilliard School. "The First Amendment has not repealed the ancient rule of life, that he who pays the piper calls the tune," Scalia said. The justice, who limited his discussion to art issues, said he wasn't suggesting that government stop funding the arts, but that if it does fund artwork, it is entitled to have a say in the content, just like when it runs a school system....

WASHINGTON (AP) - Federal Reserve Chairman Alan Greenspan paid tribute on Sunday to the father of modern economics, saying that 18th-century philosopher Adam Smith was "a towering contributor to the development of the modern world." Greenspan, who this month began his final year as Fed chairman, delivered the Adam Smith Memorial Lecture at Fife College in Kirkcaldy, Fife, Scotland, where the early proponent of free-market capitalism was born in 1723. "In his 'Wealth of Nations,' Smith reached far beyond the insights of his predecessors to frame a global view of how market economies, just then emerging, worked," Greenspan said in...

The Design and Manufacturing Show was held in Chicago on March 5, 2003. Bob Dwyer is a manufacturing representative with 19 years of experience and was one of the participants. His observations should make us reflect on the fundamental crisis regarding what has gone wrong with the American economy, its corporate culture, job creation and economic growth, and the heavy hand of government interference in the name of political correctness. His concerns also illustrate the deception and disconnection of the transnational establishment and corporate sector from our core, our foundation, our value as a nation-state and certainly the disconnect from...