Economics 101-Steve Forbes

“The truth is, there is a moral basis for free markets,” Heritage Foundation trustee Steve Forbes said earlier this month at a Heritage event in Dallas. Free enterprise, he explained, creates wealth through voluntary exchange. This wealth creation, in turn, allows for the great philanthropic enterprises that have improved our lives: higher education, medical research and more. “We have to find our voices and not be on defense” against those who attack free enterprise, he argued.

Flat Tax: An idea whose time has come

There is widespread consensus that the current tax system is a complicated failure that hinders the nation’s growth while allowing the politically well-connected to manipulate the system to get special breaks that are not available to average workers and businesses. This is stimulating a great deal of interest in shifting to a simple and fair flat tax. For instance, President George W. Bush has appointed the President’s Advisory Panel on Tax Reform to recommend options for fundamental tax reform,[1] the Department of the Treasury has produced extensive analysis of the flat tax and other reform options,[2] and lawmakers on Capitol Hill are exploring various ways to reform the tax code.

Eric Hoffer

Former migratory worker and longshoreman, Eric Hoffer burst on the scene in 1951 with his irreplaceable tome, The True Believer, and assured his place among the most important thinkers of the twentieth century. Nine books later, Hoffer remains a vital figure with his cogent insights to the nature of mass movements and the essence of humankind.

Of his early life, Hoffer has written: “I had no schooling. I was practically blind up to the age of fifteen. When my eyesight came back, I was seized with an enormous hunger for the printed word. I read indiscriminately everything within reach—English and German.

Cliches of Socialism

When a devotee of private property, free market, limited government principles states his position, he is inevitably confronted with a barrage of socialistic cliches. Failure to answer these has effectively silenced many a spokesman for freedom. Here are suggested answers to some of the most persistent of the “Cliches of Socialism.” These are not the only answers or even the best possible answers; but they may help someone else develop better explanations of the ideas on liberty that are the only effective displacement for the empty promises of socialism. Single-sheet reprints of each answer available at cost. Unless otherwise indicated, books noted in this volume are published by and available from the Foundation for Economic Education

Why Unhappy People Become Liberals

According to polls — Pew Research Center, the National Science Foundation — and studies such as Arthur Brooks’s Gross National Happiness, conservative Americans are happier than liberal Americans.

Liberals respond this way: “If we’re unhappier, it’s because we are more upset than conservatives over the plight of those less fortunate than ourselves.”

The Great Thanksgiving Hoax

Each year at this time school children all over America are taught the official Thanksgiving story, and newspapers, radio, TV, and magazines devote vast amounts of time and space to it. It is all very colorful and fascinating.

It is also very deceiving. This official story is nothing like what really happened. It is a fairy tale, a whitewashed and sanitized collection of half-truths which divert attention away from Thanksgiving’s real meaning.

Margaret Thatcher

Welcome to the official website of the Margaret Thatcher Foundation, the largest contemporary history site of its kind.This site offers free access to thousands of documents—many of them previously unpublished—relating to Margaret Thatcher and world events during the last thirty years.