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Op-Eds/Articles

Search Filters

Issue Areas

Financial Times

Capitalists ought not to be cowed by their critics

  • By: Fred L. Smith, Jr.
  • 05/28/2014

Sir, Lynn Forester de Rothschild’s recent column (“Capitalism thrives by looking past the bottom line,” May 21) provides new evidence of the prescience of legendary…

Capitalism

Forbes

Ronald Coase Was The Greatest Of The Many Great University Of Chicago Economists

  • By: Fred L. Smith, Jr.
  • 09/03/2013

Ronald Coase (1910-2013), the greatest of the Chicago School economists in my view, died this week. Yet, his work lives on. If it gains the…

Business and Government

Forbes

We’re In A Cultural War Between The Forces Of Economic Dynamism And Stasis

  • By: Fred L. Smith, Jr.
  • 08/06/2013

In a recent column, I noted that our tribal ancestors viewed entrepreneurs with suspicion.  In their view, entrepreneurs were too willing to violate…

Business and Government

Forbes

Charles Dickens’ Ebenezer Scrooge Was The Ultimate Job Creator

  • By: Fred L. Smith, Jr.
  • 07/17/2013

There is probably no figure more emblematic of the greedy, penny-pinching capitalist than Ebenezer Scrooge in Charles Dickens’s A Christmas Carol. Dickens is often seen…

Business and Government

Forbes

When Steven Pearlstein Bashes Capitalism, Is It Really Capitalism?

  • By: Fred L. Smith, Jr.
  • 04/04/2013

Washington Post columnist Steven Pearlstein recently touched on several important tensions that arise in our conceptions of capitalism—tensions that lie at the core of America’s…

Business and Government

Cato

Public Choice and Political Advocacy

  • By: Fred L. Smith, Jr.
  • 04/01/2013

In the three decades since I founded the Competitive Enterprise Institute, I have seen the pro–free market intellectual movement grow by…

Business and Government

Wall Street Journal

E-Verify’s ‘Hang Everyone’ Approach

  • By: Fred L. Smith, Jr.
  • 02/07/2013

This op-ed was coauthored by Laura Murphy, director of the ACLU's Washington Legislative Office If you hang everyone, the old saying goes, you…

Capitalism

Financial Times

Letter to the Editor: Companies should never apologise for making products people enjoy

  • By: Fred L. Smith, Jr.
  • 02/01/2013

Sir, The key (if unintended) message of Alan Rappeport’s analysis of Coca-Cola’s response to New York Mayor Michael Bloomberg’s “anti-obesity” measures is that corporate appeasement…

Business and Government

AJC

Tax pledge proves its worth

  • By: Fred L. Smith, Jr.
  • 12/20/2012

Grover Norquist’s Tax Pledge isn’t perfect. But it successfully forces lawmakers and taxpayers to address America’s current fiscal path. Opponents of the pledge say it…

Business and Government

Forbes

Why Grover Norquist’s Tax Pledge Works

  • By: Fred L. Smith, Jr.
  • 12/06/2012

Listening to the media these days, it seems Grover Norquist is Public Enemy No. 1. His insistence lawmakers keep their promises to voters—in the form…

Business and Government

Real Clear Markets

Markets, Not Mandates, Are the Key to Sustainable Development

  • By: Fred L. Smith, Jr., Michelle Wei
  • 08/09/2012

What exactly is sustainable development? Former Norwegian Prime Minister Gro Brundtland, speaking at the United Nations' Stockholm Conference in 1972, described it as "development that…

Business and Government

Financial Times

Letter to the Editor: U.S. Principles at Stake As Government Keeps Growing

  • By: Fred L. Smith, Jr.
  • 05/18/2012

Sir, Martin Wolf’s latest column ignores the wisdom of conservative commentator Stan Evans: “The problem with pragmatism is that it doesn’t work!” (“American power needs…

Business and Government

News OK

Letter to the Editor: Companies Have Right to Engage in Political Process

  • By: Fred L. Smith, Jr.
  • 05/14/2012

Regarding “Activist shareholders want full disclosure” (Business, May 6): Shareholder proposals calling for greater disclosure regarding “lobbying” sound reasonable until one considers the aim of…

Business and Government

Washington Times

Driving the Market From the Marketplace of Ideas

  • By: Fred L. Smith, Jr.
  • 05/14/2012

Oklahoma Gov. Mary Fallin recently came under attack from left-wing activists for meeting with representatives of the American Legislative Exchange Council (ALEC), a nationwide association…

Business and Government

Wall Street Journal

Letter to the Editor: An Attempt to Drive Free-Market Voices From the Field

  • By: Fred L. Smith, Jr.
  • 04/25/2012

The attack on the American Legislative Exchange Council (ALEC) is part of a broader attack by those seeking to drive all market voices from the…

Business and Government

Wall Street Journal

Letter to the Editor: McDonald’s and Pepsi’s Different Response to Pressure

  • By: Fred L. Smith, Jr.
  • 02/02/2012

Holman Jenkins's "What Pepsi Can Learn From McDonald's" (Business World, Jan. 28) hits on a failure of corporate management that is far more widespread…

Capitalism and Free Enterprise

Institute of Economic Affairs

Countering the Assault on Capitalism

  • By: Fred L. Smith, Jr.
  • 02/01/2012

Full Document Available in PDF Introduction: Capitalism has been the most successful institution in human history yet it…

Business and Government

Washington Post

A Stake in Financial Markets

  • By: Fred L. Smith, Jr.
  • 11/05/2011

  Capital standards are critical to the stability of any financial system. However, whether such standards are better achieved by markets rather than political entities…

Banking and Finance

Wall Street Journal

The Fiscal Union Delusion

  • By: Fred L. Smith, Jr., Iain Murray
  • 10/27/2011

Any day now, the leaders of the euro zone will present a grand plan to prevent future fiscal or financial crises from threatening the single…

Banking and Finance

USA Today

Opposing View: ‘Occupiers’ Should Look Beyond Wall Street

  • By: Fred L. Smith, Jr.
  • 10/12/2011

  The Occupy Wall Street crowd has a few things in common with the Tea Partiers. Both would sign onto the slogan, "The banks got…

Business and Government

USA Today

Thoughts on “Hayekian Insights for Trying Economic Times”

  • By: Fred L. Smith, Jr.
  • 09/28/2011

Following a recent panel at the Cato Institute commemorating the publication of a new edition of F.A. Hayek’s The Constitution of Liberty, Arnold Kling brought…

Business and Government

USA Today

Principal-Agent Problem Meets the Public Sector

  • By: Fred L. Smith, Jr., Jacqueline Otto
  • 09/19/2011

What works for business should work for government, right? Not necessarily. Law professors Frederick Tung of Boston University and M. Todd Henderson of the University…

Business and Government

USA Today

Debt Downgrade: Why Did It Take S&P So Long?

  • By: Fred L. Smith, Jr.
  • 08/17/2011

Now that Standard & Poor’s has downgraded America’s government credit rating, the real questions everyone should be asking are: What took them so long, and…

Banking and Finance

USA Today

Medical Magellans

  • By: Fred L. Smith, Jr.
  • 08/15/2011

Food and Drug Administration (FDA) rules are supposedly intended to ensure the safety and efficacy of new drugs and medical devices.  It is FDA’s technology…

Business and Government

USA Today

The Regulatory Recession

  • By: Fred L. Smith, Jr., Jacqueline Otto
  • 08/06/2011

The debt ceiling negotiations and debates over government spending have transfixed the nation for the last few weeks. President Obama’s call for a “clean” debt…

Regulatory Reform

USA Today

A Case Against Mandatory Voting

  • By: Fred L. Smith, Jr., Jacqueline Otto
  • 07/25/2011

Big government “solutions” for every social problem under the sun are all around us. I thought I’d seen them all — until recently, when I…

Business and Government

USA Today

The Political Principal/Agent Problem

  • By: Fred L. Smith, Jr.
  • 04/28/2011

  If business is to address its conflicts with an expanding government, it must ensure that its external relations departments are well managed. To do…

Business and Government

Center of the American Experiment

Eisenhower’s Second Farewell Warning

  • By: Fred L. Smith, Jr.
  • 04/21/2011

President Dwight Eisenhower’s 1961 Farewell Address includes one of the most quoted phrases in political rhetoric. He warned “against the acquisition of influence, whether sought…

Business and Government

Center of the American Experiment

Why Does Capitalism Enjoy So Little Support From Politicians?

  • By: Fred L. Smith, Jr.
  • 04/12/2011

As government grows, businesses try to adapt, often by opening government affairs offices in Washington. Yet the regulatory burden continues to increase as public attitudes…

Business and Government

Center of the American Experiment

It’s Time to End the Ethanol Boondoggle

  • By: Brian McGraw, Fred L. Smith, Jr.
  • 11/21/2010

 …

Energy and Environment

Daily Caller

A Giant Awakens?

  • By: Fred L. Smith, Jr., Ryan Young
  • 11/03/2010

  Yesterday’s election could be the start of something grand — but not because Republicans won the House. Many of the Obama administration’s policies, including…

Business and Government

Daily Caller

Delaying Foreclosures Only Adds to Pain

  • By: Fred L. Smith, Jr.
  • 10/18/2010

Federal housing promotion policies over-stimulated the supply and demand for housing and that destabilization continues. Efforts to make home ownership a “human right” are partly…

Business and Government

Daily Caller

Dare We Mandate a Gender Balance Quota?

  • By: Fred L. Smith, Jr.
  • 10/01/2010

Full Document Available in PDF Support for diversity on corporate boards has…

Consumer Freedom

Daily Caller

Australian Resource Tax Will Dampen Innovation (Letter to the Editor)

  • By: Fred L. Smith, Jr.
  • 06/03/2010

Sir, Your editorial, “Taxmen vs miners: Australia’s resource super profit tax is a good idea” (May 31), argues that “natural resource profits are…

Business and Government

Daily Caller

Change We Can Really Believe In

  • By: Fred L. Smith, Jr.
  • 01/04/2010

Over the last century, America has lurched down a path toward statism. And Presidents Bush and Obama accelerated the expansion of government power by…

Banking and Finance

Daily Caller

GOP Should Grow the Party, Grow the Economy, Shrink the State

  • By: Fred L. Smith, Jr.
  • 10/28/2009

Republicans have been getting a lot of advice lately. Democrats have urged them to join the state expansionist party, to agree that markets have…

Business and Government

Washington Times

Cap and Traitors

  • By: Fred L. Smith, Jr., William Yeatman
  • 07/09/2009

Conservative activists are angry at eight Republican members of the House of Representatives for voting in favor of the American Clean Energy and Security Act…

Climate

Washington Times

Ayn Rand at 100: When Will Businessmen Learn Her Lessons About Politicians?

  • By: Fred L. Smith, Jr.
  • 07/01/2009

She called businessmen "America’s persecuted minority." And today—as has been the case at least since the start of the Industrial Revolution—many businessmen and -women…

Banking and Finance

Washington Times

Banks Aren’t Bridges

  • By: Fred L. Smith, Jr.
  • 05/08/2009

The logic of the recent bank stress tests seems unassailable — bridges may fail, so may banks. But bridges are physical constructs. Centuries of…

Business and Government

Washington Examiner

Greenbacks for Green Energy Come from Taxpayer Pockets

  • By: Fred L. Smith, Jr., William Yeatman
  • 05/05/2009

President Barack Obama recently named business consultant Jeffrey Zients as head of a new performance office tasked with reducing government waste. The irony…

Climate

RealClear Markets

Fix Social Security, Ease the Credit Crisis

  • By: Fred L. Smith, Jr., Ivan Osorio
  • 04/29/2009

Remember the looming Social Security crisis? If you don’t, you’re not alone. The credit crisis and economic downturn have monopolized public attention to…

Business and Government

RealClear Markets

Government’s Mistakes Have Deepened This Recession

  • By: Fred L. Smith, Jr.
  • 04/08/2009

Steven Gjerstad and Vernon Smith suggest one unexplored aspect of our financial crisis: the role of egalitarian policies. To see this, note…

Business and Government

Op-Eds

Dealing with the Threat of Global Recession

  • By: Fred L. Smith, Jr., John Berlau
  • 11/09/2008

Fred L. Smith Jr. and John Berlau on the upcoming Global Economic Summit: Governments should agree to a timetable to end the bailouts.

Banking and Finance

Op-Eds

Fannie, Freddie Critic Ridiculed In 2000

  • By: Fred L. Smith, Jr., John Berlau
  • 09/24/2008

It is now consensus that Fannie Mae and Freddie Mac are at the heart of the systemic meltdown we are seeing in the…

Business and Government

Op-Eds

Gang Green

  • By: Fred L. Smith, Jr.
  • 09/04/2008

Excerpt: “A few weeks ago I was at the house of some friends, and I accidentally tossed a plastic Gatorade bottle into the glass recycling…

Energy and Environment

Op-Eds

Blackboard economics at FTC

  • By: Fred L. Smith, Jr.
  • 09/04/2007

Antitrust regulators are at it again. The Federal Trade Commission remains under the sway of what Nobel Prize-winner Ronald Coase referred to as “blackboard economists,”…

Antitrust

Op-Eds

Do Something for Other People by Getting Very, Very Rich

  • By: Fred L. Smith, Jr.
  • 06/29/2007

Robert Barro's commentary on Bill Gates illustrates again why the late economist Joseph Schumpeter was so gloomy in his assessment of the question:…

Op-Eds

Lights Out

  • By: Fred L. Smith, Jr.
  • 03/01/2007

California has an energy problem. Electricity rates skyrocketed in San Diego where prices were free to fluctuate; and brownout/blackout risks are mounting in much of…

Energy and Environment

Op-Eds

The High Cost of Low Price

  • By: Fred L. Smith, Jr.
  • 01/15/2007

Should free market advocates oppose a plan aimed at lowering prescription drug costs? Generally, no. But, when such a plan involves the flexing…

Antitrust

Op-Eds

Should We Restrict Ourselves to the War of Ideas?

  • By: Fred L. Smith, Jr.
  • 12/11/2006

Economic liberalism faces a multi-front assault, an assault that has been underway for decades but that has intensified in recent years.  As discussed in the…

Business and Government

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