The behind-the-scenes story of the airplane demonstrates how private enterprise is needed for innovation and economic growth— and that government subsidies usually fail.
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Voices From The 2017 International Students For Liberty Conference
In Search Of History
When America Was Truly The Land Of Opportunity
For [early immigrants] America was truly the land of opportunity. For the first time in their lives, many were truly free to pursue their own objectives. That freedom released the human energies which created the United States. There were few government programs to turn to and nobody expected them. But also there were few rules and regulations. There were no licenses, no permits, no red tape to restrict them. They found, in fact, a free market, and most of them thrived on it.
Shadow Stats Snapshot
ShadowStats alternate economic indicators are based on the methodology of noted economist John Williams, specialist in government economic reporting.
- Unemployment:
BLS: 4.35%
Shadow Stats: 22.1%
- Inflation:
July Year-to-Year: 1.73% (CPI-U*)
Shadow Stats: 9.4%
*[cpi-u is the Bureau of Labor Statistics inflation rate for all urban consumers]