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Welcome To Free Market Central

Free Market Central curates daily commentary and reporting from a pro-freedom, pro-market perspective. Our mission is to inform, promote community and facilitate self-education about the virtues of liberty and the role of government in a free society.

On this site you’ll find a broad spectrum of right-minded voices—some new, others familiar—from conservative to libertarian and beyond.

We hope you’ll make FMC and its various features part of your daily reading.  Tell your friends about us and “Like” us on Facebook.  Thank you for visiting.

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—The FMC Team

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Bookshelf

FreeMarket Central

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Special Video Feature

FreeMarket Central

Voices From The 2017 International Students For Liberty Conference

In Search Of History

The Reagan Tax Cuts Worked

Thanks to "bracket creep," the inflation of the 1970s pushed millions of taxpayers into higher tax brackets even though their inflation-adjusted incomes were not rising. To help offset this tax increase and also to improve incentives to work, save, and invest, President Reagan proposed sweeping tax rate reductions during the 1980s. What happened? Total tax revenues climbed by 99.4 percent during the 1980s, and the results are even more impressive when looking at what happened to personal income tax revenues. Once the economy received an unambiguous tax cut in January 1983, income tax revenues climbed dramatically, increasing by more than 54 percent by 1989 (28 percent after adjusting for inflation).

 

-- Daniel J. Mitchell,

Shadow Stats Snapshot


FreeMarket Central

ShadowStats alternate economic indicators are based on the methodology of noted economist John Williams, specialist in government economic reporting.

  • Unemployment:
    FreeMarket Central BLS: 4.12%
    FreeMarket Central Shadow Stats: 21.7%
  • Inflation:
    FreeMarket Central November Year-to-Year: 2.04% (CPI-U*)
    FreeMarket Central Shadow Stats: 9.8%

*[cpi-u is the Bureau of Labor Statistics inflation rate for all urban consumers]