The Worst-Kept Economic Secret in America: Inflation is Back
BY MARK W. HENDRICKSON
To most people, “inflation” signifies widespread rising prices. Economists have long argued, as a matter of technical accuracy, that “inflation” denotes...
The Problem With Hedge Funds
BY MARK W. HENDRICKSON
Hedge funds are in the news again. (I wrote about the Melvin Capital hedge fund blow-up a couple of months ago.) A firm...
Wall Street Outsiders Versus Hedge Funds
BY MARK W. HENDRICKSON
The investment world was convulsed last week when at least one hedge fund (Melvin Capital) lost billions of dollars. The sudden,...
The Fall of Mighty Exxon
BY MARK W. HENDRICKSON
A noteworthy milestone in U.S. corporate history happened on Aug. 31: ExxonMobil Corp. was dropped from the Dow Jones Industrial Average (“the Dow”),...
Why Fracking is a Big Issue
MARK W. HENDRICKSON, INSTITUTE FOR FAITH & FREEDOM
In my previous column, I described the “paradox of prosperity”—the strange tendency of many people who...
More Mischief About Income Inequality
BY MARK W. HENDRICKSON
In September, the renowned RAND Corporation released a meticulously detailed, scrupulously objective study about income inequality in the United States: “Trends in Income...
The Paradox of Prosperity
BY MARK W. HENDRICKSON
In Friedrich Hayek’s 1954 book Capitalism and the Historians, the late French philosopher and political economist Bertrand de Jouvenel noted a baffling...
On the Utility, Fairness of Standardized Tests for College Admissions
BY MARK W. HENDRICKSON
The long-established use of standardized tests (the SAT and ACT) as a major criterion for gaining admission to college is increasingly being questioned...
Do People Really Distrust Capitalism?
BY MARK W. HENDRICKSON
During the past few years, there have been multiple reports of surveys and polls indicating that people are down on capitalism and may...
AOC’s Anti-Billionaire Animus Is a Threat to Us All
BY MARK W. HENDRICKSON
Last , in a Martin Luther King Day public interview, writer Ta-Nehisi Coates asked democratic socialist Rep. Alexandria Ocasio-Cortez (D-N.Y.) why he was...
The Pernicious ‘Living Document’ Theory of the Constitution
BY MARK W. HENDRICKSON
Recently, former Vice President and current presidential candidate Joe Biden publicly shared his vision for the U.S. Supreme Court.
First, he said...
AOC’s Ramblings Against Billionaires
BY MARK W. HENDRICKSON, THE INSTITUTE FOR FAITH & FREEDOM
“No one ever makes a billion dollars. You take a billion dollars.”
That was the punchline of democratic socialist Rep....
Thoughts About Time Will Shape Our Future
BY MARK W. HENDRICKSON
Time is one of the most fascinating and impactful aspects of our human experience. Calendars and clocks can be little dictators....
Budget Deficit Capitulation: Our Spending Problem
MARK W. HENDRICKSON, THE INSTITUTE FOR FAITH & FREEDOM
During the week before Christmas, Congress rushed a spending bill into law.
Two spending bills were introduced that Monday,...
What’s Wrong with a Tax on Billionaires?
BY MARK W. HENDRICKSON
Among the many radical economic plans offered by various Democratic presidential candidates, Senators Bernie Sanders and Elizabeth Warren have proposed an...
Climate Change: Who are the Ideologues?
BY MARK W. HENDRICKSON
Disagreements often lead to insults. When I was a kid, when one of us thought another was “all wet” (wrong), the...
Ominous Signs of Hatred in Politics
BY MARK W. HENDRICKSON
Heated rhetoric and politics go hand in hand. In today’s hyper-politicized polity, the line between heated and hate-filled rhetoric is crossed often.
This isn’t...
Current Elitist Threats to Our Republic
BY MARK W. HENDRICKSON
“Freedom is never more than one generation away from extinction.”—Ronald Reagan
“The urge to save humanity is almost always only a false-face...
The Persistence of Poverty: Another Perspective
BY MARK W. HENDRICKSON
Poverty in the sense of acute deprivation is largely nonexistent in the United States in the 21st century
In a previous column, I...
The Persistence of Poverty
BY MARK W. HENDRICKSON
Poverty is one of the oldest problems in the world. For much of history, it was intractable and grimly inevitable. Today,...