Mark W. Hendrickson

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,...