This column by ACRU General Counsel Peter Ferrara was published on July 7, 2014 on Forbes.com.

Before America dropped off the gold standard in 1971, long term real economic growth averaged nearly 4%. At that long term growth rate, our economic production would more than double after 20 years. After 30 years, GDP would more than triple. After 40 years, a generation, total U.S. economic output would nearly quadruple.

Nothing could be more important for the middle class, working people, and the poor, then reestablishing that long term rate of economic growth. Yet, Obama and his economic policies have America limping along at barely half […]

This column by ACRU Policy Board Member and Professor of Economics Dr. Walter E. Williams was published July 9, 2014 on Townhall.com.

During last year’s budget negotiation meetings, President Barack Obama told House Speaker John Boehner, “We don’t have a spending problem.” When Boehner responded with “But, Mr. President, we have a very serious spending problem,” Obama replied, “I’m getting tired of hearing you say that.” In one sense, the president is right. What’s being called a spending problem is really a symptom of an unappreciated deep-seated national moral rot. Let’s examine it with a few questions.

Is it moral for Congress to forcibly use […]

This column by ACRU Policy Board Member and Professor of Economics Dr. Walter E. Williams was published July 2, 2014 on Townhall.com.

A couple of years ago, President Barack Obama, speaking on the economy, told an audience in Osawatomie, Kansas: “‘The market will take care of everything,’ they tell us… But here’s the problem: It doesn’t work. It has never worked… I mean, understand, it’s not as if we haven’t tried this theory.” To believe what the president and many others say about the market’s not working requires that one be grossly uninformed or dishonest.

The key features of a free market system are private […]

This column by ACRU General Counsel Peter Ferrara was published on June 21, 2014 on Forbes.com.

Alexander Hamilton was America’s first Secretary of Treasury under President George Washington. When he first entered office in 1789, America was an agricultural nation of just 4 million still broke from its financially costly victory over the British Empire in the Revolutionary War.

The states had accumulated relatively massive debts to finance that war, which mostly remained unpaid. The United States did not even have a national currency, with Spanish coins still in wide circulation and use. Steve Forbes explains in his recently published definitive work, Money: How the […]