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Singapore’s Greatest Resources Are Location and Liberty

Singapore is rightly heralded as a beacon of economic success and one of the freest economies in the world today, placing near the top of economic freedom indexes. Sizing up to only about two-thirds of New York City, the country is but a speck on the world map. Casually referred to as a ‘Little Red…
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Is Singapore a Libertarian Paradise?

Singapore is a young country, having only gained independence from the British in 1965. Since then, the country has been ruled solely by the People’s Action Party (PAP), headed by the revered statesman Lee Kuan Yew who is often credited as the “founding father” of Singapore. He passed away at the age of 91 in…
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Truth and Myth on the Gender Pay Gap

There are myths on both sides here, and taking steps toward gender equality requires an honest accounting of the economic and social facts. The ongoing battle over gender equality has turned the question of the relative pay of women and men into quite the political football. Over the last few years, defenders of markets, including me, have…
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There is No Such Thing as Trickle-Down Economics

Critics of liberalism and the market economy have made a long-standing habit of inventing terms we would never use to describe ourselves. The most common of these is ‘neo-liberal’ or ‘neo-liberalism’, which appears to mean whatever the critics wish it to mean to describe ideas they don’t like. To the extent the terms have clear…
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We Didn’t Humanise Markets, Markets Humanised Us

Over Labour Day weekend, I saw many friends arguing that labour unions and government intervention “humanised capitalism” by giving us the 8-hour workday, the 40-hour workweek, ending child labour, and so forth. Unfortunately, these folks have their history backward. We didn’t humanise capitalism, it humanised us. The wealth produced by capitalism allowed us to indulge…
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Capitalism Is Good for the Poor

Critics frequently accuse markets and capitalism of making life worse for the poor. This refrain is certainly common in the halls of left-leaning academia as well as in broader intellectual circles. But like so many other criticisms of capitalism, this one ignores the very real, and very available, facts of history. Nothing has done more…
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