economic freedom

Political Freedom, Without Economic Freedom, Does Not Bring Growth

One of the most enduring questions in economics is what causes economies to grow. The full title of Adam Smith’s well-known treatise, An Inquiry into the Nature and Causes of the Wealth of Nations, published in 1776, clearly shows that the causes of prosperity were Smith’s primary concern. He concluded that free markets, the protection of private…
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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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