Entries by Samuel Gregg

China’s Economic Facade is Cracking

Estimated Reading Time: 4 minutes

Not so long ago, commentators across the political spectrum were warning us that China’s economy was set to surpass America’s. The United States needed, one Senator claimed, “a 21st -century pro-American industrial policy,” to ward off this existential threat. Such rhetoric was reminiscent of the late-1980s, when a slew of books appeared to warn Americans that, unless […]

Why Business Should Dispense with ESG

Estimated Reading Time: 7 minutes

“Milton Friedman’s shareholder doctrine is dead.” Such was the headline of a 2020 Fortune magazine article critiquing Friedman’s famous New York Times opinion piece which, fifty years earlier, had argued that the social responsibility of business is to increase its profits. The Fortune article was just one of many op-eds, academic papers, and books penned […]

Conservatives Shouldn’t Apologize for Healthy Skepticism of Big Government

Estimated Reading Time: 3 minutes

“Conservatives need to get over their allergy to government action.” That was the headline on an opinion column by Henry Olsen last week in The Washington Post. Olsen is not alone among conservatives in thinking so. Across much of the right today, there’s more openness to having the government do more in the economy. Olsen observes that […]

A Sunday Read: Monetary Lessons from Weimar Germany

Estimated Reading Time: 8 minutes

As night follows day, any significant outbreak of inflation in Western economies eventually involves an invocation of the hyperinflation experienced by Germany 100 years ago. Since mid-2021, people ranging from tech billionaires to bitcoin enthusiasts have been asking: are we headed for a Weimar hyperinflation moment? It is not that German hyperinflation was the most severe in history. The […]