A psychotherapy practice’s year-long experiment with paying every employee an equal salary has disproved the central economic thesis of socialism. Calvin Benton co-founded Spill, a British firm that offers psychological counseling via online technology like Zoom. He met another of pany’s founders a decade earlier while taking an economics class together. It’s not known whether the failure of pensation model came in spite of, or because of, their economics instructors. As Benton and his four co-workers got Spill off the...

“You’re about to meet one of the greatest minds of the past half-century,” says Jason Riley as he introduces his new documentary about economist Thomas Sowell. For once, a host’s description of his subject does not disappoint. The love of Riley, the author of the Wall Street Journal’s “Upward Mobility” column, for Sowell’s ideas shapes every aspect of Thomas Sowell: Common Sense in a Senseless World. The 57-minute documentary, which is drawn largely from Riley’s ing book, Maverick: A Biography...

The GameStop squeeze is still alive, if fading. After jumping 1,500% in a matter of weeks, the stock has dropped and stalled, with some retail investors still holding out for another surge. But while the dust has not yet settled, the popular narrative already seems to be firmly fixed: This was a battle between David and Goliath, a revolution sparked by the spunky rebels of Reddit against the hedge fund know-it-alls who have long deserved euppance. Whatever the end results,...

In the name of stamping out domestic subversion, politicians in Denmark have drafted a bill that would force clergy who preach in a foreign language to translate their sermons into Danish and send a copy to the government for review. Had they tried, lawmakers could not e up with a bill that is simultaneously so invasive and ineffective. The bill’s stated purpose is to “enlarge the transparency of religious events and sermons in Denmark, when these are given in a...

We are routinely told that rising inequality is a profoundly pernicious problem – a clear and obvious sign that the rich and well-connected continue to benefit at the expense of the poor. Whether argued by economists like Thomas Piketty and Joseph Stiglitz or politicians like Joe Biden and Bernie Sanders, the implication is clear: The government needs to play a more active and interventionist role in the distribution of wealth. But what if the reality is a bit plex, and...

The Acton Institute is not only one of the world’s most influential thought leaders, according to a new report, but our annual Acton University ranks as the best conference presented by any think tank in the world that consistently supports a free economy. The University of Pennsylvania released its “2020 Global Go To Think Tank Index Report” on Thursday. Once again, Acton ranked well in the categories with which it has e most closely identified. This year, the report feted...

With any new presidential es new policies. That’s part of the electoral calculus made by the American people every four years. Different presidents have different priorities. No one expects otherwise. That said, it’s reasonable to anticipate certain consistencies. National security policy focuses on protecting America from foreign threats; its first priority is not gender equality. Similarly the Department of Energy’s main goal is to ensure that America has sufficient energy supplies; it’s not responsible for developing educational curricula. In other...

Today with one stroke of the pen, President Joe Biden vitiated three unalienable rights. Biden signed a presidential memorandum order forcing U.S. taxpayers, including those with religious objections, to fund abortion-on-demand and abortion advocacy around the world. In 1984, President Ronald Reagan enacted the Mexico City Policy, which excluded foreign non-governmental agencies that “perform or actively promote abortion as a method of family planning” from receiving U.S. Agency for International Development funds. President Donald Trump’s Protecting Life in Global Health...