While public broadcasting has existed in the United States since the early 20th century, today’s iteration of public broadcasting was created by the Public Broadcasting Act of 1967. The Act, which was envisioned to,...
Socialism
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Building upon President Franklin Roosevelt's New Deal during the Great Depression, in the mid-1960s President Lyndon B. Johnson created the "Great Society." Under that name, social and economic legislation was passed...
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No one disagrees that health care reforms in the United States aren't needed to bring costs under control, while still providing maximum coverage for people. Legislators and presidents have spoken for decades of...
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Are business and entrepreneurship fundamentally a positive force in society? This question has been debated for nearly as long as commercial activity has existed.
Throughout history, business has played a crucial part in the growth...
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Prices, and the personal freedom to set prices, make an ordered market economy possible.
Prices coordinate economic activity in three major ways:
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