CHICAGO CREDIT DOWNGRADES MAY FORCE CITY TO FACE FISCAL REALITY

May 28, 2015

Chicago recently experienced a huge reality check. Moody’s Investors Service, Standard & Poor’s, and Fitch Ratings — the three major credit rating firms — downgraded some of the city’s debt to “junk” status. This means that the cost of borrowing is going to rise for the city, which will result in an unpopular diversion of scarce tax dollars.

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RAMPANT MEDICARE FRAUD CAN’T BE SOLVED BY LESS COMPETITION

May 28, 2015

Medicare is a colossal program, costing taxpayers $586 billion in 2013 alone. The enormous size and complexity of the program make it particularly susceptible to waste, fraud, and abuse, which is why it has for decades been in the crosshairs of the Government Accountability Office (GAO) — the federal government’s own fiscal watchdog agency. The Federal Bureau of Investigation has estimated that from 3–10 percent of Medicare expenditures are fraudulent, amounting to an alarming annual total of $17–60 billion. This has spurred stricter oversight and regulation of the program over the years.

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PANEL HIGHLIGHTS RAMPANT ABUSE OF CIVIL ASSET FORFEITURE IN MICHIGAN

May 27, 2015

The rights of property owners across the United States are under assault by the rampant use of civil asset forfeiture laws, which grant law enforcement the authority to seize property if it is suspected of being involved in a crime — even if the owner is not charged with a crime, let alone convicted. Under these laws, the property is held guilty until proven innocent, which is antithetical to the founding principles of the American criminal justice system.

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NEW BOOK EXAMINES HOW REGULATION STIFLES ENTREPRENEURSHIP, GROWTH

May 22, 2015

True economic recovery after a crisis requires widespread investment in entrepreneurial ideas, undertaken by people who see an opportunity to satisfy the needs and wants of the people around them and who are willing to stake considerable time, effort, and resources in new productive enterprise. Increasingly, however, the U.S. economy has stagnated in the years since the 2008 recession — a malaise fostered in no small part by an ever-growing web of taxes and regulations that stifle innovation. A new book from Canada-based Atlas Network partner the Fraser Institute collects five essays “that connect the dots between entrepreneurship, economic freedom, and economic growth, detailing their interrelated roles in America’s sluggish economic recovery.”

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EDUCATING GHANA’S TEACHERS IN THE IDEAS OF LIBERTY

May 21, 2015

Throughout the world, it’s important to begin introducing children to the ideas of liberty while they’re young so they grow up with a fundamental sense of the societal value of individual rights, free markets, and peace. In order for this to happen, teachers need to have a thorough grounding in those ideas first. That’s why Ghana-based Atlas Network partner Africa Youth Peace Call (AYPC) brought together educators from throughout Ghana to spend a weekend training as Teachers for Liberty.

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EMERGENCY ECONOMIC SUMMIT CHALLENGES GREEK FINANCE MINISTER ON FISCAL CRISIS

May 20, 2015

For years, Greece has been sliding further into debt and the danger of bankruptcy and default. The road to renewed prosperity requires a solid commitment from government officials to fiscal responsibility and structural reform. Atlas Network held an Emergency Economic Summit in Athens on May 19 that brought Nobel laureate economist Thomas Sargent, NYU economist Nicholas Economides, and more than 15 other economists and free-market reformers who spent the day analyzing the endemic problems with Greece’s economy and prescribing practical solutions for a fiscally sound future.

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ATLAS NETWORK REMEMBERS DR. JACK TEMPLETON AND HIS LEGACY OF FREEDOM

May 20, 2015

Atlas Network has had a long relationship with the John Templeton Foundation, which has sponsored the annual Templeton Freedom Award every year since 2004, honoring think tanks that have made an exceptional contribution to the understanding of free enterprise, and the public policies that encourage prosperity, innovation, and human fulfillment via free competition. At the center of this relationship for many years has been Dr. John “Jack” Marks Templeton, who helped lead the foundation bearing his father’s name to become “the largest supporter of innovative efforts to promote free enterprise around the globe,” in the words of Atlas Network President Alex Chafuen.

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NEW EBOOK DETAILS MARIO VARGAS LLOSA’S JOURNEY TO LIBERTY

May 19, 2015

Young people sometimes fall prey to the notion that authoritarian governments can solve societal problems, but age and experience often bring with them additional insights about public-sector incentives, institutional corruption, and the endemic failures of central planning. Peruvian Nobel laureate in literature Mario Vargas Llosa elaborates on his own journey from communism to liberty in a new ebook, My Intellectual Journey, released by Atlas Network partner Montreal Economic Institute (MEI).

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ATLASNETWORK WORLD10 NEWSLETTER

The Atlas Network newsletter features the top 10 happenings
around the world in the global freedom movement showcasing
the work of Atlas Network partners.