This article is the first part of a two-part examination of the contentious issue of how state governments' provision of goods and services to the public should be taxed under a VAT.

I learned to appreciate the American free enterprise system by quitting a job in Spain.At age 19, I dropped out of school to pursue a career as a French horn player. After a few twists and turns, I wound up in the Barcelona Symphony, which was a Spanish...

U.S. military training missions are an economical way to promote security and good governance and to support our friends and allies and prepare them to tackle these problems on their own, as well as help other countries in the region. 

Today, URL Pharma was acquired by Takeda for nearly $800M.  The story here in brief is that for hundreds of years, colchicine was used for the treatment of gout and other conditions; it was an effective drug but had to be used carefully. URL invested in the formulation development and clinical studies required for colchicine, and ultimately received FDA approval in 2009. 

In a recent piece American Enterprise Institute President and economist Arthur Brooks tackles what might be the definitive political battle of our times: the case for free enterprise. Brooks explains why free enterprise matters to the United States because it allows Americans to pursue their dreams, earn their success and be rewarded for their hard work.

Over the past several decades, a new trade paradigm has arisen, one that deemphasizes domestic, vertically integrated firms competing in end products with similarly integrated firms from other nations.  Instead, from automobiles to electronics, chemicals, and clothing, the production process has dispersed.  

There is another reason, a transcendent reason, for which free enterprise matters most—and this is the case we all must be able to make today.