Politicians sell business regulation as benefiting consumers. In reality, as we saw from airline regulation, the system creates cartels that shut out consumers and benefit regulated businesses.
The modern way of dealing with criminal behavior has been mass incarceration, yet crime abounds. Murray Rothbard believed that restitution and other methods were superior to the present state-run system.
We are told ad nauseum that the capitalist system runs on greed. In reality, a successful economy depends mostly upon trust.
From the sixteenth century to today, techno-asset inflation is found where monetary inflation and technological revolution interact to produce virulent asset inflation.
A brief episode of competition in the early telephone industry demonstrates that, even when hampered, competitive pressure challenged the state-created telephone monopoly. Exploring this territory allows us to imagine the possibilities of what could have been in true a free market.
How socialists learned to work through institutions instead of throwing up barricades. It seems that America’s “democratic” socialists are repeating the same strategy.
A common misconception about the French Revolution is that it was some sort of classical liberal or libertarian revolution.
After the death of Jason Arday, it is appropriate to examine the academic system in higher education and see why we should not expect it to change.
Modern monetary theory is an idea and an inchoate theory that lacks serious defenders.
The backlash against automated license plate readers is not really about traffic cameras. It is about a public that no longer assumes the people in charge are acting in good faith.
