Interventionism

People are tempted to think we need government regulation and intervention in product safety.

There is no general social benefit from government spending regardless of how it is financed.

The economic historian views government regulation through the lens of cronyism.

Economic mythology said governments must regulate markets to prevent monopolies. In reality, it is the government regulation itself that creates monopolies, which do not emerge in free markets.

Economic mythology said governments must regulate markets to prevent monopolies. In reality, it is the government regulation itself that creates monopolies, which do not emerge in free markets.

While President Biden’s inflationary economy continues to falter, the president proposes to outlaw bank overdraft fees, ostensibly to help lower-income Americans. Bank fees, however, are not the biggest threat consumers face; inflation and intervention are the real threats.

The current explosion in rental and home prices is the direct result of government intervention aimed at making it easier to buy a house. Mises wrote that government intervention into the market tends to make things worse. He was right.

If we could abolish public schools and compulsory schooling laws, we would have better schools at half the price—and be freer too.

While capitalism gives rise to prosperity and freedom, the state thrives on an economically ignorant public.

Reich, Elizabeth Warren, and other leftists never address the root cause of what they correctly diagnose as excessive corporate power: the Federal Reserve.