It is certainly true that antitrust regulation has in the past been used as a protectionist device by punishing firms for being too good at pleasing consumers, thereby taking business away from economically inferior but politically connected competitors.
There is no such thing as perfect neutrality in the world of economics. Information flows must be rationed somehow. Do we want it rationed by the market price system, or the likes of the US Senate? That is what the future of this technical debate is all about.
There will be no more important bilateral relationship over the next century than that between the United States and China. Much depends on the ability of the two nations to overcome cultural and political differences to cooperate peacefully. The first step in doing so is for America not to go to Asia in search of enemies to combat.
Growth-management laws serve only to increase home prices and exclude more people from enjoying the benefits of home ownership. Government should get out of the way and let homebuilders provide affordable housing that will change the lives of low-income people for the better.
The idea that people can provide things for themselves either individually or through the family frightens the state. It delegitimizes its role.
There is no debate that inflation is always and everywhere a monetary phenomenon. With the Fed's policy of deliberately manufacturing inflation we are playing with fire.
One truism has never been successfully challenged: Government interventions lead to a less efficient, less well-ordered society.
Few economists have the courage to point to labor legislation and regulation as the very cause of mass unemployment.
Monetary central planning, as perpetrated by the Federal Reserve, provides the key to hollowing out and creating a pro-statist populace.
