Interventionism

Chicago now has this great new law:

What we need today is full, radical, complete, uncompromised deregulation and privatization. We need competition. What we need is the absence of legal barriers to enter the market. Many people want to avoid the topic of energy because it is technical, large, and seems too specialized. But Robert Bradley's book tells you what you need to know, from the perspective of history, economics, and politics; and it does so understandably.

I remember when I was at Walter Block’s excellent Radical Austrianism, Radical Libertarianism seminar last summer, someone asked him

Praxeology tells us that human action is rational. The case being made for state action to remedy so-called irrationalities discovered by researchers in behavioral economics and finance has no logical justification.

Allowing terminally ill people to bypass the drug testing and approval process will not create a "right to experimental drugs." It will not destroy the incentives for patients to participate in the clinical trial system. It will not make it impossible to gather scientific data on how drugs work. What it will do is allow individuals who are fully capable of rational choice to make the most important choices of all according to their own values.

My wife came across this story. A 16-year-old wit

Dr.

Good interview he

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.