Interventionism

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Llewellyn H. Rockwell Jr.

On the face of it, who can object to the Supreme Court's decision that permits wine consumers to buy directly from out-of-state wineries? This is just the free market at work. The state laws that prohibited the practice were nothing but a legal leftover from prohibition days and a mercantilist privilege granted to politically powerful distributors who thought only of their monopoly.

Christopher Westley

Many economists mistakenly believe taxation can be good for economic growth, that war can buck up prosperity, and that even natural disasters can spur wealth creation by causing people to spend. All of this is fallacy because it fails to consider the costs of destruction, the alternative use of resources, and the unseen effects of diverted uses of property.