When State-Subsidized Industries Attack
The corn, sugar, and ethanol industries in the US are all part of a complex system of government subsidies and other favors, writes Dave Albin.
Interventionism
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When State-Subsidized Industries Attack
While the state supports of industry may have seemed like gifts at the beginning, the distorted framework of the government-directed economy makes everyone worse off.
The War on Drugs Is Not Like The War on Poverty
The poverty rate is not declining, and people continue to buy and sell drugs.
Labor Unions Are Anti-Labor
Labor unions work to prevent increases in the productivity of workers, which is ultimately the only way to increase real wages, writes George Reism
Hollywood and the State: A Longtime Partnership
Not content with just the movie industry, the US government has also turned to the video game industry in more recent decades.
Review of Making Sense of Social Security Reform, by Daniel Shaviro; Is Social Security Broke? by Barbara R. Bergmann; Administrative Aspects of Investment-Based Social Security Reform, edited by John B. Shoven
The cognoscenti behind the Bush (Campaign 2000) proposal call their plan “privatization.” Privatization, as typically understood by economists, means the transfer of capital ownership and resource allocation
Management versus Ownership: The Road-Privatization Debate
To build a roads system, an administrative price mechanism—commercialization—may yield some solutions to the problems of public roads but it gives rise to other problems
New Perspectives on the Economic Approach to Bureaucracy
Bureaucracy may denote either a means of management, or a particular kind of organization. Characteristics of such organizations include the existence of a discretionary budget
Ludwig von Mises on the Gold Standard and Free Banking
George Selgin and Lawrence White have sought to tie their modern free banking school to the views of Ludwig von Mises. Whatever the validity of their own views on the gold standard
