Interventionism

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.

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 poverty rate is not declining, and people continue to buy and sell drugs.

Labor unions work to prevent increases in the productivity of workers, which is ultimately the only way to increase real wages, writes George Reism

Not content with just the movie industry, the US government has also turned to the video game industry in more recent decades.

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

Our analysis shows that Mises’s critique of “confiscatory interventionism” is the appropriate paradigm for interpreting events in the American economy during the last third of the twentieth century.

Volume 5, No. 4 (Winter 2002)

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

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