Monopoly and Competition

Some are claiming that AI can make socialism workable, but even AI cannot take the place of entrepreneurial economic calculation.

Too many economic commentators claim that monopolies are the cause of inflation. Austrian economic analysis shows that this is impossible.

Some are claiming that AI can make socialism workable, but even AI cannot take the place of entrepreneurial economic calculation.

Ineffective teaching, the enrollment cliff, stifled academic discourse, and government driving up tuition.

Government attempts to limit “monopoly power” cannot improve well-being.

South Africa is suffering from rolling blackouts and other power outages. These could be avoided if the government would permit competition in electricity markets.

The presence of a "natural monopoly" is supposed to be a sufficient reason for government to intervene in the economy. But what if there truly is no such thing as a "natural monopoly"?

South Africa is suffering from rolling blackouts and other power outages. These could be avoided if the government would permit competition in electricity markets.

Mises in 1926: Public opinion always wants "easy money," that is, low interest rates. But it is the very function of the note-issuing bank to resist such demands, protecting its own solvency.

Hunter Hastings joins Jeff for a thoroughgoing discussion of how monetary and fiscal policy distort capital markets and create perverse incentives for financialization rather than real production.