Monopoly and Competition

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.

Jeff and Bob break down the good, bad, and ugly behind Elon Musk's purchase of Twitter.

Among Mises's contributions was his doctrine of consumer sovereignty in a free market.

Higher education signaling, grade inflation, federal aid and student debt, free speech, and university bureaucracy.

Neoclassical economists have a rigid view of monopoly producers. Austrians recognize that the only monopolies that create problems have been nurtured by government intervention.