The Problem with Big Tech
Social media giants enjoy a cocktail of government contracts, government favoritism, and government-granted monopoly power. As a result, it will be difficult for new startups to offer much competition.
Social media giants enjoy a cocktail of government contracts, government favoritism, and government-granted monopoly power. As a result, it will be difficult for new startups to offer much competition.
People are not economic automatons who necessarily arrange their families in ways that advertisers and employers want them to.
The Eurozone's massive "green" policy plan has the EU facing high unemployment, stagnating growth, and energy bills of twice as much as seen in the US.
Today would have been the 90th birthday of Burt Blumert, a key figure in the modern libertarian movement.
The authors of this plan apparently believe that all it will take is for the government to direct massive amounts of money toward these new projects, and everything else will fall into line
While everyone was talking about the 2018-2019 United States government shutdown, the House began pushing a new bill on universal background checks for gun ownership.
Even in the heyday of liberalism only a few people had a full grasp of the functioning of the market economy.
Regardless of expectations, tampering with the economy by means of monetary policies will always undermine the foundations of the real economy.
The importance of the division of labor hardly can be exaggerated, and it is also key in understanding the process of capital creation.
While Elizabeth Warren may be correct that the system is broken, she is quite wrong in how and why it is broken — and how to fix it.