Contrary to popular belief, regulatory agencies do not improve the quality of our lives, nor do they provide safety or security. They need to be abolished, as free markets provide their own effective forms of regulation.
Patrick Barron
Patrick Barron is a private consultant to the banking industry. He has taught an introductory course in Austrian economics for several years at the University of Iowa. He has also taught at the Graduate School of Banking at the University of Wisconsin for over twenty-five years, and has delivered many presentations at the European Parliament.
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Regulatory agencies are not needed and actually retard whatever good they are supposed to prevent or mitigate. I will give three examples in this essay. The Centers for Disease Control The underlying...
For most Americans, the debate is about what size the welfare state should be. But why is there a welfare state at all?
