and Gatt. They embrace different theories of how the U.S. should conduct trade policy. The “bilateralistists” think that the U.S. should negotiate trade with one “them” (Asia and Europe), which would allow “us” to compete and win in the global competition for resources and markets. The point of Nafta was to allow “us” (which
Stakeholder advocacy is not a principled ideology. Rather, it’s a jumble of policies forged out of resistance to the growing powers of free markets. But put these competitively disadvantaged groups together and they signal far more trouble than the virtually any platform they believe offers protection from plant relocations and competition. When Senator Jeff Bingaman introduced the idea of the R-Corp (R for
to make this and install that, but it cannot solve the problem of how to resolve competitive uses of resources. That is only possible in an exchange economy. This of society at the least possible cost. It does this through exchange, cooperation, competition, entrepreneurship, and all the institutions that make possible Our age is dominated by the state and its errors in both domestic and foreign policy. The state has given us recession and war, while liberty has given us
and money, financial self-interest and the profit motive, the freedoms of economic competition and economic inequality, the price system, economic progress, and a succinctly in a series of lectures which were published posthumously as Economic Policy: Thoughts for Today and Tomorrow. He notes that “this is the fundamental
to the greenback at undervalued rates. Mean currency values keep Asia’s exports competitive, supporting the rapid growth that underpins its economic success. At the fall in the dollar than what has already occurred thus far. The downside of this policy is that as Asian central banks purchase dollars and dollar-denominated debt the last leg out from under the dollar? Besides incurring a diminution in export competitiveness, the latter option threatens to wipe billions of dollars off Asian
permanently, but we also need to understand how Big Oil manipulated U.S. foreign policy in pursuit of profit. The war in the Gulf was a war against the competition with the partial purpose of knocking Baghdad out the world oil market.
exercise preferences of a population. Another argument commonly used in healthcare-policy debates is that there are almost 46 million people who have no health on production. Holders of pharmaceutical patents are free of the strictures of competition when deciding the price at which to sell the drugs they produce. In of a generic competitor the brand cocktail cost over $10,000. Once generic competition was introduced, the price rapidly dropped to $712. The dramatic
Northern Securities Company, a stock holding company which supposedly suppressed competition of western railroads. And note: Roosevelt’s “trustbusting” always had an ardent outdoorsman, and his actions to “preserve” American wilds led to more bad policy. He expanded the national forest system, hiring the socialist Gifford Pinchot
account that covers the full range of the Obama administration’s economic policy. Readers stirred to anger by the simpleminded statism of Paul Krugman will be the 1950s and even the 1960s . One major change has been increased international competition between countries over taxes. For investors in international capital
It makes sense from his point of view. Like most big business, GM does not welcome competition from abroad, however much it’s spurred product improvements over the trade “has inflicted more pain on this nation than any other political or economic policy,” says Stelzer, pushing the federal government itself way down the list. It is
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.