Bureaucracy and Regulation

Discussions on economic development in developing countries often overlook a critical factor: technology transfer.

Economist Robert Higgs described the “ratchet effect” in which government either creates a crisis or responds to one, leading to a permanent expansion of government power. After the crisis ends, government retreats—but not to the point where is was pre-crisis.

Jamaica has emerged as a prime destination for investment under the leadership of Prime Minister Andrew Holness. The country has fostered a business-friendly environment.

College football has finally experienced an athlete‘s holdout in order to leverage a hoped-for payday. In the case of Nico Iamaleava, he tried to leverage more money from the University of Tennessee but failed spectacularly. There are economic lessons to be learned here.

One of the arguments given in favor of tariffs is that they will enable domestic manufacturers to better compete with producers abroad. While people may believe that to be true, the problem is that tariffs don't create a good foundation for capital development.

An enduring progressive myth is that racial and religious minorities can only make economic gains if government "levels the playing field." The historical record demonstrates, however, that free markets offer the best opportunities for people in minority groups.

With many in the ruling classes violently reacting to DOGE, one figures that Elon Musk might be on the right path. He could learn much more about the dead hand of government if he were to read Ludwig von Mises.

President Trump issued separate presidential proclamations to increase tariffs to 25 percent on all US steel imports and raise tariffs from 10 to 25 percent on all aluminum imports. What are some of the unintended consequences?

Totalitarian bureaucracy necessitates a constant state of crisis and there is no better creator of crises than imperial machinations.

Phasing out the Department of Education is a step in the right direction towards an increasingly market-oriented system of education.