Bureaucracy and Regulation

The textbook model of "perfect competition" bans advertising, price cuts, and better products—the very things we mean by competing. Tate Fegley on why the mainstream picture of monopoly is upside down.

While many immigrants bring entrepreneurial skills, they often settle in US cities governed by leftists who are hostile to private enterprise.

Do we embrace artificial intelligence, or do we fear it? Both, actually.

While many immigrants bring entrepreneurial skills, they often settle in US cities governed by leftists who are hostile to private enterprise.

While people claim they want the "virtuous" state with citizens to match, what we really get is realpolitik, whether we want it or not.

While people claim they want the "virtuous" state with citizens to match, what we really get is realpolitik, whether we want it or not.

While we speak highly of “rule of law” and the “limited state,” the unfortunate truth is that the modern state is a law unto itself. 

While we speak highly of “rule of law” and the “limited state,” the unfortunate truth is that the modern state is a law unto itself. 

Americans are increasingly unable to afford housing. For many young people, the “American Dream” seems out of reach. In moments of economic frustration, populists on both the Left and Right rush to identify villains.

World Cup tickets are a hot commodity with prices through the roof. Naturally, governments want to do what governments always do unsuccessfully: levy price controls.