As Joseph Schumpeter noted, markets need “creative destruction” to survive and advance. However, Europe‘s Digital Market Act (DMA)—while written to ostensibly protect competition—gives the digital economy uncreative destruction.
Amy LePore joins Bob to talk about FEMA's poor track record in recent disasters but also going back to Hurricane Katrina.
Nigeria has large oil deposits, educated people, and much economic potential. However, thanks to government intervention, Nigeria‘s promising economy is in shambles and no relief is in sight.
Critics of free markets claim that the 1980s and 90s were near-pure laissez-faire when, in reality, the regulatory state only got stronger.
While the US Constitution made the US a large free trade zone, prohibiting states from erecting trade barriers against each other, it also empowered the central government to erect tariffs on goods imported from outside the country.
Wage differences between men and women often are automatically attributed to sex discrimination against women. However, as research has shown time and again, other factors are at work.
Birkin bags are pricey and the producer restricts its potential buyers. Unfortunately, disgruntled customers who don’t want to follow the company’s rules are now appealing to US antitrust law.
Progressives blame the free market for insulin prices and want to impose price controls. But, government regulation is to blame.
Government education is a self-perpetuating monster and has been for a long time. While parents and organizations seek accountability, the dynamics driving government education point to a powerful and unaccountable bureaucracy that serves its own interests.
