The Myth of Market Failure
Mainstream economists often claim that “market failure” is everywhere. However, when one investigates these so-called failures, one has to conclude that government intervention often is behind them.
Mainstream economists often claim that “market failure” is everywhere. However, when one investigates these so-called failures, one has to conclude that government intervention often is behind them.
People joke about doctors thinking of themselves as God, but over a century of government control of medical care, the distance between physicians and those they serve has become increasingly large.
It’s finally clear to everyone that President Biden is not running the federal government. Yet the government is carrying on as it always has. It’s important to understand why.
By separating the producer-consumer relationship that is applied to private goods and services, government regulations and "oversight" has transformed higher education for the worst. It's time to restore that proper relationship.
Both environmental groups and governments are suing energy companies for allegedly causing climate change. One doubts their legal efforts will result in better weather.
Many small colleges are shutting their doors, and it is largely the fault of overexpansion, government protectionism, and bureaucratic infiltration.
For all of the claims that governments “create jobs,” in reality, government jobs come at a greater cost than any value those jobs may create. Government jobs are a burden to the economy.
Last week, Julian Assange was freed and the Chevron doctrine was overturned. These are huge wins for liberty. Not long ago, they felt completely out of reach.
The tainted blood scandal in the UK should be a warning to people about the dangers of the National Health Service. Instead, we hear endless promises of reform that never will happen.
The expansion of "civil rights" places emphasis upon "positive rights" that apply to specific groups with political privilege. This is a far cry from the concept of rights that helped build a free society in the United States.