Bureaucracy and Regulation

Like new money, knowledge spreads unevenly through the economy in a kind of Cantillon effect. Here's what that means for different market actors

As much as we may wish to substitute government edicts for markets, the fact is no amount of government control can overturn the realities of economic law.

Mayor Lori Lightfoot chided businesses for not doing enough to protect themselves from theft. But Chicago's government does a lot to prevent private businesses from doing this.

With new mask and vaccine mandates, New York's Governor Kathy Hochul has reaffirmed the state’s status as the nation’s most zealous practitioner of covid cultism.

Workers should have the freedom to take their time off when they need it most. Official government holidays don't actually mean more time off. They just mean less flexibility.

Regulatory powers have enabled government agencies to push vaccine mandates in new ways. But the welfare state also offers many ways to "encourage" compliance from nearly everyone. 

A lot of economic policy is based on "economics" which makes assumptions that have very little to do with actual reality.

Mayor Lori Lightfoot chided businesses for not doing enough to protect themselves from theft. But Chicago's government does a lot to prevent private businesses from doing this.

With new mask and vaccine mandates, New York's Governor Kathy Hochul has reaffirmed the state’s status as the nation’s most zealous practitioner of covid cultism.

Regulatory powers have enabled government agencies to push vaccine mandates in new ways. But the welfare state also offers many ways to "encourage" compliance from nearly everyone.