Corporate Welfare

The NYT is angry because the courts did not stick it to another American business, writes William L. Anderson.

People must not be allowed to get prescription medications without doctor approval — or else an entire fake industry could collapse. So the pharms, the docs, and all those who benefit from the current system banded together and instituted a medieval guild system for the digital age.

Nothing so threatened the interests of this emerging industrial order as the free play of market forces at work in an environment of legally unrestrained competition.

Bailing out Bear Sterns while letting Lehman fail, the two TARP votes, and the incessant clamor about (nonexistent) systemic risk were geared toward bailing out Wall Street firms on the wrong side of housing risk.

Government spending — whether on our current armed forces and their more than 800 foreign bases or on "green" energy and other government-favored projects — does not produce prosperity. It only diverts resources.

What is the corporate form of organization, where did it come from, how does it work, and do corporations take advantage of consumers, investors, a

The United States imposes import quotas that substantially raise domestic sugar prices, harming domestic consumers to benefit politically powerful domestic sugar producers.

In this article I'll walk through Glaeser's critical observations, most of which misfire.

The only solution to increasing costs is to eliminate government interference in the market and to allow the price mechanism to work as it should.