The Conflict Between Crony Capitalism and Market Logic
Shahin Karkhaneh reviews Cronyism: Rise of the Corporatist State, 1849–1929 by Patrick Newman and published by the Mises Institute.
Shahin Karkhaneh reviews Cronyism: Rise of the Corporatist State, 1849–1929 by Patrick Newman and published by the Mises Institute.
Trump has made his family billions by courting foreign and corporate money and accepting extravagant gifts while in office. But he didn’t bring self-enrichment to Washington, he simply made it much harder to ignore.
In this week’s Friday Philosophy, Dr. David Gordon reviews Cronyism: Rise of the Corporate State 1849–1929 by Patrick Newman.
The anti-meat movement has influenced government policy well beyond anything close to the truth about meat. From the discredited food pyramid to government funding of “lab-grown meat,” government aids the activists who are making our lives worse.
The anti-meat movement has influenced government policy well beyond anything close to the truth about meat. From the discredited food pyramid to government funding of “lab-grown meat,” government aids the activists who are making our lives worse.
Some economists are claiming that applying AI in energy markets helps to solve the Hayekian knowledge problem. They fail to take into consideration that many of the “cheaper” energy choices are heavily subsidized, thus hiding their real costs.
Critics of capitalism claim that free markets funnel wealth unjustly to the top earners. Yet, as we observe the Cantillon Effects, we can see the role of Federal Reserve policies in enriching the few at the expense of the many.
As investors become squeezed as the economy tightens, they look toward the government to provide them with even more cheap credit. Ordinary Americans are paying for these unsound policies.
The federal government heavily subsidizes certain politically-connected food growers in the name of “protecting our food supply.” Actually, the government protects the livelihood of those that promote unhealthy foods.
The federal government heavily subsidizes certain politically-connected food growers in the name of “protecting our food supply.” Actually, the government protects the livelihood of those that promote unhealthy foods.