How Amazon Survives the State
In a world of convoluted rules, capitalism finds ways to get goods cheaply to the people who want them.
Corporate Welfare
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Hospital of Cards
The US healthcare system is a huge bubble fueled by the government's ability to borrow money at artificially low interest rates.
Chamber of Corporatism
"Free enterprise" is for the Chamber of Commerce nothing more than a talking point.
Big Business and the Market
Over the course of 4 meetings during a 2-week period, we will untangle the knot of big business and big government.
What Is Walmart’s Crime?
The NYT is angry because the courts did not stick it to another American business, writes William L. Anderson.
The Google Pharm Case
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.
The Business War against Competition
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.
The End of Sound Money and the Triumph of Crony Capitalism
The triumph of crony capitalism occurred on October 3rd, 2008. The event was the enactment of TARP — the single greatest economic-policy abomination since the 1930s, or perhaps ever. It was justified as a last-resort exercise in breaking the rules to save the system.
Op-ed Warriors Defend the Bailout
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.
Less Government, Less Economic Trouble
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.
