If Punjabi farmers had been portrayed as affluent, the media would view them as greedy entrepreneurs. But leveraging the political capital of perceived powerlessness has allowed them to obscure their true status as rent seekers.
Allowing short selling increases the number of people with an incentive to discover valuable information about firms’ prospects by providing an added mechanism to benefit from information that turns out to be negative. This makes markets more responsive and honest.
Surprise! An audit of Pennsylvania's covid lockdowns reveals the process lacked any legal consistency or transparency. Yet Pennsylvania's health bureaucrats have used these arbitrary rules to crush the state's entrepreneurs.
It is partly an attempt to erase the Trump movement from the pages of history, but it is also an attempt to silence criticism of the emerging political consensus in the coming Biden era that may come from progressive or antiwar circles.
A dirty secret of congressional military spending is that when the government allocates billions in spending, unnecessary, wasteful, and parochial interests quickly find their way into the legislation.
We are witnessing the governmentalization of private industry, the turning of supposedly private enterprises into state apparatuses, and the growth of the state through putatively private extensions of it.