Cronyism and Corporatism

Intellectual property laws provide another example of how government stifles innovation and competition.

The president wants to appear as a “scourge” of the ultrawealthy. But he has only been a scourge of the productive wealthy while remaining a dear ally of unproductive cronies.

The founders of the United States warned against getting entangled in foreign wars. Unfortunately, political elites today seek to expand the US empire, leaving death and destruction in their path.

Congresswomen Rashida Tlaib and Alexandria Ocasio-Cortez have introduced legislation to create government-owned banks, ostensibly to “increase accountability.” In truth, the banks would exist to fund progressive causes.

Intellectual property laws provide another example of how government stifles innovation and competition.

American political and economic elites insist that they should have authority over everyone else. As people rebel, the elites are only doubling down on their original demands.

American political and economic elites insist that they should have authority over everyone else. As people rebel, the elites are only doubling down on their original demands.

Since government regulates nearly everything, it is not surprising that regulations often prohibit the sale and consumption of raw milk. Like many other regulations, these prohibitions reflect political favoritism, not health science.

The movie Wonka is unwittingly a lesson in the dangers of crony capitalism. Willy Wonka, however, beats the odds by being a Misesian entrepreneur.

Murray Sabrin joins Bob to discuss his upcoming online course on the economics of the US healthcare system, including practical solutions.