How Rent Seeking Impoverishes Nations
So long as governments exist, it is essential that we minimize the ability of groups and individuals to use the power of the state to enrich themselves.
So long as governments exist, it is essential that we minimize the ability of groups and individuals to use the power of the state to enrich themselves.
Clearly marked prices on private-sector cash-payment surgeries are a great thing. In fact, the competition of for-profit surgery centers drives down prices at more "traditional" (i.e., highly bureaucratized) hospitals.
The ECB, always happy to repeat the mistakes of Japan, is likely to start new programs of debt monetization for green projects and claim it is a different, radical and new measure.
Bob Murphy interviews Rob Bradley, the world's leading expert in energy economics in the Austrian tradition.
The reason PG&E can get away with such outrageous mismanagement is that the California government literally guarantees them their business.
If we stick to the data, regardless of which socioeconomic indicator we choose, it seems clear that the sharp economic downturn began long before 2017.
Jeff Deist joins David Gornoski to respond to billionaire hedge fund manager Ray Dalio's recent interview on 60 Minutes.
In their war on "monopolies," Progressives like Elizabeth Warren show they don't understand the history of anti-monopoly legislation, and they also don't understand that modern day "monopolies" aren't really monopolies at all.