Free Markets

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Does the Free Market Corrupt People?

Free MarketsPhilosophy and MethodologyPrices

Blog06/19/2020

Michael Sandel doesn't like capitalism. But he can't seem to manage an economic argument for why. He's content to claim that capitalism is morally corrupting, converting anticapitalism into a sort of pseudoreligious faith.

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Why "Public Goods" Don't Justify Government Intervention

Free MarketsInterventionismMonopoly and Competition

Blog06/11/2020

Economists have long tried to use the idea of "public goods" as justification for a wide variety of government interventions. But there is no objective measure for what's a public good and what's not.

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The Japanese Love of Keynesian Economics Might Finally Be Coming to an End

Free MarketsGlobal EconomyTaxes and Spending

Blog05/20/2020

Decades of Keynesian policy have crippled the Japanese economy. Only a turn toward free markets offer a real way out.

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Deregulation Is the Path to Increasing the Supply of Medical Services

Bureaucracy and RegulationFree Markets

If we're serious about increasing the capacity of our medical institutions, free trade and deregulation offer real solutions.

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A Protest from France

Big GovernmentDecentralization and SecessionFree Markets

Blog04/30/2020

The lockdowns of the past month have not been conducive to the common good. While they have saved the lives of many people, they have also endangered—and are still endangering—the lives and livelihoods of many others. They have created a new and dangerous political precedent.

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How Markets Price a Pandemic—and How They Lower Risk

Free MarketsHealthWar and Foreign Policy

Blog04/24/2020

Regardless of government actions, many consumers, workers, and producers may seek changes that reduce exposure to disease in the workplace. The best way to do this is through markets.

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Free Trade Brings More Foreign Investment into the US. That's a Good Thing.

Free MarketsProtectionism and Free Trade

Blog04/09/2020

Politicians and pundits have a blind spot when it comes to international economic transactions. They ignore a portion of trade! In particular, they ignore trade in claims on future income—that is, stocks and bonds.

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In a Crisis, the Most Innovative Entrepreneurs Make the Most Money. That's a Good Thing.

Free Markets

Blog04/01/2020

It is precisely during a crisis that private property, the price mechanism, and the profit and loss system are most important, and when the government can do the most damage.

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The Noncrime Known as "Price Gouging"

The EntrepreneurFree MarketsPrice Controls

Anti-price gouging laws mean that those who really end up getting the short end of the stick are those who don't have the time or the means to beat the crowds to the store. Worse off are those of lesser means who rely on public transportation or walking to transport groceries home.

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Why We Need Free Markets To Fight Pandemics

Free MarketsHealthPrice ControlsPrices

Blog03/23/2020

What needs to be done in such a crisis is not to attempt to steer the market to ensure it provides what is needed, but to let it free to do what it always does: match the goals of entrepreneurial producers with the needs of the populace.

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