Free Markets

Displaying 11 - 20 of 3239

The Problem with Public Transit

Bureaucracy and RegulationEconomic PolicyFree MarketsCalculation and Knowledge

Blog08/11/2023

Much of government-owned transportation destroys rather than adds to wealth. The lack of a sound system of economic calculation is to blame.

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Voting with Their Feet: The Lure of Migration

Free MarketsImmigrationPaternalismPhilosophyStrategy

Blog08/10/2023

People migrate for many reasons, including moving to a better economy and escaping political persecution. But one thing is certain: people are going to vote with their feet.

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The Simplicity and Significance of Mutual Economic Exchange

Economic FreedomFree MarketsPraxeology

Blog08/01/2023

The simplest action of economics—beneficially mutual voluntary exchange—is also its most profound. People serve each other while improving their own lot in life.

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Socialism Cannot Work, Not Even in an AI-Driven Economy

Free MarketsSocialismMonopoly and Competition

Blog07/29/2023

Some are claiming that AI can make socialism workable, but even AI cannot take the place of entrepreneurial economic calculation.

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To Smoke or Not to Smoke: The Cigarette Economy in Postwar Germany, 1945–48

Bureaucracy and RegulationEconomic PolicyFree MarketsU.S. HistoryWar and Foreign PolicyWorld History

Blog07/08/2023

Postwar Germany was occupied, in ruins, with an economy in chaos. Germans were reduced to using cigarettes supplied by American GIs as money.

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The Problem with Belloc's Distributist Economy

Economic PolicyFree MarketsOther Schools of ThoughtPhilosophy and Methodology

Blog06/30/2023

The "distributist" theorists Chesterton and Belloc imagined that economic interventionism could make life easier and more free. Yet their proposed system is neither moral nor practical. 

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Do Boycotts Really Work? Another Look at the Bud Light Situation

Cronyism and CorporatismFree MarketsStrategy

Blog06/27/2023

Some conservatives are upset because the new best-selling beer is owned by the same company that owns the beleaguered Bud Lite. Actually, they should have no problem with that.

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Rich Country, Poor Country. Why the Differences?

AntipoliticsEconomic FreedomFree MarketsProtectionism and Free TradeWar and Foreign PolicyWorld History

Blog06/23/2023

Leftists claim that developing nations are poor because Western nations once practiced colonialism. The truth is that empires do not foster economic growth.

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Unleashing the Power of Greed: How the Free Market Propels Progress

Economic FreedomFree Markets

Blog06/23/2023

As long as scarcity exists, there will be greed. Thank goodness free markets enable greedy people to serve others.

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Can We Understand AI? A Response to Jordan Peterson’s Podcast

Bureaucracy and RegulationFree MarketsLaw

Blog06/01/2023

All too often, when we see a new technology we don't understand, our natural inclination is to condemn it. Artificial intelligence is no exception.

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