Free Markets

 If we wish to limit the power of the state, the state’s death penalty may be a good place to start.

Water is distributed in the West not by markets and market prices, but by the political process.

Most economists and policy analysts seem to have a superficial reading of economic variables.
 

Chadwick believed in incentive-based social reform. He also wrote about moral hazard problems, anticipating many insights of contemporary economics.

Reason has demonstrated that, for man, the most adequate means of improving his condition is social cooperation and division of labor.

No government planner can compete with the resource allocation efficiency of a market system.

Americans’ right to a jury trial does not imply that drafting jurors is the best way to provide that right.

Painful lessons are avoidable when business plans and policies do not violate economic laws and when governments do not interfere.

This is yet another case where government interference in the market produces unintended results.

Today, under the influence of Keynesian economists who champion government spending and high levels of consumption, thrift has been devalued.