Free Markets

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.

When government police fail to provide adequate protection, people turn to private security.

Peter G. Klein discusses the demise of Blackberry and how the market, not regulators, should pick technology winners and losers.

 What are the benefits a country reaps from immigrants flowing in? Instead of lamenting immigrants we should be welcoming them. The immigration debate, whether it occurs in Saudi Arabia, the United States, or even Canada, really boils down to answering a simple question: Do we want
    to import workers or goods?