Free Markets

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The ABC of a Market Economy

Free MarketsU.S. EconomyInterventionism

Blog12/04/2019

This immense cooperative system is known as a free-market economy. It was not consciously planned by anybody. It evolved.

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The Instability of Markets Is Not Nearly as Bad as the Instability of Government Policy

Free MarketsInterventionism

Blog11/20/2019

Many advocates claim government intervention is necessary because markets are too unstable. The real instability, however, comes from the immense uncertainty over what government will do next with its vast and arbitrary power.

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Socialism Is the Greatest Threat to the Environment

The EnvironmentFree MarketsSocialism

Blog10/08/2019

There are only two ways to solve environmental challenges: competition and technology. That requires capitalism, not the government.

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No, Capitalism Doesn’t Threaten Humanity

Big GovernmentThe EntrepreneurFree Markets

Blog10/04/2019

Anti-capitalist promoters of "climate justice" ignore all of the evidence of capitalism’s benefits staring us in the face.

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The Difference Between Regulated Markets and Free Markets

Free MarketsInterventionism

Blog10/02/2019

What exchanges take place, and which do not, is affected by how markets are regulated. Black markets and regulated markets have different outcomes than free markets.

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Rothbardian Welfare Economics

Free MarketsOther Schools of ThoughtPhilosophy and Methodology

Blog09/24/2019

Rothbard’s work on welfare economics probably ranks among his least-known achievements, but it is truly a tour de force and another tribute to his great originality and talent as an economist.

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Technological Innovation Is Nothing to Fear

Free MarketsCalculation and Knowledge

Blog09/21/2019

Robots are not fundamentally different from other labor-saving innovations, and there's no reason to believe increased innovation will lead to mass unemployment or mass poverty.

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Walmart's Healthcare Experiment Has Begun, It May Be A Game Changer

Free MarketsHealthU.S. Economy

Blog09/17/2019

Here we see two rival strategies to marketing healthcare services. The status quo is based on insurance payments and price secrecy. Walmart's strategy is based on price competition. 

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What Adam Smith Missed in His Understanding of the Division of Labor

The EntrepreneurFree MarketsOther Schools of Thought

Blog08/26/2019

Population growth and specialization are not enough to make economies grow. The key ingredient is entrepreneurship.

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New Study Defending NYC’s Minimum Wage Law is Fake News

Free MarketsLabor and WagesU.S. Economy

Blog08/13/2019

Last week Business Insider referenced a study to defend NYC's minimum wage law. Neither holds up well upon any sort of serious analysis.

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