Free Markets

The market may not give us a perfect world, but market-based thinking can get us closer to the best possible world on which no amount of central planning could possibly ever improve.

Government subsidies mean that there will be more production in the geographic space defined by the GO Zone, but this is not net new production.

The ideal solution would be to completely privatize federal lands, so that the decision of whether or not to drill would no longer be a political one.

Refusal to substitute dispassionate analysis for moralistic anticapitalistic crusading is unfortunately likely to lead us backward rather than forward.

Fannie and Freddie are going to be bailed out by taxpayers, I told the host, and the resulting inflation will make a weak dollar weaker and prop up corrupt banks that market forces would otherwise force out of business.

The price system is a system of action, not words. It is decisive and takes responsibility.

ExxonMobil, lacking access to countries amenable to oil exploration, has invested less in finding new oil in 2007 that it did back in 1981.

"Buy local" is, at its logical limit, a prescription for poverty and starvation.

A corporate tax is really a tax on shareholders, customers, or employees of the firm.

Recessions are a great time to appreciate anew the importance of economic logic to our lives, to celebrate the contribution of market production, and to seriously reevaluate the merit of big government that we permit to thwart the prospects for a speedy economic recovery.