Free Markets

The idea of government as a paternal authority, as a guardian for everybody, is the idea of those who favor socialism.

As public faith in elections falls, and politicians foist an ever greater burden on us, a true populist opposition movement may be growing.

To understand the marketplace, it is not necessary to believe in the existence of a selfish, profit-maximizing human.

Neither government-controlled trade, nor government-enforced open borders are libertarian.

As Peter Klein explains, resources in a modern economy are complex and specific — which is why we need free markets.

The development of capitalism consists in everyone's having the right to serve the customer better and/or more cheaply.

No walls, no government databases, no biometric national ID cards. But not a penny in welfare for immigrants. It is really that simple.

The success of fantasy sports is an illustration of how capitalism unleashes innovation, and how government can manage to ruin anything it touches.

The problem with the Excel spreadsheet approach is not the intentions of policymakers, but that such tools cannot possibly replace the market process.

Government schemes are powerless in gauging where comparative advantage lies, whether we are talking about trade or sports.