Free Markets

The 2015 F.A. Hayek Memorial Lecture.

In my recent article on net neutrality, I explained that more FCC control of the internet merely invites more control from powerful interest groups. Now, we know more about which interest groups are presently exercising power since, as The Daily Caller notes, the FCC regs favorably cite the anti-free-market left-wing Soros-funded group "Free Press" 62 times. 

Jason Jewell discusses a recent book in which his writing is featured: Christian Faith and Social Justice: Five Views.

In recent years, some economists, contrary to long-established and widely-accepted economic theory, have been claiming that increases in the minimu

I just returned from the Austrian Student Scholars Conference at Grove City College and boy, I was impressed.

Once upon a time, the Chinese were the enemies of private property rights and free markets, and the Americans were the enemies of the Chinese and purported to cherish the institutions that the Chinese hated. Today no such clear-cut difference exists. If anything, today’s Chinese in high places seem to be more inclined to say kind words about private property rights and the free market than are comparably placed Americans.

Legalizing recreational marijuana has begun. Marijuana for medical use is already legalized in twenty states. Marijuana is not a gateway drug as it has been viewed for almost one hundred years. Begin to be more afraid of government and current legal drugs, like prescriptions.  Legal free markets in drugs would be incredibly beneficial. Here are ten ways to imagine such a free market.

Mark Thornton comments in WND's article on recent cyber-security breaches. Thornton notes that, when breaches do occur, "Most, if not all of the time, the customer isn’t harmed; it’s the company that’s harmed. As a result, banks and retailers seek out enhanced security so criminals are less likely to be able to detect patterns.”

Free markets have provided an abundance of goods and comforts for even low-income households.

Free markets have provided an abundance of goods and comforts for even low-income households. But constant government intervention in the work, lives, and incomes of the poor continues to create many barriers to economic success.