“Government regulation unnecessarily pushes up transaction costs. In this case, by mandating unwanted benefits, those transaction costs are so high that Uber/Lyft are choosing not to transact at all in California. This is a huge loss for Uber, Lyft, its drivers, and their thousands of customers.” ~ Raymond C. Niles
“The slogans and protests and violence all have the effect of pulling us to identify ourselves primarily by our membership in a particular group, not to identify each of us by our own unique, individual identity.” ~ Raymond C. Niles
“Populist beneficence — using funds taken from the populace via taxation and/or inflation — is a favorite tactic of authoritarian and “banana republic” governments the world over.” ~ Raymond Niles
“President Trump — and your supporters — lay off Twitter, and the other tech media platforms. All politicians of every political party should stop attacking the media and declare their support for the First Amendment.” ~ Raymond Niles
We must embrace individual freedom as the answer to this crisis. End the lockdowns, and end the collectivist approach to solving this crisis.
In contrast to Canada, which has no national restrictions against price gouging, 39 American states now have stringent laws or executive orders against raising prices during emergencies.
The extraordinary government clampdown on economic life that we are enduring — in order to preserve hospital beds and the capacity of doctors and nurses — is the result, not just of the coronavirus, but of the severe restrictions on economic activity that have made our economy brittle and poorly-suited to adapt and respond to…
We should just say no to all subsidies, especially at a time like this. The actual harm from coronavirus and the destructive government-ordered business shutdowns cannot be undone by subsidies.
It is a back-handed “endorsement” of market principles from the governor of New York, but we will take it.