Free Markets
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Smart Contracts Provide an Alternative to Legal Enforcement
This is the second in a series of three articles about blockchain-enabled “smart contracts” and their ability to address retail fraud.
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Free Markets Reduce Consumption Inequality
We’ve heard that “there ain’t no such thing as a free lunch.” But in the internet age, free stuff abounds.
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Beware the Lure of Social Engineering
Human dignity, autonomy, and social cooperation are best left to the tender hands of politicians and bureaucrats. Not!
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What the Market Economy Really Is
What is a market economy? We often talk about it as though it were a thing, perhaps a machine or a vehicle. Business reporters say it heats up or cools […]
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Another Court Blow to Freedom
The free market — indeed, a free society — is founded on individual rights, including the right to one’s justly acquired property. If the government’s rules regarding the use and disposal of property are “flexible,” a free society is doomed.
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Privatization Is the Best Infrastructure Program
President Trump has begun to flesh out his promise to rebuild America’s infrastructure. His planned “massive investment … will be matched by significant private, state, and local dollars,” Trump said […]
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Mandated Paid Family Leave Harms Its Intended Beneficiaries
Business decisions should be made in the marketplace, not in the halls of government.
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Competition: Just What the Doctor Ordered
By now we should have figured out the cure for what ails the American health care system: a regimen of unadulterated competition. It’s just what the doctor (of sound economics, that is) would order.
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Leszek Balcerowicz: The Anti-Bernanke
As an economic crisis manager, Leszek Balcerowicz has few peers. When communism fell in Europe, he pioneered “shock therapy” to slay hyperinflation and build a free market.
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Book Review: John Allison’s The Financial Crisis and the Free Market Cure
Allison is nothing if not an expert on banking and finance, and having witnessed up close the 2008 financial crack-up that rendered so much of his competition insolvent, he’s written an essential book on the causes of a financial crisis that he unapologetically concludes was born by government error.
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The Everyday Price Index Continues Its Upswing
Everyday Price Index October 22, 2012 On an annualized basis, the prices of frequently purchased goods rose nearly 13 percent last month. by Julie Ni Zhu, Research Analyst, and Sarah Todd, […]
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Social Security Rises Slightly
Special Report October 5, 2012 Beginning January, recipients should see payments go up by at least 1.5 percent. But the increase probably won’t be enough to cover higher everyday prices. […]
