Free Markets
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Why the Dramatic Decline in Crime?
For centuries, for millennia, we’ve relied on government to stop invasions of person and property. We live more safely than ever before, thanks to market-based technological improvements, not reliance on government. It was once believed that only government could provide security; this debate dates back centuries. Now we learn otherwise. We get security from the…
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The Many Delusions of Socialism Revisited
Sombart’s leftism became rightism but it was made of the same substance always: a loathing of regular people in their free choices and a longing for history to follow his own imaginings of what should be rather than what is. Such is the core of socialist ideology: a delusion rooted in snobbery and, above all…
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We Are the True Liberals
In the 19th century liberalism was used to describe the people who believed in liberty, a creed unifying the belief in free markets with the beliefs in freedom of speech and the press.
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We Don’t Need the Department of Commerce
Let business fend for itself, competitively serving consumers rather than lobbying for government privileges.
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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 down. Sometimes it even gets stuck in a ditch. But it’s not a thing subject to heating or cooling or running off a road. As…
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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 on June 8. The administration has also pledged to offer loans and grants to states and cities, and to shorten the time required to win…
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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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Free-Market Principles Would Have Prevented the Use of Force
As airlines often do, last week, United Airlines overbooked a flight. But this time, all was not well. Overbooked flights are nothing new. According to the Federal Transit Authority, U.S. airlines convinced over 400,000 passengers to give up their seat on an overbooked flight in 2016. Thousands more passengers were simply not allowed to board…
