The owners of private roads, those few in the know knew, would provide better roads at lower cost than Leviathan ever could.
MARKETS
Don’t Ask ‘Who Will Build the Roads?’ Ask ‘Do We Even Want Roads?’
What unseen effects did the “small present good” of a $558 billion highway network mask?
Microsoft-Activision Meger: Will Antitrust Undermine the Future of Online Gaming?
The future of gaming won’t be determined by the Microsoft-Activision merger. But it could very well be undermined if the FTC succeeds in blocking the merger.
Individuals, Not Government Subsidies & Tariffs, Have a Comparative Advantage at Improving Comparative Advantages
There is no plausible case to be made that for us Americans to improve our comparative advantages, we need the government to protect any of us from foreign competition, other than the protection of individual rights.
Wage and Price Controls Are Not the Answer to Inflation
Reinforcing what economic theory tells us, evidence of the harm of price controls abounds in history, from the infamous 303 A.D. Edict of Emperor Diocletian in Ancient Rome to America’s 1970s gasoline price controls and, perhaps most infamously, New York City’s disastrous eight-decade-long experiment with rent control.
Unfair Labor Practices? Why Don’t You Go Somewhere Else?
Unionized workers effectively form a cartel that would be illegal under antitrust laws as an obvious “restraint of trade” if unions had not been specifically exempted from the rules.
State Investing, Not ESG, Is the Political Problem
The problem isn’t so much that a company takes ideological considerations into account in its business practices so much as that governments — such as state-run pension funds — are imposing ideological agendas on businesses via this financial control.
Prices and Costs of Production in a Free-Market
In a free market, the prices of products tend to be governed by their costs of production.
The False Face of SBF, FTX, and ESG
FTX and its subsidiaries, guided by SBF, had as much to do with “building a flourishing future” as ESG does with “creating a livable planet.”
Proud to be a Real Estate Investor
Investors should be proud of what they do.
Modern-day Luddites
Modern-day Luddites oppose a different type of progress—gentrification.
Preservation vs. Affordable Housing
Historic preservation is a pretense for dictating how others may or may not use their property.
Money Creation, Then And Now
One good way to understand the current monetary system is to gain a basic understanding of banking history.
U.S. Government’s War on Savings
The U.S. government has long been waging war on savings, making it the cause of, rather than the solution to, low savings rates.
Wage Rates Under Capitalism
In a free market, within the limit of his abilities, each person chooses that job which he believes offers him the best combination of money and nonmonetary considerations. In so doing, he simultaneously acts for his own maximum well-being and for that of the consumers who buy the ultimate products his labor helps to produce.
Privatize Disaster Relief
The better approach to disasters relies on private initiative, markets, and insurance instead of ineffective government bureaucracies and bloated budgets. Every aspect of disaster relief can be privatized, or rather re-privatized, and should be, if policymakers want to save lives and money.
Foreign Investment: Protectionism vs. Industrialization (5 of 5)
The prerequisite for more economic equality in the world is industrialization. And this is possible only through increased capital investment, increased capital accumulation. You may be astonished that I have not mentioned a measure which is considered a prime method...
Commodity Speculation in a Free-Market
Speculative activity, of course, is not limited to anticipating just future scarcities. Rather, it seeks in general to balance consumption and production over time by accumulating stocks of commodities and regulating their rate of consumption.
Ludwig von Mises: Defender of Capitalism
Ludwig Von Mises is important because his teachings are necessary to the preservation of capitalism and thus of civilization.
Incentivizing Bad Behavior: HUD, Freddie Mac, and Fannie Mae
To this day, private companies are castigated for “predatory lending.” Yet, it was government policy that incentivized loans to those who couldn’t afford to repay them.
Defending Grocery Stores’ “Excess” Profits
We should celebrate, not resent, the grocers’ profits.
Foreign Investment: The Problem of Domestic Capital Accumulation (4 of 5)
What is lacking in order to make the developing countries as prosperous as the United States is only one thing: capital-and, of course, the freedom to employ it under the discipline of the market and not the discipline of the government.
California Government’s Myopic Antitrust Action Against Amazon
Amazon has made its platform so attractive to third-party merchants that large numbers of them willingly pay a premium in order to continue to use Amazon’s platform.
Racism and Housing
Widespread racism can only occur when government mandates it.
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