“Oh for the days of Ma Bell!” is not a lament we’re likely to hear. And for good reason. Before the breakup of AT&T, America’s telephone system was a government-sanctioned monopoly characterized by stagnant service offerings, high costs, and a glacial pace of consumer-facing innovation. So it was distressing when a federal appeals court engaged […]
The hike to the summit of Mount Lafayette in New Hampshire’s White Mountains climbs a steep and rugged 3550 feet over 4 miles. The winter snows bury the rocks; and after a storm, snowshoed hikers pack the snow into an almost-smooth “herd path” that others can then hike with light crampons. Step off that herd […]
Prof. Deirdre McCloskey says commerce protects us because businesses know they can’t force customers to buy their products.
I do favor some role for the government. One idea for overcoming the free rider problem is mandatory health saving accounts and catastrophic insurance. (The alternative is letting people who choose not to be insured simply die when they are sick. Even if that’s the right policy, society is not willing to adopt it—so health savings accounts seem like a good second best policy.)
Capitalism—stronger than any border wall or immigration ban—remains a resilient and deeply American system.
Dr. Peter Jaworski says if it’s OK to do something for free, it’s OK to do it for money. But what about selling your own organs? What about selling slaves?
Learn how to drop the word “déblocage” into your romantic evening
Breweries will open as long as it is profitable. When taxes and regulations raise the costs of opening a brewery, we will see fewer of them.
If Super PACs had been abolished, that would have hurt Trump’s opponents. To the cynic, it should be no surprise that Trump remains critical of them.
How to evaluate the economic record of Barack Obama? To even begin answering, it’s necessary to go beyond just counting the number of jobs created during his presidency (10 million) or calculating the average growth rate (1.5%) or even looking at something more wonky like the labor force participation rate.
The key difference is not whether people are seeking to make money, but how they seek to make money.
On Friday, January 20, 2017, Donald Trump was sworn in as the 45th President of the United States. His victory in the 2016 election was a surprise to many, and his success in the so called Rust Belt made it happen. Wisconsin, Michigan and Pennsylvania all went to Trump, something that hadn’t happened for a Republican […]
Trump’s executive order is exactly the kind of high-handed coercion of states that outraged conservatives under Obama.
Prohibition was repealed more than 80 years ago, but we’re still feeling its policy hangover.
In today’s globally connected world with dynamic global supply chains for raw materials and inputs, and global marketplaces for final sales, it’s an economic fact of the modern world economy that: a) exporters are importers and b) importers are exporters.
Why is a model of education that is also profitable seen as such a bad thing?
College construction has focused more on creating non-academic than academic space, and about half of all college space today is for non-academic use.
Among the great misconceptions of the free economy is the widely-held belief that “laissez faire” embodies a natural tendency toward monopoly concentration.
Making higher education free of charge won’t make it free to provide.
Indian Prime Minister Narendra Modi stunned his country earlier this month when, out of the blue, he declared 85 percent of the nation’s currency notes null and void.
Every year the number of regulations, dictates, rules, decrees, guidelines, statutes, laws, and bylaws in the United States grows by leaps and bounds.
The Pentagon suppressed a 2015 study exposing $125 billion—yes, billion—in administrative waste, over a five year period, in order to protect its own budget from being slashed.
Even Santa’s elves can’t repeal the laws of supply and demand.
I was still a Soviet citizen when I first read some of the international documents on human, economic, and political rights.