Competition is often considered a dirty word, with many critics of free market ideas emphasizing the cutthroat competition of Wall Street as an example of how competition brings out the worst in people, encourages us to cut corners, and undermines our altruistic tendencies.
Evoking images of sinister railroad barons, scholar Lina Khan argues that antitrust officials should stop this acquisition.
Wouldn’t a fleet of supersonic aircraft overland create intolerable sonic booms that would rattle windows and scare livestock?
Capitalism—stronger than any border wall or immigration ban—remains a resilient and deeply American system.
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.
Every year the number of regulations, dictates, rules, decrees, guidelines, statutes, laws, and bylaws in the United States grows by leaps and bounds.
The English poet John Donne once wrote that “no man is an island.” It often feels quite the opposite what with the ever increasing technological advances made and the preoccupied-with-our-phone age we find ourselves in. Yet, the same technology that sometimes feels divisive is actually one of the best ways to stay connected. (Think Pokémon Go). The […]
Markets can be regulated by the figurative force of competition or by the literal force of government. Which better protects buyers and sellers? Contrary to popular belief, regulation by competition usually renders regulation by government either unnecessary or counterproductive. Regulations are usually presented to the public as a matter of guarding the public interest and […]
The argument no proponent of central planning has ever been able to overcome; if humans can’t be trusted with freedom, how can they be trusted with power?
In March of 2015, the Obama administration proposed a ban on ammunition commonly used in AR-15 rifles. Are there functional differences between restricting ammunition and restricting the right of gun ownership? Should the government’s ability to control gun possession change based on the type of weapon? What are the distinctions, if any, between handguns, assault […]
What is the best way, if at all, for medication to be regulated? How do you balance the right of consumers to purchase what they want with protection of consumers from dangerous or fraudulent medical treatments? Be sure to check out this video on the current government monopoly on prescription drug approval.
Alcohol laws are some of the most headache-inducing rules on the planet. Recently, AL.com ran an article about Sunday alcohol sales in Alabama with notes about how you can buy alcohol in some places on Sundays, but only (say) for on-premises consumption. Or only if you’re a restaurant or a hotel. Or only for off-premises […]
Thalidomide was a drug marketed in the 1950s in West Germany for the treatment of morning sickness and other nausea in pregnant women. However, thousands of women who took thalidomide had babies who were born with limb deformities, and many of those children also died shortly after birth. Can the government justifiably keep thalidomide out […]
In order to label a country “capitalist” there must be complete freedom of association and private property. There is a limited government in place, but the government would be a referee, not a player. It would be outrageous to watch ESPN and hear, “The ref had a great game! He sacked the quarterback twice and […]
I got a powerful reminder a few months ago of a lesson I learned in grad school: numbers don’t speak for themselves. We must interpret them alertly if we are to learn from them.The numbers I came across are these: [Medicare] spends roughly $3 on administration for each $100 of medical services it buys for […]