If businesses get government subsidies to make their products cheaper, or “capture” regulation to hurt their competitors, that’s rent seeking.
A city ordinance requires teenagers to have a business license before cutting grass for money.
Two front-page stories in the Metro section of Monday’s Washington Post depict protected service providers desperately trying to fight off innovations that might serve customers better and threaten the comfortable incomes of the established providers.
After the 2010 earthquake in Haiti that killed around 250,000 people and displaced 1.5 million others, the billion dollar state-led humanitarian relief effort failed to accomplish even the most basic tasks like rebuilding houses. The situation remains dire with 80,000 people still living in “temporary” tent camps. In the new Learn Liberty video below, Professor […]
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 […]