Free Markets
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Is There a Problem? vs. Is this Competitive?
“Amazon’s offering lower prices compared to online rivals undercuts the FTC’s assertion that it is a proof of its monopolistic abuse, yet it is completely consistent with Amazon’s pro-consumer explanation.” ~Gary M. Galles
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Bookstore Protectionism
“Both past and present suits claimed that the problem was dominant sellers unfairly harming independents, which thereby undermined competition. But in that, they misrepresented both what competition means and who was harming less-successful competitors.” ~Gary M. Galles
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What is a Pencil?
“The spontaneous order produced in a market or, in this case, the outcome of a market process that standardizes what a pencil means, is only defined as the process unfolds.” ~Byron B. Carson III
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Why Pfizer and Moderna Are Suddenly Charging 500 Percent More for COVID Shots
“Pfizer has a lot of leeway in the price it chooses to charge for its vaccine — especially when one considers almost all rival competitors have been sidelined by the Food and Drug Administration.” ~Jon Miltimore
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Do I Own What Is Mine?
“We should rethink the deference we give what may be the shortest, but not the least damaging weasel word in common usage today.” ~Gary M. Galles
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Economic Freedom of the World: US Improves While Hong Kong Falls
“As the US strives to enhance its economic freedom, the country would be wise to heed the lessons offered by Singapore’s rise and Hong Kong’s fall.” ~Vance Ginn
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Price Controls Don’t Fight Inflation: 40 Centuries of Evidence
“Price controls do not stop inflation; they only make things worse. If prices are going up, it’s either because monetary policy is too loose or because the economy suffered a decline in productivity.”
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Thinking Harder about “Special” Benefits
“To the extent we believe in giving government assistance to those with incomes, we should trust them to love themselves and their families more than the government does and give them that aid in cash.” ~Gary Galles
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Should Buying Or Selling “Hidden Cities” Air Tickets Be Banned Or Punished?
“Hidden-city opportunities emerge when there are significant differences in the price elasticity of demand relating to certain itineraries with stopovers.” ~Christopher Lingle
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Are Humans Inherently Selfish?
“A thicker view of rationality accepts the view that people live in a world with social norms that both condition and constrain our actions.” ~ Anthony Gill
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•
Is There a Problem? vs. Is this Competitive?
“Amazon’s offering lower prices compared to online rivals undercuts the FTC’s assertion that it is a proof of its monopolistic abuse, yet it is completely consistent with Amazon’s pro-consumer explanation.” ~Gary M. Galles
-
•
Bookstore Protectionism
“Both past and present suits claimed that the problem was dominant sellers unfairly harming independents, which thereby undermined competition. But in that, they misrepresented both what competition means and who was harming less-successful competitors.” ~Gary M. Galles
-
•
What is a Pencil?
“The spontaneous order produced in a market or, in this case, the outcome of a market process that standardizes what a pencil means, is only defined as the process unfolds.” ~Byron B. Carson III
-
•
Why Pfizer and Moderna Are Suddenly Charging 500 Percent More for COVID Shots
“Pfizer has a lot of leeway in the price it chooses to charge for its vaccine — especially when one considers almost all rival competitors have been sidelined by the Food and Drug Administration.” ~Jon Miltimore
-
•
Do I Own What Is Mine?
“We should rethink the deference we give what may be the shortest, but not the least damaging weasel word in common usage today.” ~Gary M. Galles
-
•
Economic Freedom of the World: US Improves While Hong Kong Falls
“As the US strives to enhance its economic freedom, the country would be wise to heed the lessons offered by Singapore’s rise and Hong Kong’s fall.” ~Vance Ginn
-
•
Price Controls Don’t Fight Inflation: 40 Centuries of Evidence
“Price controls do not stop inflation; they only make things worse. If prices are going up, it’s either because monetary policy is too loose or because the economy suffered a decline in productivity.”
-
•
Thinking Harder about “Special” Benefits
“To the extent we believe in giving government assistance to those with incomes, we should trust them to love themselves and their families more than the government does and give them that aid in cash.” ~Gary Galles
-
•
Should Buying Or Selling “Hidden Cities” Air Tickets Be Banned Or Punished?
“Hidden-city opportunities emerge when there are significant differences in the price elasticity of demand relating to certain itineraries with stopovers.” ~Christopher Lingle
-
•
Are Humans Inherently Selfish?
“A thicker view of rationality accepts the view that people live in a world with social norms that both condition and constrain our actions.” ~ Anthony Gill