Daily Economy
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Supporting Free Markets Means Rejecting Perfect Competition
The theoretical perfection of markets is not a valid argument against government intervention, nor is it a valid reason for governments to intervene in service of that ideal.
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Why Did This Libertarian Get Published in the Washington Post?
Maybe it was just a fluke, but the willingness of the Post to countenance private ordering has given me renewed hope that there might still be some thinking statists left, people who can be persuaded to jettison faith in “compulsory monopoly” solutions to every perceived problem.
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Revolution and Counterrevolution
The conceptual breakdown of revolution/counterrevolution is vastly better than any modern typology that too often distracts from the key issue: the place of power in our lives.
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Money Is a Humane Technology
Pretty much every economics textbook explains how money has four functions. It is first and foremost a medium of exchange, and it ultimately derives all of its other functions from its usefulness as a medium of exchange.
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Has Modernity Made Us Indecent?
Compelling people to be “decent” through government taxing and spending in fact drains decency from human relationships.
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What Schumpeter Would Say about Techlash
If Schumpeter were alive today, he’d have two important lessons to teach us about the techlash and why we should be wary of misguided interventions into the Digital Economy.
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US Charges Against Facebook Threaten Social-Media Economic Model (Video)
The Trump administration has filed a lawsuit against Facebook with the claim that the company is guilty of redlining. At issue are the tools that allow advertisers to target ads. The problem is that this attack fundamentally threatens the economic model that makes social media work.
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The Market Provides the Optimal Amount of Family Leave
Why do some conservatives believe that family leave plan is necessary in the first place?
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Do You Have a Right to Repair? Yes and No
This is not the free market at work. It is government intervention that steals the language of market competition to invalidate property rights and contracts.
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How Free Traders Can Improve Their Case
Faced with the current resurgence of protectionist “thinking” prevalent in the United States, we free traders must fight back by more clearly, boldly, and frequently stating the truth about free trade.
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•
Supporting Free Markets Means Rejecting Perfect Competition
The theoretical perfection of markets is not a valid argument against government intervention, nor is it a valid reason for governments to intervene in service of that ideal.
-
•
Why Did This Libertarian Get Published in the Washington Post?
Maybe it was just a fluke, but the willingness of the Post to countenance private ordering has given me renewed hope that there might still be some thinking statists left, people who can be persuaded to jettison faith in “compulsory monopoly” solutions to every perceived problem.
-
•
Revolution and Counterrevolution
The conceptual breakdown of revolution/counterrevolution is vastly better than any modern typology that too often distracts from the key issue: the place of power in our lives.
-
•
Money Is a Humane Technology
Pretty much every economics textbook explains how money has four functions. It is first and foremost a medium of exchange, and it ultimately derives all of its other functions from its usefulness as a medium of exchange.
-
•
Has Modernity Made Us Indecent?
Compelling people to be “decent” through government taxing and spending in fact drains decency from human relationships.
-
•
What Schumpeter Would Say about Techlash
If Schumpeter were alive today, he’d have two important lessons to teach us about the techlash and why we should be wary of misguided interventions into the Digital Economy.
-
•
US Charges Against Facebook Threaten Social-Media Economic Model (Video)
The Trump administration has filed a lawsuit against Facebook with the claim that the company is guilty of redlining. At issue are the tools that allow advertisers to target ads. The problem is that this attack fundamentally threatens the economic model that makes social media work.
-
•
The Market Provides the Optimal Amount of Family Leave
Why do some conservatives believe that family leave plan is necessary in the first place?
-
•
Do You Have a Right to Repair? Yes and No
This is not the free market at work. It is government intervention that steals the language of market competition to invalidate property rights and contracts.
-
•
How Free Traders Can Improve Their Case
Faced with the current resurgence of protectionist “thinking” prevalent in the United States, we free traders must fight back by more clearly, boldly, and frequently stating the truth about free trade.