The Struggle for Economic Liberty: Free Market Uber vs Fascist Taxi Unions
Many cities have granted monopoly power to taxi companies — the right to prevent entry by others.
Donald Trump and Hillary Clinton’s Last Hurrah
Ironically, the Republicans have a much stronger set of presidential candidates than usual to choose from this year.
“Equalizing” Incomes: What is Fair?
Big-government politicians bemoan income inequality, but would equalizing incomes make life fair?
Who the Heck Consumes His Capital?!
To make people eat their seed corn, we need to add the essential element: a perverse incentive. Let’s look at monetary policy in this light.
Police Shootings
Laws without law enforcement are just suggestions.
Thomas Sowell’s Random Thoughts for August 2015
Random thoughts on the passing scene.
Entrepreneurs: Breaking the Bureaucracy of Rules
FedEx turned out to be much better than the U.S. Postal Service, teens ignore Hollywood and become rich and famous on YouTube, people skip hotels and find rooms via Airbnb and so on. Who knows what discoveries await if we don’t let tired old rules get in the way?
John Stuart Mill: Setting Liberals on the Road to Socialism
One of the great voices for personal liberty was that of the British economist and political philosopher, John Stuart Mill. His essay, “On Liberty,” though penned well over 150 years ago, is a classic statement that the individual should be respected in his right of...The Economy is in Liquidation Mode
Imagine running a rink company at the end of the roller skating craze. You know it is not going to survive for long. How do you operate your business? You milk it. Well, that’s now happening across the entire economy.
