The DOJ’s case against Google is a moot point and waste of taxpayer dollars.
MARKETS
Free Market Fundamentals and NatCon Inconsistencies
Endorsing individuals’ freedom to trade with foreigners is simply of a piece with the more general endorsement of individuals’ freedom to trade with whomever they please, whether fellow citizens or not. The protectionist position, in contrast, invariably relies upon arbitrary distinctions that ensnare protectionists in intellectual and ethical inconsistencies.
What Americans Can Learn From Venezuela’s Crackdown on ‘Price Gougers’
Ten years ago, Venezuela set out on a path to economic ruin and grave shortages of basic consumer goods, because of price controls on groceries and other products. Is the US really going to travel on the same road?
Trade Deficits Don’t Really Matter
Free nations as such don’t gain or lose from trade; only individual traders do.
Celebrating Work
Let’s celebrate the important value of work on Labor Day—and demand that our governments stop killing jobs through their taxes, climate action plans and regulations and let people invest, trade, and work freely.
Free Markets Help Workers Flourish
The fundamental principle that we need to recognize to help all workers flourish, ignored by most labor unions and governments alike, is freedom.
The “Next” US Recession
There’s strong and growing evidence that the “next” US recession has begun — or will begin soon.
Antitrust Laws are Unjust and Destructive
As Ayn Rand explains, the antitrust laws are based on confusing two types of power: economic power (sometimes called “market power”) and political power. Only the latter is coercive.
On The Biden Administration’s 100% Tariffs on Electric Vehicles (EVs)
Must the US counteract Beijing’s subsidies with high tariffs?
Trump’s Protectionist Trade Policies Won’t Make America Great Again
More than half of imported goods are intermediate items or inputs used in manufacturing. Because the cost of these inputs will rise with the tariffs, total employment in manufacturing and the entire economy will decline or, at best, grow slower.
Should Business Be Selfish?
Selfishness guides business to trade value for value with all parties – wages for employees’ productivity, products and services for customers’ payment, payment for suppliers’ products, and so on – by mutual consent, for mutual benefit, with no deception or fraud. This is the only way business can maximize long-term profits – and the reason it should be selfish.
America’s “Trade Deficit” With China
Just as there’s absolutely no reason for you to worry about the trade deficit that you have with your physician or your grocer, there’s absolutely no reason for us Americans to worry about the trade deficit that America has with China.
Confusing Effort with Achievement: On The Labor Theory of Economic Value
Labor is not, in itself, a source of value. Labor is expended in the pursuit of value, and the market process’s competing bids and offers convert people’s individual assessments into intelligible data called prices.
GOP Trade Platform Would Penalize Forgotten Americans
The GOP platform calls for new Buy American restrictions, but this is just warmed-over Bidenomics.
What’s Wrong with Bernie Sanders’ 32-Hour Bill
A shortening of the hours of work is a highly desirable goal. But it cannot be achieved along with growing prosperity except in a free market.
Trump’s Proposal To Replace The Federal Income Tax with Tariffs
If Trump’s goal is simply to eliminate the federal income tax, then he should advocate for doing that and only that.
American “Protectionism” Means Putting America Last!
Americans should ask protectionists such as Donald Trump and Josh Hawley just how America is put ‘first’ by US government trade barriers that constrict ordinary Americans’ freedom to spend their incomes as they choose.
Repeal The 1936 Robinson-Patman Act (RPA)
The 1936 Robinson-Patman Act (RPA), once a lynchpin of antitrust enforcement actions, because the government almost always won under its convoluted terms, has been all-but abandoned for decades.
Trump’s Politicizing of Monetary Policy Won’t Fix the Federal Reserve’s Failings
Trump’s proposed reform would make the Fed an arm of the White House. It would be a step in the wrong direction.
Bryan Caplan’s “Build Baby Build: The Science and Ethics of Housing Regulation”
We don’t have as much housing as would be necessary to keep housing costs low because it’s illegal. Governments manufacture scarcity by wrapping building permissions in red tape.
What’s Wrong with Bernie Sanders’ 32-Hour Work Week Bill
A shortening of the hours of work is a highly desirable goal. But it cannot be achieved along with growing prosperity except in a free market.
The Fossil Fuel Industry Should Defend Itself Against Congressional Smears
Fossil fuel companies should say two things when threatened for expressing pro-fossil-fuel opinions: 1) We have a 1st Amendment right to our opinions on energy and climate, and 2) We are now going to talk a lot more about the benefits, including climate benefits, of our industry.
Bidenomics: Creating “Jobs” That Destroy Wealth
Government spending doesn’t really create jobs, but instead moves them from where people themselves would have chosen to where the government dictates by way of its tax, spending, and regulatory policies.
Ludwig Von Mises, The Austrian Theory of Money, Banking, and the Business Cycle
What should have been a minor economic downturn became the Great Depression because government interventions prevented the market process from working.
Ludwig Von Mises explained why with his Austrian theory of Money, Banking, and the Business Cycle.
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