Integrity is being trumped by pragmatism, both in business and in politics.
MARKETS
Imagine a Highway
If roads were private the owners would have an incentive to provide capacity, safety, and invent a pricing mechanism that would enable traffic to flow freely.
Securities Regulation Harms Businesses
The problems startups have in raising capital caused by securities regulation.
Free Trade Benefits vs. Fears of Foreign Goods
All who participate gain from international trade, and all are made poorer to the extent that governments interfere or prohibit the freedom of trade among the peoples of the world.
Defending Google Against Antitrust
Google is not limiting competition but creating it, through its own innovations that others are free to try to surpass.
Price “Gouge” Me, Please!
Artifically low prices resulting from government decree causes an artificial shortage which results in long lines, empty stations, and lack of incentives for more supplies.
Defending Google: Big Data and “Unfair Competition”
New rivals who want to enter the Internet services market and are not putting together big data sets cannot claim that they have a right to the established companies’ data—they have done nothing to deserve access to it.
What Creates Real Jobs And What Destroys Them
Jobs come from government getting out of the way and letting employers produce goods and services.
Europe’s Antitrust Assault on Google
Since people can search through other sources besides Google, it is not at all clear why Google cannot run its own operation for its own benefit, while others run their operations for their own benefit.
California’s Government Created Water Problem
Water is distributed in California and other Western states not by market prices but by the political process.
Separation of Film and State
Government intervention necessarily begets more intervention.
GE’s Restructuring Pleases Investors and Avoids Other Risks
On April 10, General Electric, which for 123 years has been one of America’s best known and most highly respected companies, announced a radical return to its basic industrial roots. After years of disappointing share performance, and a campaign of criticism by...
Cargo Cult Economics
Creating paper money does not create goods.
The Ticket to Prosperity: Free Markets and Rule of Law
The basic ingredients for Hong Kong’s progress were not foreign aid and other handouts from Western nations but instead law and order and a free market.
The Next Bubble
When our government subsidizes home purchases, recklessness is invited.
Self-Enforcing Discrimination
Minimum and maximum prices are but two ways do-gooders handicap poor and discriminated-against people.
The Left’s New Straw Man: The Shareholder as Mafia Boss
In a recent Washington Post op-ed, Harold Meyerson, an avowed socialist, compares corporations who buy back their own shares to Las Vegas mafia bosses who used to skim casino profits. The basis for his smear is “a recent paper by J.W. Mason, an economist at the...
Robert Samuelson’s Folly of Fed Obeisance
The Fed is a large and aloof agency that needs to be tamed.
Consumers’ Sovereignty and Natural vs. Contrived Scarcities
One of the great myths about the capitalist system is the presumption that businessmen make profits at the expense of the consumers and workers in society. Nothing could be further from the truth. In the free market, consumers are the sovereign rulers who determine...
Falling Interest Causes Falling Wages
Monetary policy is actually putting the hurt on labor. Let’s look at why.
Ruinous ‘Compassion’
Minimum wage laws reduce employment opportunities for the young and the unskilled of any age.
A Parable on The Deception of Central Banking
Central banking requires that government bureaucrats act in a way to distort the entire economic system by introducing counterfeit credit into the monetary system in such a way that businessmen are continually fooled into acting in a way that mimics the behavior of busi…
Business Decisions and The Principle of Justice
Is it ethical to fire employees who are on a leave?
Greek Problems Born from Socialism
The real issue is whether Greece’s decades-long experiment with failed debt-financed socialism will be allowed to survive much longer.
The Myths Underlying Today’s Currency Wars
One myth driving the irrational policies of central planners is the idea that a depreciating currency is good for a domestic economy.
Staples Fails To Defend Itself Against Obama Attack On Moral Terms
Obama did not build Staples, nor any other profit-making company offering value to its customers and employees. Yet he’s the one with life-or-death control over all companies. His moralistic tone of “shame” shows how he really believes it.
A Salvo in the Battle for the Gold Standard
The gold tax is the key to socialized money. We can never have a free market in money if gold is penalized with a tax every time the dollar loses value.
Koch Brothers are Heroes
If the Kochs’ views were the same as George Soros’, I don’t think anti-capitalists would not complain as much.
Spontaneous Order
Central planning creates the kind of inefficiency that brought down the Soviet Union. While Americans shopped in malls full of goods, Russians waited in long lines.
“The Greater Good” versus Self-Interest for Profit
The notion that business should sacrifice its self-interest—profit—to some undefinable “collective good” is ludicrous.
Fairness and Justice
Knowing results alone cannot establish whether there is fairness or justice.
The Swiss Franc Will Collapse
The coming destruction has nothing to do with the quantity of money. It is a story of what happens when interest rates fall into a black hole.
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