MARKETS

Tariff Advocates Rarely Talk About How Tariffs Punish Consumers

Politicians who support tariffs and other forms of government intervention in the economy frequently emphasize reshoring, trade deficits, cheap imports, and national security, but they rarely talk about consumers.

Privatize Disaster Relief

Privatize Disaster Relief

The better approach to disasters relies on private initiative, markets, and insurance instead of ineffective government bureaucracies and bloated budgets. Every aspect of disaster relief can be privatized, or rather re-privatized, and should be, if policymakers want to save lives and money.

Commodity Speculation in a Free-Market

Commodity Speculation in a Free-Market

Speculative activity, of course, is not limited to anticipating just future scarcities. Rather, it seeks in general to balance consumption and production over time by accumulating stocks of commodities and regulating their rate of consumption.

The Landlord Shrugged

The Landlord Shrugged

Government officials love to loudly proclaim the great benefits that tenants will enjoy by restricting and controlling landlords. The folly of their schemes will become clear when they discover that the landlord shrugged.

The “Right to Return”

The “Right to Return”

Like all forms of subsidies, the “right to return” takes from some—taxpayers—to provide benefits to others—low-income households.

Money Creation: Who Cares?

Money Creation: Who Cares?

Commercial banks do not lend out other peoples’ money. On the contrary, banks create new money every time they make a loan.

Unleash the Swarm in Housing Production

Unleash the Swarm in Housing Production

If we unleash the swarm, if we restore freedom to property owners, we will see an immense increase in housing production. Property owners could convert single-family homes into duplexes, build a cottage or “granny flat” in the back yard, or do any number of other things to increase the supply of housing.

Inflation: Unemployment and Inflation (5 of 5)

Inflation: Unemployment and Inflation (5 of 5)

In 1936, in his General Theory of Employment, Interest and Money, Lord Keynes unfortunately elevated this method--the emergency measures of the period between 1929 and 1933--to a principle, to a fundamental system of policy. And he justified it by saying, in effect:...

Political Interference In Big Tech Is A Big Mistake

Political Interference In Big Tech Is A Big Mistake

The aftereffects of antitrust have always been anti-producer, anti-consumer, and anti-progress. Ayn Rand rightly asserted that, “The Antitrust laws—an unenforceable, uncompliable, unjudicable mess of contradictions—have for decades kept American businessmen under a silent, growing reign of terror.”

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