This isn’t market failure. It is the result of government regulation.
POLITICS
The Covid/Crypto Connection: The Grim Saga of FTX and Sam Bankman-Fried
FTX, founded in 2019 following Biden’s announcement of his bid for the presidency, by the son of the co-founder of a major Democrat Party political action committee called Mind the Gap, was nothing but a magic-bean Ponzi scheme. It seized on the lockdowns for political, media, and academic cover. Its economic rationale was as nonexistent as its books.
They Will Lock You Down Again
We cannot allow that to happen.
Tenants Have No Special Rights
The advocates of “tenants’ rights” imply that tenants have rights that are separate and distinct from landlords and other individuals.
Capitalism vs. Racism: Black Consumers & Ending Segregation
Under laissez-faire capitalism, racial segregation would disappear, even though it would be legally permissible on private property. It would disappear because it is fundamentally incompatible with the requirements of profit-making and because it is irrational.
Biden Administration and the Democrats Fail the Marshmallow Test
The Orwellian “Build Back Better” and “Inflation Reduction Act” plunders from the future to gratify hoped-to-be-Democrat voters now.
Capitalism vs. Racism: Equal Pay for Equal Work
Profit-seeking employers qua profit-seeking employers are simply unconcerned with race. Their principle is: of two equally good workers, hire the one who is available for less money; of two workers available for the same money, hire the one who is the better worker. Race is simply irrelevant.
Will Colombia Turn Back Before It’s Too Late?
Will Colombia’s Gustavo Petro heed the lessons of Chavez’s Venezuela and avoid a similar fate?
Waiving Big Pharma’s Intellectual Property Rights is a Gross Injustice
A movement is underway to pressure the Biden Administration to waive global intellectual property (IP) rights to COVID vaccines developed in the United States.
Tariffs, Transportation Costs & The Case for Unilateral Free Trade
A policy of unilateral free trade is analytically equivalent in its effects to a fall in inbound transportation costs while outbound transportation costs remain the same.
The Need to Identify the Unseen
When politicians announce a new program or policy, they tell us of all the great benefits that will result.
Insulin Markets Need Less Government
Thanks to government, insulin is hard to get.
Frances Tiafoe and the Incoherence of Universal Representation
If it were true that young people need someone to “look like them” to believe they can do something, we’d never have any “firsts.” Young players would simply give up trying.
The Way Out of the Social Security Mess
A plan to shut down Social Security without cutting benefits to existing retirees or raising payroll taxes on existing workers, leaving everyone better off.
The Deadly Climate Obsession of Governments
Governments everywhere have been undermining productive work, driven by a destructive climate change ideology that has developed into an obsession: stopping greenhouse gas (GHG) emissions, despite human suffering.
Biden and Trump are Two Faces of Fascism
The only difference between the Biden version of fascism and the conservative version is whose property they seek to control.
Business Tax Exemptions and the U.S. Oil Industry
The uniformity-of-profit principle sheds light on the effect of business tax exemptions and their elimination.
The Injustice of Banning Novak Djokovic From Playing in the 2022 US Open
The Biden administration bans the best tennis player in the world, unvaccinated Novak Djokovic, from playing in the 2022 US Open, even though the CDC says he is safe, preventing Djokovic from tying Rafael Nadal’s 22 grand slam record. Politics, not science.
Blame the Federal Diabetic Assault (FDA) for High Insulin Prices
The insulin pricing problem is a result of the government regulating business.
An Open Letter to American Leftists
Andrew Bernstein’s open challenge to American leftists.
Defending the Free Market
We can’t predict what solutions and innovations that free individuals will discover. However, we do know that free individuals, and only free individuals, can and do find solutions and innovations.
Free-Market Medicine
The health-care market has failed to produce high-quality, low-cost medicine for two reasons: consumers are insulated from the cost of medical care by third-party payers, and information on the performance of competing physicians is not available.
California Housing: Force Isn’t the Solution
In 2024, voter in Los Angeles will vote on an initiative that would force hotel operators to rent vacant rooms to the city’s homeless.
How To Tame a Bureaucracy? Get Rid of It
When bureaucrats speak of their stakeholders, they mean their employees and the industry they manage, not the citizens.
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