Free Markets

Monday, August 19th, 2019

Massachusetts has not legalized cannabis products so much as entered the drug market via a handful of chosen franchisees, with the extra competitive advantage that you could be fined or jailed if you buy from the competition. Let freedom ring.

Thursday, August 15th, 2019

Social media is a dynamic evolutionary process that can lead to better ideas, but the path often isn't pretty.

Sunday, August 11th, 2019

Beware: every theory that posits that your job is alienating is a ruse to draft you into a new form of collective identity in which you will have fewer choices.

Friday, August 9th, 2019

Free market capitalism naturally seeks ways to be inclusive by trying to attract a wider consumer base.

Friday, August 2nd, 2019

The theory that Facebook acquired Instagram and WhatsApp primarily to squelch future competition represents a view of antitrust that is simplistic and naive. It also endangers a startup business model that has produced incalculable benefits through innovation.

Tuesday, July 16th, 2019

Should I ever have the chance to meet Faye Lewis, I will soundly congratulate her for her fabulous striving, for her inevitably imperfect, yet wildly-admirable journey.

Thursday, June 27th, 2019

The greed of the wealthy for showing off has led to a remarkably wealthy society, the most egalitarian culture the world has ever known. 

Friday, June 14th, 2019

The administration’s lack of principles opens wide the door for the Democrats in Congress not only to introduce an overtime bill that goes far beyond the Trump rule but also beyond even the Obama ceiling. And as expected, they just jump at the chance to do just that.

Thursday, June 6th, 2019

Non-excludability is really just a technological problem, because the ability to charge and withhold access is beyond our reach, at least at reasonable cost. But that’s changing, fast.

Tuesday, June 4th, 2019

No matter one’s opinions on antitrust and big business, arguing that the big tech companies’ primary impact on our economy and lives has been anything but positive and even revolutionary is difficult.

Sunday, June 2nd, 2019

Countless minds and countless hands have contributed to the slow march of civilization and helped to create a modern world (one fraught with problems, which I don’t minimize) in which I can perform innumerable operations closed off to previous generations without thinking about them.

Thursday, May 23rd, 2019

Whether you keep your stuff or not is up to you. But it is not up to you what price your stuff will elicit on the open marketplace.

Wednesday, May 15th, 2019

When any particular outcome emerges from the market process that is not suitable for market participants, the market will adjust and, sooner or later, produce another, better outcome. By contrast, government failures are rarely improved with adjustments.

Thursday, April 25th, 2019

There is no limit to the examples of the distinction between what must be economized and what need not be. We need to develop the capacity to know the difference. 

Wednesday, April 24th, 2019

Michael Munger found it useful to summarize the argument for capitalism briefly, and in some ways superficially.

Tuesday, April 16th, 2019

Various political and ideological trends have often seemed inevitable and irreversible — until they have changed! And it can happen again — if only friends of freedom at least try.

Wednesday, April 10th, 2019

The theoretical perfection of markets is not a valid argument against government intervention, nor is it a valid reason for governments to intervene in service of that ideal.

Monday, April 8th, 2019

This is not the free market at work. It is government intervention that steals the language of market competition to invalidate property rights and contracts.

Monday, April 1st, 2019

In terms of information access and the opportunity to learn and share knowledge, we’ve never been more rich and equal.

Wednesday, March 27th, 2019

The very existence of wealth creation should fill us with awe, respect, and endless curiosity, as well as inspire within us a desire to celebrate and protect the institutions that make markets thrive.