Free Markets

Wednesday, November 28th, 2018

Unlike public agencies, companies must adapt to make sure their consumers are happy. Otherwise, they go out of business.

Saturday, November 24th, 2018

Claiming to be looking after the homeless’ safety, health officials said the food, which is prepared by volunteers at their own homes, is not good enough for people living on the street. After all, home-cooked meals could expose the needy to food-borne illness.

Tuesday, November 20th, 2018

Amazon's highly coveted HQ2 is probably a good deal for company and cities alike, but for the rest of us, it’s just another frustrating example of what happens when big business and big government join hands.

Tuesday, October 30th, 2018

The argument that politics is controlled by some of the wealthy and run for their benefit is largely correct, but the conclusion should be that we should restrict their opportunity to do this by limiting politics and government, not that we should expand them.

Thursday, October 25th, 2018

To understand the awesome power of heterogeneity is to adopt a different outlook on society itself. It is to embrace the core liberal claim: society doesn’t need top-down management, because it contains within itself the capacity for its own management.

Monday, October 22nd, 2018

Light, as we know it today, is a commodity. That would not have been possible without the institutional prerequisites — freedom to create, own, and exchange — that built the modernity we too often take for granted.

Saturday, October 20th, 2018

No authority can substitute for the activity, creativity, and adaptability of the human mind.

Wednesday, October 10th, 2018

Markets do not fail so much as courage and imaginations do.

Monday, September 17th, 2018

If something is wrong in society, whom should be charged with fixing it? Today, there is a presumption that government should be.

Thursday, September 6th, 2018

You might observe that this is the free market’s way to co-opt the anti-racist movement on behalf of capitalist profits. But maybe that’s not a criticism. Maybe that’s a way to get the message out and make it more culturally operational.

Monday, August 27th, 2018

Overstating how misinformed, unrealistic, and just plain wacky are the economics that underlie these proposals of Sens. Warren and Sanders is impossible. Also impossible to overstate is the amount of damage that enactment of these proposals would inflict on the American economy.

Sunday, August 19th, 2018

When it comes to meaningful change, that type of cultural shift that really dissolves the blindfold created by collectivism, there’s nothing more effective than art.

Friday, August 3rd, 2018

The movement as it was known has been through ups and downs but it has finally settled on what Andrea knew all along. Liberty is a big tent with many iterations. Its roots are not in mass political organizing but in beautiful ideals and dreams of a freer world.

Friday, August 3rd, 2018

No one created that muddy track; it is the result of individuals going where they want to go. But if enough people walk there, it wears out the grass and makes the ground hard and packed down. The “path” emerges, although no one planned it.

Monday, July 30th, 2018

Moral norms that served small bands of humans well 10,000 years ago — share, cooperate, punish anyone who violates the rules — are no longer very good at helping people navigate commercial society.  Ask someone about price-gouging laws, or kidney sales, or generally talk about the role of price as an indispensable signal of scarcity. Most people will get upset.

Monday, July 16th, 2018

How very appealing was the socialist idea in the late 19th and early (pre-WWI) 20th centuries! All the burdens of life and everyday work, all the seemingly unjust inequalities of material wealth observable in society, and all the uncertainties of health care and old age would be lifted from the weary shoulders of the common man with the arrival of socialism.

Tuesday, July 3rd, 2018

Friends of freedom, including many of those who strongly believed in and fought for representative and democratically elected government in the 18th and 19th centuries, often expressed fearful concerns that “democracy” could, itself, become a threat to the liberty of many of the very people that democratic government was supposed to protect from political abuse.

Sunday, July 1st, 2018

In the old days, people associated the Left with an ethos akin to the ACLU today: the right to speak, publish, and associate. The turn that took place with the New Left actually flipped whatever remaining attachment that the old left had with freedom.

Monday, June 18th, 2018

If we are concerned about the rise of the ginormous corporation, and perhaps we should be, why not start with lowering barriers to entry, removing regulations, cutting more taxes, blasting away expensive mandates and litigation landmines? If we work toward a truly laissez-faire environment for business, we could let the market discover the right combination of big, medium, and small that serves consumers best. Piling interventions upon interventions takes us in exactly the wrong direction.

Thursday, June 14th, 2018

Does the rise of big data make Marx’s centrally planned utopia feasible? The answer is a big no.