Is the Amazon Really a Market Failure?

– August 27, 2020

“A government strong enough to assign and enforce private property rights in remote areas wouldn’t have a problem with (excessive) deforestation in the first place. A government weak enough – or uninterested enough – that it’s unable to do so, couldn’t credibly abstain from chopping down trees, or promise that its citizens won’t do so either.” ~ Joakim Book

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leftover food

Who Owns Leftover and Abandoned Bar Food?

– July 17, 2020

“Figuring out the exact property rights isn’t worth the hassle: it’s too little and too rare to care about enforcing whatever legal right might be applicable in various jurisdictions. In practice, the ownership of leftover food is up to the social norms in the country you’re in, or even the attitude of the staff at the particular establishment you’re visiting – an informal institution, guided by vague and constantly negotiated social interactions.” ~ Joakim Book

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path, mountains

A Keynesian Path Would Be the Wrong Path for the U.S. Economy

– July 15, 2020

“Following a crisis, countries with higher levels of economic freedom–that is, with institutions closer to those proposed by Hayek than Keynes–suffered smaller economic contractions and faster recoveries. Keynesian ideas have dominated the political worldview for decades. But we would be better off following Hayek.” ~ Nicolás Cachanosky

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Safety is Found in Principles, Not Lies

– May 22, 2020

“Safety lies in the strength of our belief in strict limits on government power, the rule of law, and stable property rights. Honor these principles and safety will emerge from the actions of a free people, not the edicts of authoritarians.” ~ Barry Brownstein

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Where Are the Reopening Experiments?

– April 28, 2020

Again, I think that most places could re-open now, and indeed should never have shut down in the first place, but if politicians insist on taking the cautious approach, they should at least have to provide some empirical evidence that re-opening would lead to a spike in deaths. The only way to do that is to experiment.

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The Politicization of Taylor Swift

– November 23, 2019

Taylor Swift’s case isn’t about the power of private equity or the perfect workings of market capitalism. It doesn’t fit into any existing political paradigm. It is a dispute over enforced ownership rights that have been granted to the unownable.

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govblame

Government Is the Main Problem, Say a Record Number of Americans

– February 26, 2019

It’s a pretty strange time for conservatives suddenly to decide they like government, and the worst imaginable time for the Left to celebrate the state as never before. Based on the attitudes of the public alone, we ought to be seeing the opposite from both sides.

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Cubabldgcollapse1

Why Buildings are Collapsing in Cuba

– December 12, 2018

To save lives by ensuring that large-scale, sophisticated repairs for dilapidated buildings are swiftly and efficiently undertaken, the Cuban government must free the market for capital goods.

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vote-here-sign

Voting Is Not Self-Expression

– October 24, 2018

Voting may be many things, but the least of them is self-expression. Conceding the sufficiency of multi-billion dollar political contests among highly vetted, meticulously-coached candidates is a guaranteed road to self-negation.

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2018NobelPrize

Nobel Roundup 2018

– October 10, 2018

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

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gavel

Speak Not of Legislation as Law

– September 24, 2018

Particular laws can be undesirable, and legislation often serves useful purposes. Nevertheless, legislation is not law. So the common habit of using “law” and “legislation” as synonyms sows much confusion.

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shoppingstorm

Three Undeniable Problems with Anti-Gouging Laws

– September 15, 2018

Anti-Price Gouging Laws are either useless or harmful.

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