Free Market Liberalism Is Needed More Than Ever
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.
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Supporting Free Markets Means Rejecting Perfect Competition
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.
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US Charges Against Facebook Threaten Social-Media Economic Model (Video)
The Trump administration has filed a lawsuit against Facebook with the claim that the company is guilty of redlining. At issue are the tools that allow advertisers to target ads. The problem is that this attack fundamentally threatens the economic model that makes social media work.
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The Market Provides the Optimal Amount of Family Leave
Why do some conservatives believe that family leave plan is necessary in the first place?
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Do You Have a Right to Repair? Yes and No
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.
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The Golden Rule Requires Markets
If we want to follow The real Golden Rule, and we should, we shouldn’t force people to make the exchanges they would otherwise refuse in absence of coercion.
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Why Uber’s Business Model May Not Be Viable
The sharing economy, fueled by the internet’s capacity to match small buyers and sellers, looks like a revolutionary business model. But for this model to be sustained, there must be a reliable source of long-term profits.
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Wealth Has Never Been More Equal
In terms of information access and the opportunity to learn and share knowledge, we’ve never been more rich and equal.
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This Agency Might Wreck Internet Economics
Social media companies like Facebook obviously want to comply with the law, but they would also like to stay in business. That business depends fundamentally on targeting based on some demographic grounds. If a consistent application of non-discrimination law means that advertising has to become completely random to be compliant, Internet economics will experience the fate of countless public housing units in the past: it will be completely demolished.
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Kierkegaard’s Parable of Two Artists
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.
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Markets Are More Complex Than Our Brains
When we gloss over the complexity of the real world, we end up losing far more understanding than we often realize, and end up with strangely skewed perspectives on what happened and what to do about it.
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Is Capitalism Sustainable?
At some point, the last dollar invested in honest profits is going to return less than the first dollar to be spent on cronyism. After that, the firm becomes dependent on the state.
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