Topic: Free Markets

Economic Growth, Entrepreneurship, Free Markets

The Miracles of Human Cooperation Are Hidden in Plain Sight

– November 27, 2023

“Humans cooperate and communicate in miraculous ways through the mechanism of the price system. If you believe someone must be in charge of coordinating human action, you will never notice the marvels all around you.” ~Barry Brownstein

Economic Trends, Free Markets, Taxation

Underdog States Improve Their Business Tax Climate

– November 14, 2023

” As they continue to reduce tax burdens, they create environments where individuals and businesses can retain more of their earnings, which invites innovation, improves the quality of life, and encourages moving to those states.” ~Vance Ginn

Economic Education, Free Markets

Does Everybody Gain?

– November 13, 2023

“Large gains are enabled by protecting individuals’ rights to cooperate with anyone on whatever terms they would find acceptable, combined with others’ rights to say no to whatever offers they find unacceptable.” ~Gary M. Galles

Free Markets, Healthcare, Regulation

FTC Suit Against US Anesthesia Partners Highlights How Anticompetitive US Health Care Is

– November 10, 2023

“The complaint — which makes for surprisingly good reading — also makes clear the wide variety of existing practices that make the healthcare industry so anti-competitive.” ~Angela Dills

Capitalism, Free Markets, Regulation

Is There a Problem? vs. Is this Competitive?

– October 30, 2023

“Amazon’s offering lower prices compared to online rivals undercuts the FTC’s assertion that it is a proof of its monopolistic abuse, yet it is completely consistent with Amazon’s pro-consumer explanation.” ~Gary M. Galles

Economic Education, Free Markets

Capitalism is a “DDoLL”

– October 24, 2023

“One thousand people can be unimaginably more wealthy than eight people. Division of labor is the most important source of increasing returns to scale in the market system.” ~Michael Munger

Capitalism, Economic Theory, Free Markets, Regulation

Bookstore Protectionism

– October 16, 2023

“Both past and present suits claimed that the problem was dominant sellers unfairly harming independents, which thereby undermined competition. But in that, they misrepresented both what competition means and who was harming less-successful competitors.” ~Gary M. Galles

Books, Economic History, Free Markets

What is a Pencil?

– October 15, 2023

“The spontaneous order produced in a market or, in this case, the outcome of a market process that standardizes what a pencil means, is only defined as the process unfolds.” ~Byron B. Carson III

Economic Education, Free Markets, Healthcare, Regulation

Why Pfizer and Moderna Are Suddenly Charging 500 Percent More for COVID Shots

– October 14, 2023

“Pfizer has a lot of leeway in the price it chooses to charge for its vaccine — especially when one considers almost all rival competitors have been sidelined by the Food and Drug Administration.” ~Jon Miltimore

Art and Culture, Free Markets, Property Rights, Taxation

Do I Own What Is Mine?

– October 10, 2023

“We should rethink the deference we give what may be the shortest, but not the least damaging weasel word in common usage today.” ~Gary M. Galles

Economic Trends, Free Markets, International, Policy

Economic Freedom of the World: US Improves While Hong Kong Falls

– October 7, 2023

“As the US strives to enhance its economic freedom, the country would be wise to heed the lessons offered by Singapore’s rise and Hong Kong’s fall.” ~Vance Ginn

Economic Education, Free Markets, History, Policy

Price Controls Don’t Fight Inflation: 40 Centuries of Evidence

– October 3, 2023

“Price controls do not stop inflation; they only make things worse. If prices are going up, it’s either because monetary policy is too loose or because the economy suffered a decline in productivity.”