“Success is never guaranteed in a market economy, and business failure is not uncommon for industry leaders. Blockbuster and Kodak had near monopolistic status in their respective sectors but that couldn’t save them from tech innovations that took them down.” ~ Kimberlee Josephson
READ MORE“The incentives of politicians and the goals of citizens can diverge, and nowhere is that divergence more obvious than in the case of targeted, private benefits to specific corporations paid for at public expense.” ~ Michael Munger
READ MORE“Consumers do not care that there is only one primary zipper manufacturer, they only care that their zippers work. Thus, if market needs are being met, competition isn’t a concern.” ~ Kimberlee Josephson
READ MORE” An emergent system of division of labor based on impersonal commercial exchange, then, can substitute for benevolence.” ~ Michael Munger
READ MORE“ESGers & Co., in short, want the power to free favored individuals or groups from having to play by the rules of the market.” ~ Donald J. Boudreaux
READ MORE“As the Iron Law of Prohibition predicts, increased enforcement and regulation of opioids have made them more potent and deadly.” ~ Samuel D. Peterson and Zachary Wood
READ MORE“Monopolies often fear competition more than they fear government: You can lobby government for ongoing favoritism but in a free economy, you must compete.” ~ David Hebert, John Pinheiro, and Daniel Wagner
READ MORE“The more expensive it is to boycott, the less likely the boycott will succeed. What affects the costs of participating in a boycott? The answers to this question are simple: time, money, and quality.” ~ Ramon DeGennaro
READ MORE“Many would argue that this is problematic for the average fan who is not able to afford to pay for tickets. Is it fair that the die-hard fans, who have consistently been going to games, now face extraordinary costs to see Messi?” ~ Laura Arce
READ MORE“Remember, transaction costs are triangulation, transfer, and trust.” ~ Michael Munger
READ MORE“The economic might of the United States is built on free enterprise. The assaults on private property and the rule of law by Washington insiders threaten the system on which our prosperity depends.” ~ Alexander W. Salter
READ MORE“After spending much of his life fighting for liberty and defending freedom, Walter passed peacefully in his sleep.” ~ Brad DeVos
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