Topic: Free Markets

The Opportunity Costs of FTC Merger Meddling

– August 20, 2023

“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

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State Development Incentives:  The Only Solution is Not to Play

– August 15, 2023

“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

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Maximizers and Monopolies, A Benefit to Society

– August 13, 2023

“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

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The Ludwig von Mises: Catallactic Converter

– August 9, 2023

” An emergent system of division of labor based on impersonal commercial exchange, then, can substitute for benevolence.” ~ Michael Munger

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What ESGers Don’t Understand

– August 8, 2023

“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

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Opioids, Fentanyl, and the War on Drugs 

– July 30, 2023

“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

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Competition, Virtue, and the PGA-LIV Saga

– July 29, 2023

“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

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Not All Boycotts are Equal

– July 25, 2023

“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

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Messi is Moving to Miami: Who’s the Biggest Winner?

– July 16, 2023

“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

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To Consumers, All Costs are Transaction Costs

– June 13, 2023

“Remember, transaction costs are triangulation, transfer, and trust.” ~ Michael Munger

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American Economic Renewal: Demand-Side Foundations of Supply-Side Prosperity

– June 12, 2023

“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

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In Memoriam: Walter LeCroy

– June 11, 2023

“After spending much of his life fighting for liberty and defending freedom, Walter passed peacefully in his sleep.” ~ Brad DeVos

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