“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
READ MOREIn this episode of Liberty Curious, Kate Wand sat down with Phillip W. Magness to discuss the true implications of tariffs and protectionism and how they have shaped America’s economic landscape.
READ MORE“Much of the growth of the SEC can be seen as a variation of the ‘Baptists and bootleggers’ story, where the SEC is the bootlegger earning bigger budgets by combining with people who believe that its nostrums protect investors, even when they do not.” ~Robert E. Wright
READ MORE“As ever more stringent measures are taken to ‘curb climate change,’ for instance, ever more anger will erupt over their impositions. The days of distant elites toying with our lives, in other words, are numbered.” ~Paul Schwennesen
READ MORE“As a civilization, we don’t replace prior energy sources; we add to them with better ones. Clarification: Better means cheaper or denser energy sources that therefore packs more punch.” ~Joakim Book
READ MORE“If protectionism makes supply chains more robust, then we should expect to see that in the data. A quick overview shows, however, that protected industries are more vulnerable to shocks than less-protected industries.” ~Jon Murphy
READ MORE“Obamacare offerings are often inferior to those available in the short-term market, even with huge taxpayer subsidies and transfers from the real suckers who are forced to overpay for their care.” ~Gary M. Galles
READ MORE“The FTC argues that Amazon’s market power inhibits the ability of competitors to enter the retail superstore marketplace. Such concerns are likely overblown.” ~David Gillette and Warren Barge
READ MORE“Some Republicans’ apparent assumption that the American economy would benefit if American companies operated fully within the US badly misperceives the basic realities of globalized trade.” ~David B. McGarry
READ MORE“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
READ MORE“Zoning codes require parking based on rough estimates of demand for ‘free’ parking at the time of development, ignoring how subsequent economic changes could affect demand.” ~Jason Sorens
READ MORE“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
READ MORE250 Division Street | PO Box 1000
Great Barrington, MA 01230-1000
Press and other media outlets contact
888-528-1216
press@aier.org
This work is licensed under a
Creative Commons Attribution 4.0 International License,
except where copyright is otherwise reserved.
© 2021 American Institute for Economic Research
Privacy Policy
AIER is a 501(c)(3) Nonprofit
registered in the US under EIN: 04-2121305
Sponsor the work of leading economists and academics as they advance the study of the economic principles that underwrite human prosperity and progress via AIER.org.