Morningstar Right To Fight SEC Encroachment
“Morningstar is right to push back. If only other corporations would do likewise and not cave in to regulatory rules rooted in agency staffer self-interest rather than reason. Free markets can stand some regulation but not virtual takeover by bureaucratic fiat.” ~ Robert E. Wright
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Which Antitrust Doctrine Deserves Your Trust?
“Proper reforms should leverage more market functions, not less. In contrast, the neo-Brandeisian model will reintroduce a crippling regime of arbitrary and further unchecked state power that will surely sap the vibrancy from the American economy at a time when it is needed most.” ~ Ethan Yang
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Taking a (Lemonade) Stand for Free Enterprise
“The summertime lemonade stand serves more than just refreshing beverages. It stands as a quintessential reminder of how people of all ages love to barter and exchange, as Adam Smith once reminded us. It is in our nature. If we only had the imagination to perceive a world free from commercial barriers, much like our young entrepreneurs do, the world would be less sour and much more sweet.” ~ Anthony Gill
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Has the Government Forgotten How Society Works?
“The premise for the modern administrative state is the dubious notion that the federal government can scientifically plan the lives of hundreds of millions of people. The practical outcome is a regime of sheer incompetence and counterproductive policymaking that is fundamentally at odds with the normal functioning of society. It is a system meant not for a nation of pioneers and entrepreneurs, but hall monitors and clerks.” ~ Ethan Yang
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The 1980s Called, And It Wants Its Industrial Paranoia Back
“Sad about it all is that formerly free market conservatives have joined the echo chamber this time around, and turned the volume way up. A $250 billion industrial policy bill reminiscent of ‘80s paranoia is the result. Good work, conservatives.” ~ John Tamny
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Bureaucracy as Constituency
“As long as the federal bureaucracy remains largely unchecked, expect to see that bureaucracy grow unabated. Expect to see laws getting longer and more complex by the year. And expect to see no one in Washington taking responsibility for a federal government that has been out of control for the better part of a century.” ~ Antony Davies & James R. Harrigan
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What’s New is Old: The Left Turns Originalist
“The New/Old Antitrust Paradigm would reverse the presumption of legality in mergers and acquisitions, placing the burden of proof on economic actors to want to do…well, almost anything. Any economic restructuring of a business is contingent on obtaining the permission and chop of the appropriate bureaucrats and, incredibly, other ‘stakeholders’ such as competitors and labor organizations.” ~ Michael Munger
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New Leak of Taxpayer Info Is (More) Evidence of IRS Corruption
“What’s especially disgusting is that the Biden Administration wants to reward IRS corruption with giant budget increases, bolstered by utterly fraudulent numbers. Needless to say, that would be a terrible idea, and sadly, Republicans in the past have been sympathetic to expanding the size of the tax bureaucracy.” ~ Daniel J. Mitchell
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The Super-Rich Are Not Who You Think They Are!
“The work of Scott provides a powerful illustration of the importance of the qualification proposed by defenders of the super-rich. It is not wealth that is problematic, it is wealth generated by muting the forces of the market process (i.e. by rent-seeking). In other words, the policies that produce inequality matter!” ~ Vincent Geloso
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Fighting Ransomware Doesn’t Require Banning Cryptocurrency
“With OFAC as coxswain, an embargo might achieve everything that a ban on cryptocurrency promises to achieve without depriving gamblers, outsiders, and hobbyists of a product they utilize. It would also be more effective than the status quo, which is not capable of stopping criminals who operate with impunity from noncompliant jurisdictions.” ~ J.P. Koning
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Biden’s Lumber Protectionism is Commercial Quarantine
“Biden’s doubling of Trump’s lumber tariffs will hurt US consumers, protect American firms from competition, and encourage further rent seeking.” ~ Peter C. Earle
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Shadow of the State or Sunshine of Civil Society
“We are often too quick to pull the trigger on government regulation whenever we suspect a problem exists. It is important to first ask what civil society can do (or is doing) to mitigate that problem before deferring to the coercive shadowy state.” ~ Anthony Gill
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