The Case Against Rent Control

Tuesday, November 25th, 2014 by posted in Capitalism, Economics, Regulation.

Reprinted from The Freeman To someone ignorant of economic reasoning, rent control seems like a great policy. It appears instantly to provide “affordable housing” to poor tenants, while the only apparent downside is a reduction in the income flowing to

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Ebola Won’t Wait for the FDA

Wednesday, October 29th, 2014 by posted in Capitalism, Economics, Regulation.

Just as fear of Ebola gaining a foothold in the United States in Dallas seemed to be passing, a new case has appeared in New York City. Even if we are so fortunate that no further cases result from this

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Regulate through taxation

Wednesday, October 29th, 2014 by posted in Capitalism, Civil Liberties, Economics.

One lesson from the United States’ Obamacare debacle has been that if Congress can’t get its way through regulation, it can always resort to taxes. At least that’s the Supreme Court’s view, after it declared the Affordable Care Act constitutional

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Abolish Antitrust Laws

Wednesday, October 22nd, 2014 by posted in Capitalism, Economics.

[This essay is excerpted from chapter 3 of Murray N. Rothbard’s Power and Market: Government and Economy.] It may seem strange to the reader that one of the most important governmental checks on efficient competition, and therefore grants of quasi

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The War on Airbnb

Friday, August 29th, 2014 by posted in Capitalism, Economics.

The web startup Airbnb is finding itself in hot water lately. A peer-to-peer service that matches renters with rentiers, the company is under attack by entrenched lodging businesses such as hotels. It’s easy to see why. The company, which is

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Argentina – the Economic Backdrop to the Default

Tuesday, August 19th, 2014 by posted in Capitalism, History.

Reprinted from The Default is a Minor Problem – Argentina’s Real Problem is Something Else Entirely By now it is well known that Argentina has been declared in default by the major credit rating agencies. This has happened in

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Peacefully Staring Down the State

Friday, July 4th, 2014 by posted in Civil Liberties, Philosophy, Politics.
tankman teaser

Reprinted from How do you think the American public, even as supine as it is, would respond if the Federal government were to attempt to re-assign everybody’s children to other parents; to force everybody to burn their Bibles and

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Living Like a Refugee

Tuesday, July 1st, 2014 by posted in Capitalism, Regulation.
Waiting-in-Airport teaser

Reprinted from For one evening, I was the most valuable person in the world. About 10 people regarded me this way, in any case. They were 10 among five hundred of my fellow refugees, sleeping on cots under bright

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In Defense of the Silk Road

Monday, June 16th, 2014 by posted in Capitalism, Regulation, War on Drugs.
silk_road01 teaser

Reprinted from Remember Napster? It was a solution that was strangled by government. But this action killed nothing. It started a new era of file sharing and online music distribution that has changed the dynamic of the world economy.

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Crony Capitalism has Government Approval

Tuesday, June 3rd, 2014 by posted in Banking, Capitalism, Regulation.
capitalism teaser

Reprinted from Canadian Electronics Magazine When Judge Richard Posner, the prolific conservative intellectual, released his book “A Failure of Capitalism: The Crisis of ‘08 and the Descent Into Depression” last year, you might have thought the final verdict was in:

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The Folly of Government Bank Regulation

Monday, May 19th, 2014 by posted in Banking, Capitalism, Economics, Regulation.
VA/DOD Response to Certain Military Exposures

Nothing gets the liberal press’s pom-poms twirling like the threat of bank regulation. Ever since the financial crisis in 2008 and subsequent bailout of Wall Street, progressive pols have had their sights set on the banking class. The animosity makes

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Review: The Rule of Nobody

Friday, May 9th, 2014 by posted in Politics, Regulation.

In his new book The Rule of Nobody, author Philip K. Howard argues that a relentless piling up of laws and regulations has made our government inhuman, inefficient, and incapable of fulfilling its core duties of serving the public interest.


Let a Thousand Home Businesses Bloom

Tuesday, April 22nd, 2014 by posted in Capitalism, Economics, Regulation.
square teaser

Reprinted from Imagine you’re out of work. But you’ve got capital in your talents, your home, and your family and friends. You might try to start a microbusiness at home to earn a little extra income and make ends

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Tragedy of the Commons and Species Extinction

Wednesday, November 6th, 2013 by posted in Capitalism, Economics, Environment.
elephant teaser

Reprinted from According to Barbara Amiel, “a rapacious Asian demand for ivory is creating such terrible killing fields that elephants face extinction by poaching.” She writes this bit of economic illiteracy in Maclean’s Magazine (October 7, 2013, pp. 12-13). Before probing the


The FDA: A Pain From the Neck to the Big Toe

Monday, November 4th, 2013 by posted in Capitalism, Economics, Regulation.
pills money teaser

Reprinted from I recently experienced severe pain in my feet, particularly in the big toes. In my imagination it felt like my feet had been run over by a truck and that several of my toes had been broken.


Enron: The Perils of Interventionism

Wednesday, October 30th, 2013 by posted in Capitalism, Economics.
enron teaser

Reprinted from Library of Economics and Liberty In mainstream thought, the fall of the once-iconic Enron Corporation (1986-2001) has become “Exhibit A” against unbridled business. To capitalism’s critics, its collapse was about more than one company’s bad management. Enron exposed

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Just Another Marijuana Bust in Alberta

Tuesday, July 23rd, 2013 by posted in Civil Liberties, Law, War on Drugs.

The other day a 34-year old man from Edmonton was busted for driving a van full of marijuana. The RCMP pulled him over on Highway 1 near Canmore; they found over 300 pounds of product. Now the man is out

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How to Regulate the Market

Tuesday, July 16th, 2013 by posted in Economics, Education, Philosophy, Regulation.
Close-up of Gavel and hammer wrapped in paper currency

Someone named Omar brought up a very good point in comments section on my last post. Here’s the question: “If a planned economy through the control of the money supply and interest rates results in an unfair allocation of resources,


Federal Regulations Have Made You 75 Percent Poorer

Tuesday, July 2nd, 2013 by posted in Capitalism, Economics.
red tape teaser

Republished from The growth of federal regulations over the past six decades has cut U.S. economic growth by an average of 2 percentage points per year, according to a new study in the Journal of Economic Growth. As a result, the average

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The Lesson of Sarah Murnaghan

Saturday, June 22nd, 2013 by posted in Capitalism, Economics, Philosophy, Regulation.

The story of 10-year-old Sarah Murnaghan is something out of feel-good television drama. Here was a young girl fighting for her life as her parents made a desperate plea for public sympathy. Murnaghan needed a lung transplant as a result