Ignorance Is More Costly in Politics than in Markets
Not understanding how politics works will prove to be much more harmful than ignorance about how markets work.
Not understanding how politics works will prove to be much more harmful than ignorance about how markets work.
We are less than a month away from the election and it can not be over soon enough.
Repealing the 17th Amendment will not change the US Senate into a hotbed of decentralizers and free-marketers.
Cato's Letters 69 and 70 focused on the British election of 1722. But they also provide useful insights Americans should consider this November.
When new and burgeoning markets find themselves operating in unregulated territories, it does not take long for the state to intervene.
Compared to Europe and Asia, the "frontier states" of the Americas really are something different.
Some health-industry interest groups think you have too much freedom when it comes to contact lenses.
The cronyist American Medical Association has forced doctors to choose between protecting "the profession" and protecting their patients.
The claims about a "moneyless" utopian village in India turn out to be false. No one with an understanding of economics should be surprised.
Alarmed by successful entrepreneurship and low prices for consumers, government seeks, yet again, to shut down small businesses.