Private Credit and the Infinite Regress of Financial Regulation
This is not a cycle of greed. It is spontaneous order doing what it always does: finding the path around the obstruction.
This is not a cycle of greed. It is spontaneous order doing what it always does: finding the path around the obstruction.
Bill Anderson offers a ground-level view of California's decline, arguing that the state's deep entanglement of government with water, energy, housing, and transportation has created a self-reinforcing system where every new crisis produces more regulation, more spending, and fewer productive citizens.
The federal income tax is the crown jewel of a massive welfare-warfare state.
Antitrust populists claimed blocking the Spirit–JetBlue merger would protect competition and consumers. But their effort led to an intervention that strengthened the very oligopoly they set out to fight.
States like California are learning this in real time, as high-income earners relocate in response to rising tax pressure and growing fiscal uncertainty.
Antitrust populists claimed blocking the Spirit–JetBlue merger would protect competition and consumers. But their effort led to an intervention that strengthened the very oligopoly they set out to fight.
The system does not break all at once; it wears down slowly, through a steady loss of purchasing power that households are already beginning to feel.
The regulatory state is also the entity that stifles competition, reduces economic cooperation, and impedes the production of wealth.
The dearth of child-bearing in western countries like the US is seen as a political crisis. Yet, if there is any place in our lives where government should stay out, it is in the area of childbirth.
The dearth of child-bearing in western countries like the US is seen as a political crisis. Yet, if there is any place in our lives where government should stay out, it is in the area of childbirth.