Bureaucracy and Regulation

After the merger wave of 1898 and 1899, big business wanted relief from antitrust suits and protection from price-cutting.

Tate Fegley argues that government schools fail to teach sound economics not necessarily out of malice, but because they have no incentive to teach

As governments grow in size and power, some come to believe that this growth can go on indefinitely. But state power, too, has its limitations.

Modern civil rights laws and policies have made a large number of people better off. However, the beneficiaries are not the people that the civil rights establishment claims to be helping. No one understands this better than the great economist, Thomas Sowell.

When government regulates or produces electricity, it claims to act in the name of conservation, or preventing “profligacy” by customers. Yet, only free markets can decide what is “profligate” and what is not.

Labor unions and the general public almost totally ignore the essential role played by falling prices in achieving rising real wages.

Monetary authorities are wanting to remove currency and coin from the economy altogether and just have electronic transfers. That would be a mistake that would damage the free market.

Not even your Roomba vacuum cleaner is safe from state control. Time for the state to give up all economic controls across the board.

Not even your Roomba vacuum cleaner is safe from state control. Time for the state to give up all economic controls across the board.

Vail recognized that market competition and “regulation and control are inconsistent with each other, and cannot be had at the same time.” Obviously, Vail favored the latter.