Free Markets

World Cup tickets are a hot commodity with prices through the roof. Naturally, governments want to do what governments always do unsuccessfully: levy price controls.

It's not the starving artist who resents capitalism—it's the millionaire columnist.

The free market facilitates mutually-beneficial exchanges that create wealth where it would not otherwise exist, but the market miracle can only exist under certain conditions.

Many economists believe that expanding the money supply helps create and facilitate economic growth. That is not the case.

The common belief is that intellectual property rights must be in place, otherwise, entrepreneurs would be reluctant to face uncertain profitability. Well, entrepreneurs already face uncertainty and act, anyway.

The common belief is that intellectual property rights must be in place, otherwise, entrepreneurs would be reluctant to face uncertain profitability. Well, entrepreneurs already face uncertainty and act, anyway.

Prediction markets, while obviously imperfect, still work well because people voluntarily put their money where their beliefs are. Naturally, the government wants to shut them down.

Prediction markets, while obviously imperfect, still work well because people voluntarily put their money where their beliefs are. Naturally, the government wants to shut them down.

As I see it now, there are really two economies—two distinct systems of producing and exchanging wealth. Or rather, two systems that purport to do these things.

Buc-ee’s—the roadside travel phenomenon—seems to cater to the extremes in our society. Either customers love shopping at the place or it is yet another symbol of capitalist oppression.