Interventionism

The cabinets come and go, but the bureaus remain.

In a recent blog post Professor J. Bradford DeLong encourages a new follower to read Bastiat because he is a good economist and a modern liberal.

Higher education degrees no longer hold any value for employers.

As public faith in elections falls, and politicians foist an ever greater burden on us, a true populist opposition movement may be growing.

The federal government is again trying to take free choice away from borrowers by imposing new regulations on short-term loans like payday lending.

In New York, hotel industry groups have successfully lobbied to outlaw their competition.

Regulation makes many firms larger and more bureaucratic than they would otherwise be.

Because the only thing government is worse at than pricing risk, is learning from past mistakes.

The NCAA is a powerful taxpayer-subsidized cartel that largely exists to deny the athletes the compensation they would earn in a working marketplace.

As Peter Klein explains, resources in a modern economy are complex and specific — which is why we need free markets.