Interventionism

With another steel producer set to leave the UK, some are proposing that the UK government run the steel industry itself.

We can have a competitive marketplace if government will just get out of the way and stop erecting barriers to creating new businesses and new competitors for established companies.

Private owners are perfectly capable of deciding how their bathrooms can best be used. It's not a religious matter.

Decades of government mismanagement has wreaked havoc on the Apalachicola oyster industry.

Moral hazard is a vital concept for economics. We should be careful not to let critics trivialize or dismiss it; when they do, calls for government intervention and special privileges are seldom far behind.

The pragmatist looks for areas where the economy and society fall short of the Garden of Eden, and these, of course, abound. Poverty, unemployment, old people with scurvy, young people with cavities — the list is indeed endless.

In his Newsweek column, Henry Hazlitt addresses inflation, deflation, and criticisms of capitalism by "democratic socialists." 

Democratic socialism in Britain in the late 1940s brought a wave of shortages with rations falling even below WWII standards.

Why is the aviation world all atwitter? Peter Klein explains what free market competition is and is not.

California is on the verge of increasing the statewide minimum wage to $15, from $10. According to one pro-minimum wage policy advisor, "It would mean a raise for one of every three workers in the state."