The Economic Effects of the Government’s Response to COVID-19
Mark Thornton speaks to the Auburn Rotary Club.
Bureaucracy and Regulation
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As Oil Craters, Mexico’s Government Still Bets on Its Oil Monopoly
With oil prices in likely long-term tailspin, corrupt governments can't count on oil sales to bail them out anymore. But Mexico's government didn't get the memo and still clings to the state oil monopoly.
As Oil Craters, Mexico’s Government Still Bets on Its Oil Monopoly
With oil prices in likely long-term tailspin, corrupt governments can't count on oil sales to bail them out anymore. But Mexico's government didn't get the memo and still clings to the state oil monopoly.
America Is a Technocracy, Not a Democracy
The people who really run the country are unelected "experts" and bureaucrats at the central banks, at public health agencies, spy agencies, and an expanding network of boards and commissions.
Deregulation Is the Path to Increasing the Supply of Medical Services
If we're serious about increasing the capacity of our medical institutions, free trade and deregulation offer real solutions.
America Is a Technocracy, Not a Democracy
The people who really run the country are unelected "experts" and bureaucrats at the central banks, at public health agencies, spy agencies, and an expanding network of boards and commissions.
Testing Deregulation Can Help Fight COVID-19
Many argue that unregulated markets would fail due to lack of consumer knowledge, or information asymmetry. But competition in free markets actually gives rise to all kinds of mechanisms that help consumers make informed decisions. This is as true of medical tests for any other good.
The Crisis Has Exposed the Damage Done by Government Regulations
The shortages and lack of flexibility caused by government red tape during the COVID-19 crisis has forced many governments to rethink their many arbitrary and unnecessary regulations.
How Shutdowns Will Keep Killing the Economy, Even When They’re Over
Part of what made the Great Depression last so long was increased uncertainty about what regulation or tax the government might impose next. Today's looming threat of ongoing "shutdowns" creates a very similar situation.
COVID-19 Is Forcing Governments to Admit Their Regulations Aren’t Really Necessary
From medical practices to grocery shipments, governments are loosening restrictions in order to keep goods and services affordable. But if these restrictions are unnecessary now, why claim they are ever necessary?
