Blog
Market Dominance Doesn’t Last; Regulation Shouldn’t Either
One of the justifications for heavy regulation of large companies is that they use market power to crush competition and maintain market dominance. Yet the…
The Freeman
Why Government Should Not Regulate the App Economy
In Damon Runyon’s Broadway stories (and in the musical Guys and Dolls), a gambler named Nathan Detroit hosts New York’s oldest established floating crap game,…
National Review
The Administration Is Ruling by Decree
Yesterday, the Department of Labor unexpectedly issued a new rule (which it called an interpretation) that will upend thousands of businesses’ established practices. It did…
Blog
Three Economists Had the Answer to the President’s Questions
Last night at the State of the Union, the President asked three questions regarding domestic policy (I’ll leave the foreign policy question to others). They…
Blog
The EU Faces Many Challenges in 2016
The EU is in a quiet crisis. For the first time it faces the prospect of a major economy leaving the EU voluntarily. Its internal…
Blog
Promoting Economic Freedom in 2016
It was Marxists who wanted permanent revolution, but it is capitalists who have delivered it. The last 50 years have seen a sustained revolution in…