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OpenMarket: Business and Government

  • VIDEO: Reforming Antitrust for Global Competitiveness

    March 27, 2020
    The Information Technology and Innovation Foundation recently hosted its latest virtual event, “Reforming Antitrust Policy for an Era of Global Competitiveness.” ITIF President Rob Atkinson set up the discussion with the premise that European Union and United States antitrust policy may need to change—that is, loosen—to accommodate the consolidation of national champion-type firms in China.
  • Pandemic Economy: Toilet Paper Supplies Stretched, But Strong

    March 26, 2020
    American consumers, worried about the future of the coronavirus pandemic have continued to buy out available stocks of key products. However, temporary shortages are the exception that proves the rule: the American consumer economy is doing an extremely good job under extraordinary stress, and we have a decentralized market economy to thank for that.
  • House Democrats’ Third Coronavirus Supplemental Appropriation Bill Is an Outrage

    March 26, 2020
    The Take Responsibility for Workers and Families Act is the most irresponsible piece of fiscal legislation to come out of the profligate Congress for a long time, at $2.5 trillion. It is an insult to a nation in the throes of a scary pandemic, witnessing horrific deaths from oxygen starvation, with no obvious end in sight.
  • Gingrich Praise of Huawei is Dangerously Misguided

    March 25, 2020
    After attempting to cover up the spread of the novel coronavirus responsible for the COVID-19 pandemic, the Chinese Communist Party is now engaged in a global propaganda campaign to improve its image and future economic position. Such behavior isn’t surprising from that regime. What is surprising is that former Speaker of the House Newt Gingrich seems to have fallen for it.
  • A Billion Here, a Billion There …

    March 19, 2020
    Amidst all these temporary war powers, rules, regulations, commands, restrictions, bailouts, and stimulus packages, it is wise to remember the words of Milton Friedman: “Nothing is so permanent as a temporary government program.” I remember when a $1 billion was a lot of money. Now people are tossing billions around like it was chump change.
  • Post-Corona Politics: Opportunities and Threats

    March 19, 2020

    There is a lot of attention being paid to the latest emergency legislation being proposed to address the coronavirus pandemic, from $1,000 checks for every American to paid leave for U.S. workers to a bailout for the airline industry. While those proposals are debated and implemented, however, we have the opportunity to think about what lessons the current crisis can teach us about longer term changes. Political observers often facetiously use the phrase “never let a crisis go to waste” to refer to a cynical attempt to hijack an emergency with unrelated priorities, but if the dislocations caused by our current...

  • Getting Rid of #NeverNeeded Regulations Hindering Coronavirus Response

    March 18, 2020
    What can Washington do to minimize harm from the coronavirus? Some of the best policy responses are coming not from imposing new regulations, but from loosening old ones. In fact, many such rules were never needed in the first place. To that end, a Twitter hashtag, #NeverNeeded, is collecting a small but growing list of ideas for rules to get rid of, as well as rules that already have been eased.
  • Toilet Paper Economics: Emergency Capitalism Still Better Than Normal Socialism

    March 17, 2020

    There are quite a few hot takes circulating at the moment about how grocery stores temporarily running out of toilet paper amid the current coronavirus pandemic is a stinging indictment of a capitalist economy. Most of those takes are not serious enough to be worth refuting, but apparently it bears repeating that consumer choice in a free society during difficult times is still better than the options that are available under normal conditions in a socialist society.

    I blogged a while back about how most Americans who tell pollsters that they approve of “socialism” aren’t talking about the life they would experience under an actual socialist regime. When they say they like socialism they mean...

  • Liberty in the Time of Coronavirus Part 2

    March 16, 2020
    Much of the money dedicated to medical research and services comes from the federal government. While some may see this is a good way to coordinate efforts on important health goals, libertarians have criticized this top-down influence for corrupting the reliability of research.
  • Regulation, Confusion, and the Irony of Emergency COVID-19 Testing

    March 16, 2020
    By now, readers are aware that testing in the United States for the novel coronavirus COVID-19 has been embarrassingly slow. Less well known is that overregulation is largely to blame. And the biggest obstacle to more expedient testing has been, ironically, a law intended to expedite treatment during public health emergencies.

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