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OpenMarket: Property Rights

  • Weighing Bad Capitalism and Good Socialism

    December 24, 2019
    Recently economics professor Walter Block of Loyola University New Orleans wrote a great op-ed for The Wall Street Journal titled “Bad Capitalism and Good Socialism.” It helps clarify some confusion about the relative merits of different economic systems and the ostensible aspects of capitalism and socialism that people most often object to.
  • Best Books of 2019: The Narrow Corridor

    December 19, 2019
    Predatory governments with high corruption, that don’t respect political and economic freedoms, are extractive. Countries with these sorts of institutions tend to be both poor and repressive. Countries with inclusive institutions, such as strong property rights, democratic accountability, and the rule of law, tend to be both wealthy and free.
  • Twitter's Ban on Political Ads Has No First Amendment Implications

    October 31, 2019
    Twitter Chief Executive Jack Dorsey announced that the social media platform will ban all political advertising. This comes on the heels of Facebook’s recent announcement that the company won’t fact check political ads on their platform. Whichever tack tech companies take with their privately owned platforms, there are no First Amendment implications. The First Amendment prevents only the government from making laws that abridge freedom of speech.
  • EPA Streamlines Infrastructure Approval Process under Clean Water Act

    June 7, 2019
    Making good on its promise in Executive Order 13868  to combat the abuse of section 401 of the Clean Water Act by states seeking to block fossil energy infrastructure projects, the Environmental Protection Agency today issued updated guidance for states on implementing this provision. 
  • Venezuela and Rwanda: A Tale of Two Countries, Different Paths

    June 6, 2019
    The 21st century Venezuela is a failure. It failed because it adopted socialism. Paul Larkin, Senior Legal Research Fellow at the Heritage Foundation, remarked in his talk “The Framers’ View of Property” that “For about a year, we have been lectured about the alleged virtues of socialism, despite the fact that we have a living example in Venezuela of what socialism tends to produce: no power, no food, no water, military rule, and people forced to buy used toilet paper.”
  • VIDEO: Ending Police Harassment of Small Business in India

    May 31, 2019
    Our friends at the Atlas Network have an excellent new video out about legal reform in India that is helping small businesspeople stand up to corrupt government officials and make an honest living.
  • Regulatory Costs of Anti-Property Approaches to Environmental Concerns

    May 23, 2019
    Environmental regulations transfer substantial wealth and can be subject to the same political failure and regulatory pork-barreling that characterize economic regulation—perhaps more so, given the international scale of control sought, and some of the movement’s anti-market roots.  
  • Warren Wealth Tax Proposal Raises Constitutional Questions

    January 25, 2019
    Sen. Elizabeth Warren (D-MA) has proposed a new wealth tax. We don’t know a lot of details on what is being proposed, but what little we do know suggests there is a constitutional problem. The Washington Post reported yesterday that Warren is being advised by two economists “on a proposal to levy a 2 percent wealth tax on Americans with assets above $50 million, as well as a 3 percent wealth tax on those who have more than $1 billion.”
  • Courts Should Protect Economic Liberty Rights As Originally Understood

    January 23, 2019
    The prohibition on taking a person’s liberty without due process of law is enshrined in the Constitution’s Fifth and Fourteenth Amendments. But what does this mean? Does “liberty” only mean not being imprisoned, as some people have claimed, or is it far broader than that? In a new post on the Federalist Society’s blog, I argue that liberty, as originally understood by our Founders, was far broader than lack of imprisonment.
  • How to Articulate a Free-Market Vision for the Future

    October 16, 2018

    The Competitive Enterprise Institute views most market failure rationales for government intervention as wrong, overstated, or unproven (or all of the above). The Competitive Enterprise Institute views most market failure rationales for government intervention as wrong, overstated, or unproven (or all of the above). That belief is very difficult to test, however, because government has seized control of the relevant resources and blocks the market discovery process. 

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