Regulation

How Government Created the Baby Formula Shortage

—and a Black Market for ‘Unapproved’ European Imports.

Voice of Capitalism

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Biden’s California Dream

A good thing about America having 50 states is that when states fail, we can learn from their mistakes. People defeated by California’s rules move to Nevada or Texas. But if the federal government adopts California’s rules, where can we move?

Politicians Not Letting The Coronavirus Crisis Go To Waste

In normal times the government supports many bad, irresponsible, and unjust policies, driven in part by perverse incentives. Not the least of these is an imprudent eagerness to please special interests. Emergencies and the resulting panic only further loosen whatever weak restraints there normally are against government misbehavior and malfunction.

State Licensing Regulations Limit Competition

Byzantine state laws demand you get a state-approved license before you may become a hairdresser, tour guide, travel agent, house painter and all sorts of other jobs where customer happiness should be the guide.