MARKETS

Trump’s Proposal To Replace The Federal Income Tax with Tariffs

If Trump’s goal is simply to eliminate the federal income tax, then he should advocate for doing that and only that.

Wage and Price Controls Are Not the Answer to Inflation

Wage and Price Controls Are Not the Answer to Inflation

Reinforcing what economic theory tells us, evidence of the harm of price controls abounds in history, from the infamous 303 A.D. Edict of Emperor Diocletian in Ancient Rome to America’s 1970s gasoline price controls and, perhaps most infamously, New York City’s disastrous eight-decade-long experiment with rent control.

State Investing, Not ESG, Is the Political Problem

State Investing, Not ESG, Is the Political Problem

The problem isn’t so much that a company takes ideological considerations into account in its business practices so much as that governments — such as state-run pension funds — are imposing ideological agendas on businesses via this financial control.

Wage Rates Under Capitalism

Wage Rates Under Capitalism

In a free market, within the limit of his abilities, each person chooses that job which he believes offers him the best combination of money and nonmonetary considerations. In so doing, he simultaneously acts for his own maximum well-being and for that of the consumers who buy the ultimate products his labor helps to produce.

Privatize Disaster Relief

Privatize Disaster Relief

The better approach to disasters relies on private initiative, markets, and insurance instead of ineffective government bureaucracies and bloated budgets. Every aspect of disaster relief can be privatized, or rather re-privatized, and should be, if policymakers want to save lives and money.

Commodity Speculation in a Free-Market

Commodity Speculation in a Free-Market

Speculative activity, of course, is not limited to anticipating just future scarcities. Rather, it seeks in general to balance consumption and production over time by accumulating stocks of commodities and regulating their rate of consumption.

The Landlord Shrugged

The Landlord Shrugged

Government officials love to loudly proclaim the great benefits that tenants will enjoy by restricting and controlling landlords. The folly of their schemes will become clear when they discover that the landlord shrugged.

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