When there’s no competition for services such as welfare and unemployment insurance, there’s no market discipline forcing government bureaucracies to listen to its “customers.”
It was only after the creation of wealth that Florence was able to afford such ambitious artistic achievement.
There are billions more of us humans than there used to be and most of us are living far better than our species has ever lived.
If we eliminate all government-granted monopolies, people could compete with lawyers, even doctors.
The Myanmar miracle marches on, but don’t stop holding your breath. Great hazards are emerging ahead.
When groups are pitted against each other, politics, not markets, determine resource allocation priorities and economic rewards.
Netflix's Blacklist, featuring a former respected surgeon-turned-fugitive, raises complex questions about market demand.
Most people probably don’t think of free markets as beautiful. They’re dynamic. They’re productive. They’re useful. But beautiful? That’s not really a word we associate with them.