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.”
free market
March 10, 2016
11:06AM
It was only after the creation of wealth that Florence was able to afford such ambitious artistic achievement.
February 19, 2016
8:35AM
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.
January 7, 2016
3:00AM
If we eliminate all government-granted monopolies, people could compete with lawyers, even doctors.
December 14, 2015
9:58AM
The Myanmar miracle marches on, but don’t stop holding your breath. Great hazards are emerging ahead.
October 16, 2015
1:34PM
When groups are pitted against each other, politics, not markets, determine resource allocation priorities and economic rewards.
October 8, 2015
4:00AM
Netflix's Blacklist, featuring a former respected surgeon-turned-fugitive, raises complex questions about market demand.
September 24, 2015
8:46AM
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.