When the tall, athletically-built twenty-something told me that she made a living as a dominatrix, I didn’t bat an eye. This was Freedom Fest, after all, and there was something […]
Tag: Regulation
Remdesivir and Lessons in Pandemic Drug Approvals
Call it the result of the Covid pandemic attitude of “Do something, anything!” That’s alongside the lockdowns, exhortations to wear ever more masks at one time, bizarre travel restrictions, and […]
The Misuse of Knowledge in Society: Intervention Means Prices are Lying
In his excellent book The Undercover Economist, Tim Harford referred to a competitive market as a “world of truth.” The free market’s invisible hand leads us to produce the right […]
How the Fed Can Improve Financial Stability and Reduce Inequality
One of the most important economic questions facing President Biden is whom to appoint as chair of the Federal Reserve. While many consider current Fed Chair Jerome Powell to be […]
Government Opposition to Bitcoin
The network effects problem is not the only obstacle caused by the widespread use of incumbent monies. Since the vast majority of incumbent monies are issued by governments, those considering […]
Markets Already Internalize Externalities
One common and fashionable charge levied against free enterprise is that private transactions don’t take into account their impact on third parties. Economists call this “externalities,” as the damage (negative) […]
Was the OnlyFans Ban a Symptom of Creeping Financial Censorship?
Many people were shocked when OnlyFans, a popular website for porn, recently announced that it would ban “explicit conduct.” Less explicit nudity consistent with its acceptable use policy would still […]
The Year of Corporate Discontent
If you thought things were crazy on the corporate scene over the last few years, you should check out what happened in 1970. It is the stuff of blockbuster books […]