Tag: Free Market

Why Have Gasoline Prices Risen Lately? »

If you wonder why prices at the gas pump have been climbing recently and are expected to continue to climb, look no further than the sharp drop in crude oil production in Venezuela, the Saudi Arabia of the Americas.

Give Freedom a Chance »

Freedom is an ongoing process.

Trump: Invest in the United States »

His words say, invest in America. His actions say otherwise.

Capitalism’s Biggest Enemies Are Capitalists »

Capitalism is by far the most effective anti-poverty program in the world’s history.

Why Subsidize the U.S. Department of Education When We Could Be Funding ESAs Ourselves? »

Last month marked the 38th anniversary of the establishment of the U.S. Department of Education. Proponents insisted that elevating the Office of Education to a Cabinet-level department would improve federal education spending efficiency as well as student achievement. Opponents countered that there is scant (if any) evidence that increasing federal control over education would...
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Fred S. McChesney, Rest in Peace »

I first met Fred S. McChesney (1948–2017) at the Federal Trade Commission in the early 1980s. Ronald Reagan had just been elected to the presidency and had appointed James C. Miller III as the FTC’s chairman. Robert D. Tollison had been confirmed as the Director of the FTC’s Bureau of Economics. I am not...
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The Core of the Classical Liberal Tradition: Adam Smith’s Concept of Justice »

One of the best-known quotations from Adam Smith’s The Wealth of Nations (1776) defines natural liberty: “Every man, as long as he does not violate the laws of justice, is left perfectly free to pursue his own interest his own way, and to bring both his industry and capital into competition with those of...
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A Unilateral Free Trade Policy Would Be Hugely Beneficial for Brexit Britain »

My new monograph, A Trade Policy for a Brexited Britain, was published on Friday by the Institute of Economic Affairs. Here is a brief synopsis: Adam Smith once observed that “Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to only so far...
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Tax Reform IV: Corporate Tax Reform »

The United States has one of the highest corporate income tax rates in the world. While both the Obama administration and Trump administration have criticized American companies for moving operations off-shore, and considered a variety of policies for punishing them if they do, a better approach would be to design policies that make it...
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Tax Reform III: Tax Employer Health Care Benefits; Offer a Tax Credit to Health Insurance Purchasers »

In an earlier blog post I suggested eliminating all personal tax deductions, with a possible exception related to health care. One of the well-publicized problems with the American health care system is that employer-provided health insurance is not taxed, pushing us to a system in which people get health insurance from their employers. A...
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  • MyGovCost.org
  • FDAReview.org
  • OnPower.org
  • elindependent.org