Free Markets

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Week in Review: January 28 2017

The FedFree MarketsPolitical Theory

Blog01/27/2017
As expected, the first week of the Trump administration has brought a mix of good and bad.

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Free Trade versus "Free Trade"

Free MarketsInterventionism

Blog01/23/2017
To economists, free trade means absence of government interference with trade. To politicians, "free-trade" means a complex set of managed policies.

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Week in Review: January 21, 2017

Free MarketsWar and Foreign PolicyPolitical Theory

Blog01/20/2017
America has a new president, but will the new boss be the same as the old boss?

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Free Market Economics and Crony Capitalism

Corporate WelfareFree MarketsWorld History

Blog01/13/2017

Does not big business wrap itself in the mantle of free markets? If so, are not exponents of free markets supporting crony capitalism?

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Good Economics Is "Bizarre" for Minimum Wage Supporters

Free MarketsAustrian Economics Overview

What these "excuses" point to is the marginal productivity of the worker is lower than the salary the employer is forced to him pay by law.

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The "Curse" of Labor-Saving Machinery Is Nothing New

Free MarketsWorld HistoryPolitical Theory

Blog01/10/2017

Amazon's new cashier-less and staff-less store is just the latest move in a long history of innovations that have made workers obsolete.

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Europe's War on Tobacco

Corporate WelfareFree MarketsTaxes and SpendingPolitical Theory

Blog12/19/2016

Europe's tobacco bans have managed to destroy businesses without actually getting people to stop smoking.

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The European Miracle

Free MarketsLegal SystemWorld History

Blog12/14/2016

It was in Europe — and above all, America — that human beings first achieved per capita economic growth over a long period of time.

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Auburn Feature on Wall Street Journal

EducationFree MarketsU.S. Economy

Blog12/13/2016

Auburn, Alabama, is featured on the front cover of today's Wall Street Journal. I was interviewed extensively for the story, but was not mentioned. The story is about the relationship between the state university and increased manufacturing jobs.

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