Does Trump Know Anything?

If Trump really wanted to run the government like a business, he'd have to abolish taxation and offer government's purported services in a competitive marketplace. Without competition and a true profit-and-loss test, government cannot be like a business. Prospective buyers must be free to say no to sellers and to go elsewhere if they wish -- and I don't mean to another country.

TGIF: The Pope Dabbles in Economics

The pope’s concern with the poor and excluded is well-placed. We should not tolerate their condition or its causes. But what the poor and excluded need are freedom and freed markets — really free markets, not “the prevailing economic system” — so they may be liberated from the oppression that holds them back.

Read it here.

TGIF: The Market Is a Beautiful Thing

Market advocates tend to respect the intellect of their fellow human beings. You can tell by their reliance on philosophical, moral, economic, and historical arguments when trying to persuade others. But what if most people’s aversion to the market isn’t founded in philosophy, morality, economics, or history? What if their objection is aesthetic?

Read TGIF: "The Market Is a Beautiful Thing"

Latest Appearance on Scott Horton Show

Scott Horton interviewed me last week about Bastiat's theory of how free markets socialize wealth. Listen here.

TGIF: Bastiat on the Socialization of Wealth

My latest TGIF explores an aspect of Bastiat's thought that gets too little attention: "Bastiat on the Socialization of Wealth."

My Case for Socializing the Means of Production

From Cato Unbound:

In a sweeping essay, Sheldon Richman explains why private property and free competition are superior to state-provided goods and services. He warns against granting "private" corporate monopolies, which are not true privatizations, but act as arms of the state. He adds that for many state activities, the best way to privatize is not to provide the service at all — as in the case of punishing victimless crimes, which no one should do. For legitimate services, he recommends a "homesteading" approach, in which stakeholders in a public service, such as a school, would receive shares in a new, independent corporation.

See the full article.