As TFTP reported, earlier this month, New York mayor Bill de Blasio expanded the already-tyrannical “Key to NYC” program which imposed a vaccination mandate for workers and customers at indoor dining, fitness, entertainment and performance venues. Anyone who wished to enter a public place would first be required to give that place a glimpse into their personal medical records by providing proof that they had taken a covid-19 vaccination. Beginning last week, this discriminatory and unscientific practice was expanded to include children, ages 5-11, who are now also forced to show proof of...
incentives
Year Zero 97: Incentives – The People vs The State
The state, politicians, and bureaucrats are not, have not, and will not be incentivized to act in your best interest, or the best interest of the citizenry. The health, wealth, and power of the state directly contradicts the interests of a free people and must be combatted through revolutionary counter-economic methods. Listen to Year Zero
Congress Lifts a Stress Off the Financial System
Congress has finally taken action to liberalize the nation's financial system. The bill was S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act. It passed both houses with a surprising degree of bipartisan support and was signed by President Trump last week on May 24. Opponents cast the bill as a gift to the largest banks that will put the economy at greater risk for a new financial crisis. In fact, the bill represents a modest and limited reform of Dodd-Frank. The law scales back an onerous regulatory exercise of questionable utility, and it actually reduces the...
TGIF: A Public Choice Perspective on Trade
Let's say you could make a strictly economic case for government interference with people's trading activities, that is, with their ability to cooperate freely with others across the world. (I have no idea what "strictly economic case" even means, but stay with me.) Would we free traders have to give up? No way. Why not? Because we could deploy solid persuasive public choice arguments against such interference. I like to think of the Public Choice school of political economy (Buchanan, Tullock, et al.) as emphasizing the incentive problem inherent in government policymaking. Where the...