To better understand the nature of government, one can think of it as an agency that sells or, more precisely, rents power to others. The greater the power and the wider its scope, the more opportunities the state's agents will have to sell access to it in return for...
In a recent issue, Time Magazine boldly declared, “The Free Market Is Dead,” and then added: “What Will Replace It?” Of course, one always can expect Time to be disingenuous at best and dishonest at worst, and as an academic economist, I have come to realize that...
I’ve previously criticized George Mason economist Alex Tabarrok’s views on patents.1 For example, as noted in Patent Policy on the Back of a Napkin, Tabarrok makes a Laffer-curve style argument that patent rights are currently “too strong.” Of course, he is correct...
For years a consistent refrain in American politics has bewailed an increasingly polarized political atmosphere. As the Pew Research Center observes, for the first time in almost 25 years, “majorities in both parties express not just unfavorable but very unfavorable...
The Covid-19 crisis is fueling a race to find solutions for the problem while also shutting down large parts of the economy and giving governments enormous economic powers. Except for wartime mobilization, this situation is unprecedented. In this article I discuss...
The World Trade Organization (WTO) is in a state of crisis. Despite grandiose dreams of a global trade organization that would enforce global bureaucrats' broad vision for multilateral trade agreements, the world looks more and more like it neither wants nor needs an...
Capitalism creates poverty. Capitalism has stolen our future. Capitalism ravages the planet. Capitalism oppresses us. Capitalism needs to be controlled by government or it will throw most of us into poverty and misery and enrich only the well-placed few. These are not...
I'm a healthy 48-year old anesthesiologist. At least I was healthy until an unintentional 20 pound weight loss over the summer, accompanied by unquenchable thirst, insatiable appetite, blurry vision, and the bathroom frequency of an elderly prostatic. My lab workup...
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