Go To ↓ Navigation & Information Other Information

Category Archives: Monopolization / Regulation

Economists for centuries have mostly been for free trade.  The namesake of this blog, Frederic Bastiat, was among the most outspoken free traders of his day.  You can read a bit about Bastiat here.   You will find a link to his short, but famous “Petition” on that page.  It is well worth reading. It […]

In the headline here, I am not saying that people do not cause droughts, because some droughts somewhere might be caused by man-made climate change.  That could be.   The point here is simply that droughts do not cause the shortages.  We will get to this point later. For now, let us understand that since there […]

In 1973, David Friedman published an interesting book, The Machinery of Freedom, largely a compilation of essays concerning how anarcho-capitalism can work.  One of his essays is on how mass transit can be produced privately and that the infrastructure for it is largely in place.  Recently, two companies have started operating worldwide, Uber and Lyft, […]

In a previous post, I suggested that what we call sweatshops are factories where workers are not treated well, but that these sweatshops offer workers a better life than they had, otherwise the workers would not agree to work there.  The pay in these factories, while quite low compared to U.S. and advanced economies’ pay […]

Democracy is the theory that the common people know what they want and deserve to get it good and hard. H. L. Mencken US editor (1880 – 1956). I recently received the following comment from one of my better students in my Econ 211 class on my post last month, “Water Shortages.”  He writes about […]

Most words in the English language have multiple meanings.  Early in my courses I point out how using a word one way and then another in the same line of reasoning can lead to faulty conclusions.  Orwell’s idea of doublethink in his novel, 1984, gave birth to a related idea, doublespeak, political speech, where words […]

For at least four thousand years (see the blog post by Tom DiLorenzo), political leaders in monarchies and democracies alike have instituted price ceilings.  The results have always been the same: chronic shortages.  Anyone who has read my posts here, especially my recent posts, have found me lamenting both the pharmaceutical shortages in the US […]

The shortages in Venezuela, as I have discussed in previous posts, are due to price ceilings which suppress the quantity offered on the market while encouraging extra consumption. Low prices also encourage exports of those price controlled items and discourage imports.  As a result, people in Venezuela are continuously frustrated in their basic attempts to buy […]

In my blog posts here, I usually provide links to news articles concerning the topic at hand.  Not this time.  Instead, I will just suggest that reader search news.google.com for water shortages.  What should be noted is that there is no shortage of news articles on water shortages.  Articles on climate change and business location […]

Go To ↑ Top