One of the central premises of the “new liberal economics,” as described by the Hillary Clinton campaign, is the notion that monopoly power is growing and must be stopped by applying more antitrust law. While it is true that many indicators of market concentration are up, it’s less clear that antitrust law is an effective […]
On Thursday the Trump campaign released a document that discussed, recommended even, killing off certain regulations that hamper the US economy. One of these referred to the FDA Food Police – the idea that we’re not all going to be poisoned by unscrupulous capitalists if we have just a little bit less of bureaucratic oversight […]
As a longtime advocate for capitalism, I’ve been considering the prospects for free market ideas in a White House presided over by either of the two major party candidates for president. It’s not an easy challenge. Both candidates, in their own way, misunderstand the need for, and the benefits of, a free economy. And it’s […]
Politics of course gives us all sorts of examples of things which are simply wrong in an economic sense. But it’s rare to see someone proposing something that just doesn’t make sense at all. And yet that’s what Hillary Clinton just did in her speech on the economy Michigan. She repeated the old and entirely […]
Presidential nominee Donald Trump wants “to jump start America,” and thinks “it won’t be that hard.” In a speech delivered at the Detroit Economic Club, he outlined his plan for the economy. It boils down some tax cuts, eliminating regulations, and engaging in trade wars. A significant portion of the speech was spent attacking Hillary […]