FREE MARKET GEMS

The Pseudo Event . . . It seems fake news has been with us a lot longer than most of us would have guessed. At least one historian was pointing out fake news as early as 1962.

Govt’s contribution to technology . . . was that they got out of its way. LearnLiberty’s Brian Domitrovic explains the explosive effect that the 1964 tax cuts had on Silicon Valley.

What happened to Venezuela? . . . It’s not low oil prices, says Nick Gillespie of Reason. It’s the disease of socialism.

Cheap imports . . . When did they become such a bad thing? They were never bad, and they’re still not. But talking about them can sure gain votes in an election year.

What do Polish air-conditioner makers . . . and Belgium farmers have in common? Very little. And that goes a long way toward explaining why the EU is dysfunctional.

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FREE MARKET GEMS

I need a license for that? . . . ┬áIn the 1950s 1 in 20 jobs in the US required government licensing. Today it’s 1 in 3. So are we any safer? John Stossel uncovers the shady world of government licensing.

If you build it . . . they won’t necessarily come, especially if it’s built with state funds and a product of state central planners. Per Bylund of Mises observes this play out at a grand scale on a recent visit to China.

Listen up, Millennials! . . . Brazilian native and journalist Felipe Moura Brasil shares this cautionary tale about the realities of embracing socialism.

The greatest invention . . . you’ve never thought about. And it’s inventor was a man you’ve never heard of either: Malcom Mclean. Since the 1960s his innovation has been shaping our lives, and we had no idea.

The thorn in Trump’s side . . . is a republican. US Congressman Justin Amash, one of Michigan’s own, sits down with Matt Welch of ReasonTV to talk Trump and the future of the Republican Party.

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FREE MARKET GEMS

Everything you need to know . . . about government, in one story. Daniel Mitchell of FEE tells a fantastical parable of government’s inefficiency and contempt for private initia — oh wait, Not a parable. It really happened.

Do sanctions work? . . . Here’s Ron Paul’s answer: “So the goal of sanctions is to make life as miserable as possible for civilians so they will try to overthrow their governments. Foreign leaders and the elites do not suffer under sanctions. This policy would be immoral even if it did work, but it does not.

He won’t be cornered! . . . Mark Matson gets pressed for stock picks by the FOX talking head, but as usual he stays on message: Don’t pick stocks. OWN IT ALL!

Gov’t bureaucracy MUST expand . . . It’s built in, and it’s human nature, says economics prof Abby Hall of the U of Tampa.

And when it does expand . . . John Stossel will show us all the prudent ways those bigger budgets get spent.

 

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FREE-MARKET GEMS

No free-speech rights . . . says Murray Rothbard. Only property rights. Peter Klein of the Mises Institute explores this fascinating way of looking at the campus speech debacle (as well as the notion of free speech). He says that leaving it up to the “owners” of the colleges and the voluntary contracts between them and their students would quiet the hubbub.

Price as language. . . It took the free market and the language of the pricing system to give us the pencil and the IPhone, and there’s a good reason why. Dr. Dan Russell explains how central planners can NEVER provide what people with disbursed knowledge can.

Student loans . . . It seems like they’ve been around forever, but Dr. Brian Domitrovic of Learn Liberty sets the record straight and gives us some hope about where we might be headed next.

Everything’s big in Texas . . . especially the auto dealership lobby. But Elon Musk is one guy who doesn’t seem to let big challenges get in his way. He wants to sell his Teslas directly to the consumer. So in this fight, is he the David or the Goliath? Either way, it should be interesting.

Our roads are crumbling . . . say infrastructure contractors, lobbyists, and everyone else who feeds off government contracts. The rest of us (us being those who actually produce, distribute, and comprise the nation’s economic activity) seem to be getting to work and getting our products to market just fine.

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Unintended consequences . . . are sometimes just obvious consequences that smart people saw coming. Take the minimum wage. A rise in labor costs will be paid, and that money will come “from customers, other employees, or the bottom line.” It’s not a surprise. It’s inevitable.

Price is not the price . . . Dan Russell of Learn Liberty explains real price vs. nominal price, as well as the concept of consumer surplus. [3:50]

Prison overcrowding . . . is a function of economics: Police, prosecutors, and judges all have common access to the prison system, but none bears any cost in usuing (cost entirely socialized; that means you and me). It’s the “Tragedy of the Commons”, says Chris Calton of Mises.

Losing a liberty-loving judge . . . You’ve probably never heard of her, but US Court of Appeals judge Janice Rogers Brown, a strong economic libertarian and Constitutionalist, is retiring. Barack Obama thought she was crazy, so that’s something.

People will die! . . . Actually, we’ll all die eventually no matter how hard we try to legislate death away. One of Remy’s best. [2:00]