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Regulation and Law of Regulatory Impact

Regulation and Law of Regulatory Impact

Let’s begin with:

Goodman’s Law of Regulatory Impact: most economic regulation, most of the time, imposes social costs on people without changing any fundamental behavior.

Take something really far out. Suppose we repealed the law against murder. Would the murder rate go up or down? For the vast, ...

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Reads: 1665

Man, Economy, and Seoul

Man, Economy, and Seoul

Picture a mono-racial New York metropolitan area with a fraction of the murders, if you can. Add in unreadable signs and buildings and infrastructure completed in 1960 or later. Then you might have a picture Seoul, the capital of the Republic of Korea and, quite possibly, the new center of global ...

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Reads: 1710

“Tax Expenditures”: Not Taxing Is Allegedly Spending

“Tax Expenditures”: Not Taxing Is Allegedly Spending

Runaway government spending is among the most important economic problems of our time. It is absolutely urgent that it be brought under control and progressively reduced until it is sufficient to provide for no more than the essential government functions of defense and justice. Only then will the ...

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Reads: 1777

The Marxist Roots of Obama’s War on the Middle Class

The Marxist Roots of Obama’s War on the Middle Class

How many times have you heard President Obama express concern for the middle class? More than you can count, I’m sure. If you are in the middle class, Obama’s frequent mentions of you should make you very worried. A key part of Obama’s modus operandi is his habitual use of verbal ...

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Reads: 2252

Central Banking Is Central Planning

Central Banking Is Central Planning

A book review in the Wall Street Journal by associate professor of economics at San Jose State University Jeffrey Hummel entitled "The New Central Planning" tends to confirm the perspective that the Federal Reserve is under continued attack. The upshot may be a new monetary ...

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Reads: 1971

Elizabeth Warren's Unwarranted Wage

Elizabeth Warren's Unwarranted Wage

Murray N. Rothbard used to say that it is impossible to convince the economically illiterate with reductios ad absurdum. Why? This is because the very purpose of this type of logical argument is to embarrass our friends on the Left (and the Right too, sad to say, see below) by taking up the ...

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Reads: 2136

Anatomy of the Bank Run

Anatomy of the Bank Run

[This article is featured in chapter 79 of Making Economic Sense by Murray Rothbard and originally appeared in the September, 1985 edition of The Free Market]

It was a scene familiar to any nostalgia buff: all-night lines waiting for the banks (first in Ohio, then in Maryland) to open; pompous but ...

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Reads: 1334

Market Technician Jordan Roy-Byrne's Charts Predict Precious Metals Will Outperform

Market Technician Jordan Roy-Byrne's Charts Predict Precious Metals Will Outperform

Jordan Roy-Byrne, editor and publisher of TheDailyGold Premium, was able to achieve some marked success in last year's choppy market by buying growth-oriented producers. After the broader market tops out, Roy-Byrne is watching for the same stocks to outperform again. In this Gold Reportinterview, ...

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Reads: 1451

Don Mosher: Strangulation by Regulation - Is the Venture Exchange on Its Deathbed?

Don Mosher, a business consultant with B&D Capital in Vancouver, is sounding the alarm. The TSX Venture Exchange, a once-thriving exchange for junior mining companies, is struggling. Its strife is a symptom of the overregulation that is slowly killing a whole sector of the Canadian economy, ...

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Reads: 1690

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