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Tag Archives: Regulation

The logic of sovereignty and unilateral free trade

From today’s Open Europe news summary: FT: UK pushing for ‘emergency brake’ on EU laws to safeguard rights of non-Eurozone countries The Financial Times reports that the UK is seeking to obtain an ‘emergency brake’ on future EU proposals in order to protect the rights of non-Eurozone countries. This new ‘emergency brake’ could be based on the so-called ‘Ioannina-bis mechanism’ – which already exists in the EU Treaties – and could allow non-euro countries to delay a vote on new EU...

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Why Flee Equality?

Reprinted from PanAm Post When discussing the exodus of peoples from communist regimes such as Cuba’s, it is common practice to describe their escape as a flight from oppression, or a search for freedom. These labels are evocative and correct, but in order to deepen our understanding of the root causes for this migration, it is also helpful to think of it as a flight from equality. Fleeing equality is a provocative description that also contributes intellectually to our current political...

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The libertarian coast

Yesterday's win for the Canadian Liberals was a huge win for libertarian policies in North America: One other industry may gain from the Liberal landslide. Canadian marijuana stocks including Canopy Growth Corp., Aphria Inc. and Mettrum Health Corp. may gain as Trudeau has said he will legalize and regulate marijuana, Dundee Capital Markets analyst Aaron Salz said in a Tuesday note to clients. "Trudeau's vow to legalize and regulate marijuana the 'right way' has set in motion the single...

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Why We’re Still Debating the Decades-Old Crude-Oil Ban

Reprinted from the Freeman The decades-old ban on crude oil exports is anachronistic, completely disregards basic economics, and on top of it all, arguably makes gasoline more expensive for American motorists. In early September, a House subcommittee voted to lift the US government’s ban on crude oil exports, which has been in place since the 1970s. The fact that we are even having this discussion shows just how crude (pun intended) public policy remains. The Crude Oil Export Ban Is...

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Climate Change, Renewable Resources and Economics

Many socialists have conveniently repackaged themselves as environmentalists and latched onto climate change as a convenient means to preach the standard socialist agenda of planning and control. These socialists will talk about glaciers retreating and the need to force farmers in Normandy, for example, to stop running their tractors on Tuesday. Anyone who questions the basic precepts of climate change are instantly viewed as ignoramuses who deny the overwhelming scientific evidence that...

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Religion and the press, like fantasy football, operate as largely unregulated industries – to our great benefit

Don Boudreaux reacts cogently here to recent news reports about “the largely unregulated industry of fantasy sports,” of which there are nearly 2,000 according to a Google news search for the term “unregulated fantasy sports.” Here’s Don:Whenever I hear an industry described as “unregulated” – the absence of regulation by government does not remotely mean the absence of effective regulation. Consumers’ and suppliers’ (including workers’) ability to say ‘no’ to industry...

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Dodd-Frank’s drag on the economy

Last week’s disappointing September jobs report and the equally disappointing revision of August’s initially positive numbers indicate a steady downward trend in the US economy.AEI scholar Peter Wallison believes the United States’ “exceptionally slow recovery” from the 2008 financial crisis is due in large part to the regulatory costs placed on small banks by the Dodd-Frank Act.Although 64 percent of net new jobs in the US economy between 2002 and 2010 came from...

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The Problem with Milk Protectionism

On September 29, raw milk producers, mostly from Ontario and Quebec, protested on Wellington Street in Ottawa in front of the Parliament buildings. Their concern about the possibility of increased imports of dairy products reveals both embarrassing hypocrisy and shameful disdain of consumers in Canada. The anti-trade farmers arrived at their rally dressed in mostly imported clothing, driving imported tractors, with placards made from imported materials. They took pictures and video of...

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What Price a Planned Economy?

This article was originally published in the Contemporary Review of London, April 1938. It was reprinted in American Affairs, Vol. 7, No. 33 (1945). Reprinted from Mises.org The link between classical liberalism and present-day Socialism — often still misnamed liberalism — is undoubtedly the belief that the consummation of individual freedom requires relief from the most pressing economic cares. If this seems attainable only at the price of restricting freedom in economic activity, then that...

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Gun Control: Controlling the Government’s Guns Part 2

This essay originally appeared on the author’s blog on August 24, 2012 and was later included in his collection The Benevolent Nature of Capitalism and Other Essays. In the interval, it was reproduced on the website of the Ludwig von Mises Institute and elsewhere under the title “Gun Control—On the Government’s Guns.” What follows is a slightly revised and updated version. The government and its use of its weapons are falling increasingly out of the control of the American people and their...

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