Homines libenter quod volunt credunt
Posted in Market Failures on Jan 6th, 2011
GE, I believe, is the only company that was among the 10 largest in the country in both 1900 and again today. The canard that “private market forces lead to concentration of industry, declines of wages and gouging of consumers” is so tired that I worry that bringing it up here will reinvigorate what is […]
Posted in Classical Liberalism on Aug 12th, 2009
Arnold Kling discusses “real freedom”: The exercise of voice, including the right to vote, is not the ultimate expression of freedom. Rather, it is the last refuge of those who suffer under a monopoly. If we take it as given that the political jurisdiction where I reside is a monopoly, then perhaps I will have […]