Suppose you’re worried that health-care costs in your neighborhood will rise significantly. Would it make economic sense for you – and would it be ethical for you – to prohibit all of your neighbors’ children who graduate from medical school from selling their services as physicians to people outside of your neighborhood? Apply the same logic of your answer to questions about natural-gas suppliers. I address this issue in this recent op-ed in the Fort Worth Star-Telegram.
My Mercatus Center colleague Veronique de Rugy offers valuable insight into the logic of government.
Arnold Kling reflects on Edmund Phelps’s new book, Mass Flourishing.
