George Will ponders immigration policy.
James Pethokoukis argues that markets are more robustly competitive than antitrust enthusiasts believe them to be. (I go ever further than does Pethokoukis. A close study of economic history turns up little, if any, evidence that markets have ever generated firm or industry sizes, structures, or practices that have harmed consumers over any significant-enough length of time. Indeed, reflecting on the government’s willingness to impose restrictions on both international and domestic trade – see the link just above to George Leef’s article – it’s preposterous to look to government, which habitually creates genuine monopoly power, for protection from imagined monopoly power.)
Scott Sumner writes about consumer and producer surplus – and, especially you economists, be sure also to read carefully Pierre Lemieux’s comment on Scott’s post.
John Miltimore asks why California has the highest rate of poverty among all U.S. states.
Free medical care is really costly for patients.
