Tweet [1]
George Will ponders immigration policy [2].
James Pethokoukis argues that markets are more robustly competitive than antitrust enthusiasts believe them to be [4]. (I go ever further than does Pethokoukis [5]. 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 [6] – and, especially you economists, be sure also to read carefully Pierre Lemieux’s comment [7] on Scott’s post.
John Miltimore asks why California has the highest rate of poverty among all U.S. states [8].
Free medical care is really costly for patients [11].