…turn enabled the rise of authoritarianism. We hear that markets are magic. This, of course, is just propaganda in the interest of wealth. That free markets were heaven-sent is more…

…for higher-margin export markets. The strategic logic is essentially the same as the one driving Chinese expansion into automotive electronics or industrial control software — identify a regulated, high-margin European…

…a better job making the case for markets than against central planning.  At least, the case for markets is clearer.  Interestingly, Hayek does not show that the market solution is…

…. . a realignment. Making Americans Poor Again. April 6; Matt Stoller: Monopoly Round-Up: The Trump Market Crash? The stock market slides as Trump’s tariffs roil markets. Wall Street is…

…as well as (b) the need for government to intervene where markets do not exist. Indeed, I searched his book and found ZERO mentions of climate change or negative externalities…

…floated firing Powell, a move that rattled bond markets and drew rare public warnings from big bank CEOs about the risks of under- mining central bank independence. Goldman Sachs CEO…

…higher prices, lost suppliers, and dwindling foreign markets. Producing weapons and military equipment—and building new factories—in the United States will become more expensive. U.S. allies, eager to strengthen their own…

…the year began. This makes it an extra interesting time for the CERAWeek energy conference to kick off in Houston this week. Widely considered the Davos of the energy markets,…

…those of potential competitors? A workers’ exit from the lower-wage firm is far less common than would be predicted under truly competitive labor markets where employers compete for workers. Job…

…in a series about health reform. Beyond the paywall I’ll address the following: 1. Why markets can’t be trusted to deliver healthcare 2. Routes to universal healthcare 3. What works?…