From the American point of view, technology and trade are the same. From the human point of view, trade is better.
If businesses get government subsidies to make their products cheaper, or “capture” regulation to hurt their competitors, that’s rent seeking.
One Resistance fighter says that the movement will win “not by fighting what we hate, but by saving what we love.” But what do they love?
Luck egalitarianism is, roughly, the view that inequalities in life prospects resulting from luck are unjust. If Amy has better job opportunities than Bob because she happened to have parents who could afford to send her to a fancy private school, that’s unfair.
Competition is often considered a dirty word, with many critics of free market ideas emphasizing the cutthroat competition of Wall Street as an example of how competition brings out the worst in people, encourages us to cut corners, and undermines our altruistic tendencies.
Organized interest groups are able to control a lot of policy making, even if most people in the unorganized public disagree with them.
The wary cat has a theory of the world: “Stove burns you. Stay away from stove.”
We need to be careful about arguing that players have a First Amendment right to protest peacefully on the field.
President Trump has repeatedly claimed that the United States is the highest-taxed country in the world. The data people are using to fact-check him are misleading.