Government officials certainly don’t know the countless and ever-changing details of the market. Nor are they likely to intervene in ways that make markets more efficient. Antitrust
Over the last 15 years, total student loan debt exploded from $600 billion to more than $1.5 trillion and now exceeds credit card debt.
The act, passed in 1920, stipulates that cargo shipped between domestic ports must be transported by ships that are domestically built, flagged and crewed.
We don’t think the republic can work if high earners are the only ones paying for government.
Many think that, if our debt even approaches 200 percent of GDP, our currency will lose its reserve status or our super-low interest rate will rise.
The Aviation Empowerment Act creates a class of pilots called “personal operators” who can use flight-sharing apps without being subject to common-carrier regulations.
The banking system might finally get some relief from the burdensome overregulation that has hamstrung the economy for almost a decade.
National defense is a public good that must be provided by the government. Yet the holiday season offers ample examples of public goods that need not be.