Tag: Free markets
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Wichita teacher labor kerfuffle illustrates the problem
A dispute over teacher working conditions in USD 259, the Wichita public school district, provides a window into the workings of the public school system and its problems. There is a way out, but it’s not happening in Kansas.
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Myth: Markets only work when an infinite number of people with perfect information trade undifferentiated commodities
Abstract models of economic interaction can be useful, but when normatively loaded terms such as “perfect” are added to theoretical abstractions, a great deal of harm can be done. For the state to be the agency that would move markets to such “perfection,” we would expect that it, too, would be the product of “perfect”…
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Myth: Markets depend on perfect information, requiring government regulation to make information available
Markets do not require for their operation perfect information, any more than democracies do. Significantly, politicians and voters have less incentive to acquire the right amount of information than do market participants, because they aren’t spending their own money.
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Kansas and Wichita quick takes: Wednesday April 25, 2012
Today: Income growth in Kansas and Sedgwick County; Tax reform is needed in Kansas; Protect us from onion prices; Silencing ALEC; TSA in Wichita, and in general; An extra comma; If I wanted America to fail.
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Regulation for the sake of business
There are many examples of how the conventional wisdom regarding regulation is wrong, That wisdom being Republicans and conservatives are in bed with government, seeking to unshackle business from the burden of government regulation. Democrats and liberals, on the other hand, are busily crafting regulations to protect the middle class from the evils of big…
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Myth: Reliance on markets leads to monopoly
While many believe that free markets tend to produce monopolies, it is actually government that is the grantor and protector of monopoly rights. Market competition works against monopoly power.
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Myth: Markets promote greed and selfishness
Markets make it possible for the most altruistic, as well as the most selfish, to advance their purposes in peace, writes Tom G. Palmer.
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In Kansas, STAR bonds vote uplifted cronyism over capitalism
In Kansas, many purportedly fiscally conservative members of the House and Senate voted to uplift cronyism over capitalism by extending the STAR bonds program.
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Intentions and results
When thinking about government policies, we must be extremely careful to distinguish between intentions and results, says Professor Don Boudreaux in a short video.
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Myth: Markets are immoral or amoral
Are markets moral or immoral? Tom G. Palmer responds to the myth that there is no morality in market exchange.
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Attacks on ALEC hypocritical and unfair
Leftists don’t like the policies ALEC promotes, so they are using intimidation tactics to shut it down. It’s that simple. They are within their rights to do this, but let’s at least recognize that it flows not from any problem with how ALEC operates, but from the most transparent political motives.
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Wichita decides to join sustainable communities planning
The City of Wichita has decided to embrace centralized government planning.