The Static Trap

Everything old is new again, and old tropes, sound-bites, metaphors, and talking points never quite seem to fade away into oblivion, even when they truly deserve to do so. Their re-emergence is predictable to the point of boredom, as is evinced by the Left’s...

Zero-Sum Everything

A core premise of capitalism and free markets is that people voluntarily enter into exchanges and interactions with each other. Each does so because he believes there’s a benefit to be gained from that exchange or interaction. Thus, the benefit is mutual. It is...

Scarcity Pricing and Price Gouging

In the wake of Hurricane Harvey, and ahead of the likely devastation of Hurricane Irma, social media is awash in expressions of outrage over what is commonly labeled as “price gouging.” For the few unaware of the term, price gouging is a (derogatory) term...

Markets, Regulation, and Opportunity Cost

A friend in one of my political groups shared a quote culled from a Wall Street Journal comments-section discussion: Government regulation also creates markets in the first place. Markets aren’t naturally occurring phenomena. The quote, meant to rebut the...