Government regulation of competitive firms creates monopolies
Economic mythology said governments must regulate markets to prevent monopolies. In reality, it is the government regulation itself that creates monopolies, which do not emerge in free markets.
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Wealth and Income Inequal...
Murray Rothbard wrote that egalitarianism is a “revolt against nature.” Progressives claim that inequality harms society
A Critique of Black Box E...
Mainstream economists today examine economic phenomena from a “black box” perspective in which they look at