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Economics

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Economics archive

Economics

We All Pay the Price for Protectionism

Phil Gramm and Donald J. Boudreaux write in The Wall Street Journal about the price of protectionism. “Protectionism and industrial policy misallocate resources and reduce economic efficiency. When…

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Transportation

High-Speed Rail—Courtesy of the Private Sector

"FECI intends to complete construction of the new Brightline project before the 2028 Olympics come to California. If it does, the firm will have offered yet another demonstration of how the private sector can succeed where the public sector fails. "

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Energy

Why Californians Have Some of the Highest Power Bills in the U.S.

"In Borrego Springs, a desert town of 3,000, temperatures often top 110 degrees Fahrenheit in summer and air conditioners run nonstop. The town’s primary utility, San Diego Gas & Electric, has raised electric rates 82% in the past 10 years as it poured money into wildfire prevention and expanding and greening the grid."

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Domestic

Interventionism, not capitalism, has caused our economic problems

"With all these government intrusions into the market come special favors and privileges, anti-competitive practices, protections, and subsidies that benefit some at the expense of others due to the interaction of government officials and politicians on the one hand and those in the private sector wanting to escape from competition through interventionist 'shelters' that guarantee them 'safe spaces' from the normal competitive forces of a real free enterprise system."

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