The Harmful Consequences of China’s Leftward Shift

The Harmful Consequences of China’s Leftward Shift

Back in 2019, I divided China’s recent economic history into three periods. Mao’s utter and total failureDeng’s partial liberalizationXi’s backsliding to statism The net result of these three periods is that China did enjoy some growth thanks...
Industrial Policy and Mitchell’s Law

Industrial Policy and Mitchell’s Law

Most examples of Mitchell’s Law involve government passing a bad law (increase in minimum wage) that leads to a bad consequence (fewer jobs), which then becomes the excuse for a new bad law (job training programs). Sometimes, though, politicians don’t...
The Unfortunate Demise of Disney’s Private Governance

The Unfortunate Demise of Disney’s Private Governance

Libertarians have a knee-jerk desire to shrink the footprint of government, even advocating for unconventional ideas such as private roads, private mail delivery, private pensions, private money, and private air traffic control. And, as captured by this Reason video,...