The “Grabbing Hand” of Industrial Policy

The “Grabbing Hand” of Industrial Policy

If you want to understand how government really works, learn about “public choice.” This is the common-sense theory that politicians and other people in politics often make decisions based on self interest, and it does a very good job of explaining why we get so many...
The Economic Future of Hong Kong

The Economic Future of Hong Kong

I have applauded the incredible economic success of Hong Kong, which has long been ranked as the world’s most economically free jurisdiction. Well, given China’s recent decision to impose more controls on Hong Kong, I want to share this interview I did last October....