Lessons from 19th Century Cronyism

Lessons from 19th Century Cronyism

Politicians often support “industrial policy,” which means they get to grant special favors to well-connected companies or industries. But as explained by Professor Burton Folsom, this approach didn’t work very will in the 1800s. It’s not surprising, of course, that...
The Bizarre Attack on Vaping

The Bizarre Attack on Vaping

Since I’ve never smoked or vaped, I have no personal interest in the the regulatory battle over vaping and e-cigarettes. That being said, I started writing about this issue back in 2016 because it involves several important principles. The libertarian argument that...