Tag Archives: interventionism

The One Minute Case Against Consumptionism

There is a tradeoff between economic growth and consumption Economic growth is made possible by forgoing current consumption. For example, consider the case of a teenager considering whether to save money for his future. If he spends his salary on toys and trinkets, he will never accumulate any savings. If, on the other hand, he …

February 15, 2009 – 12:26 am | By David Veksler | Posted in Economics | Tagged , , , , | Comments (2)

The One Minute Case Against Interventionism

Free markets created the modern world A free, capitalist economy has never existed anywhere in the world. The closest the world came to a free market was during the Industrial Revolution in Great Britain and during the late 19th century in the United States. The Industrial Revolution was a period of unprecedented economic growth and …

February 13, 2009 – 12:26 am | By David Veksler | Posted in Economics, Politics | Tagged , , | Comments (4)

The One Minute Case Against “Net Neutrality”

What is “net neutrality?” To borrow Senator Ted Stevens’s infamous analogy of the Internet to a series of tubes, imagine a network of pipes connected by switching stations. The width of a pipe (bandwidth) determines the volume of messages (packets) than can be sent through it. Packets arriving at a switching station wait in a …

June 8, 2007 – 5:30 pm | By David Veksler | Posted in Economics, Politics | Tagged , , , | Comments (23)

The One Minute Case Against Mandatory Seatbelt Laws

Driver safety is not a special prerogative of the state Seat belt laws are enforced “for our own good.” But traffic accidents are not leading causes of injury and death, nor is buckling seatbelts the most beneficial thing you can do for your health. Daily exercise, nutritious meals, intellectual enrichment, and regular sexual activity have …

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May 21, 2007 – 12:46 pm | By David Veksler | Posted in Politics | Tagged , , , , , | Comments (5)

The One Minute Case Against Antitrust

Antitrust punishes the best companies The list of antitrust targets reads like a Who’s Who of American business success stories. Standard Oil Company, Alcoa Aluminum Company, IBM, and Microsoft, are just a few. These companies were pioneers in developing new and beneficial products. Who doesn’t benefit from cheaper gasoline using methods pioneered by Rockefeller, the …

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May 17, 2007 – 1:51 am | By Galileo Blogs | Posted in Economics, Politics | Tagged , | Comments (6)