Search Results for: bastiat

Wind Power and Bird Deaths and Frederic Bastiat

Michael Giberson Wind power gets a lot of criticism for contributing to bird deaths. Reports of bird-turbine collisions lead some environmentalists to withhold support from wind power. You sometimes see free market advocates, who otherwise seem not to get much concerned over the effects of economic activity on wildlife, suddenly quite concerned about wind power’s …

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Dairy Farming, Tariffs, and Trump’s “12 Billion Dollar Crutches”

Farming has always been an uncertain business. Weather and the price-taking nature of being small relative to large commodity markets lead to feast or famine. The Trump Trade War and today’s palliative farm subsidies to farmers harmed by Trump’s tariffs combine with pre-existing subsidies to amplify that underlying boom and bust cycle, imposing high costs on …

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Us Steel Reopening Plant and Bringing Back Jobs: Ceo on Trump Tariffs

The proposed steel tariff will benefit the steel industry. This is what is seen as a consequence of the steel tariff. What is unseen is the higher prices for goods that use steel, the lower quantity demanded of those goods, and the resulting lost jobs in industries like automobile manufacturing and construction. Bastiat’s “What Is …

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Should We Make It Politically Profitable for Policymakers to Do the Right Thing

Should we make it politically profitable for policymakers to do the right thing, or should we make it less profitable for policymakers to do anything? Abigail Hall, writing a pair of posts for the Independent Institute blog The Beacon, urges liberty-minded people not to get too excited about electing the “right people.” (First post, second) …

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Cochrane on Aca’s Unravelling: Parallels to Electricity

John Cochrane’s commentary in last Thursday’s Wall Street Journal, What To Do When Obamacare Unravels, provides a strong and thoughtful analysis of what a free health care market could look like. In his argument he accomplishes two important tasks: he lays out the extent to which the U.S. health care market is not a free …

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