Free Markets

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The Political Economy of Protectionism

Free MarketsFrom the ArchivesProtectionism and Free TradeU.S. Economy


Protectionism may provide some short-term benefits to a small number of special interests, but at much greater costs to the rest of society.

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With Inequality, Some Is Fair and Some Is Unfair

Free MarketsLabor and Wages

Market growth can naturally lead to greater inequality. But government interventions often add their own, more insidious brand of inequality.

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Our Interests and Their Interests

Free MarketsInterventionism

Mises formed a highly sophisticated theory of classes and of class conflict by distinguishing sharply between the market and the state.

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Conflicts of Interest in Government Are More Common than You Think

Cronyism and CorporatismFree Markets

The common definition of "conflict of interest" is far too narrow, and should include taking campaign contributions in exchange for political favors.

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Liberty, Law and the Market Economy

EducationFree MarketsPolitical Theory

To regain the liberty that we have lost, we must reawaken an understanding of what liberty, the rule of law, and individual self-responsibility mean.

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How to End the Organ Donor Shortage

Free Markets

To find more organ donors, we don't need a government ad campaign. We only need to free the markets.

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How to Cure Poverty

Free MarketsU.S. EconomyU.S. History

Henry Hazlitt explains why President Johnson's "War on Poverty" will fail, and how the market — not government — is the path to prosperity.

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Defending the Undefendable: The Slum Lord

Free MarketsFrom the Archives

Slum housing is a problem when the inhabitants live there of necessity — not wishing to remain there, but unable to afford anything better.

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Net Neutrality: Government Can't Know the "Correct" Price for Internet Service

Free MarketsProtectionism and Free Trade

By manipulating markets for internet service, government agencies could be indirectly distorting markets and ruining innovation by forcing prices down.

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