By Chloe Anagnos The hotel lobby is at least partially responsible for the pushback Airbnb received in several states in the recent past. But despite the hospitality industry’s continuous push to destroy the home-sharing business, it seems that Airbnb won’t be losing the war that easily after all. According to multiple sources, hotel chains like Marriott are now entering … [Read more...] about Marriott Finally Realizes That Competing With Airbnb Beats Lobbying Against It
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Why My Generation—Gen Z—Has the Most to Lose from Andrew Yang’s Freedom Dividend
By Thomas Ullman In early April, the quarterly campaign earnings of possible Democratic frontrunners were released to the public. Among these candidates were familiar faces—ones that have been in the public eye for months now: Bernie Sanders, Kamala Harris, Beto O’Rourke, and others, most of whom echo a cacophony of basic ideals that reflect those of their base. However, one … [Read more...] about Why My Generation—Gen Z—Has the Most to Lose from Andrew Yang’s Freedom Dividend
The Supermarket Chain That Is Upending America’s Grocery Industry by Maximizing Efficiency
By Mark J. Perry You gotta love Aldi. I do. Any supermarket that can out-compete Walmart on price by 18 percent (see chart below) has to be doing something right. Very right. Talk about consumer value, consumer sovereignty and consumer surplus! Listen to what Walmart CEO of US Operations Greg Foran says about Aldi: I never underestimate them. I’ve been competing against … [Read more...] about The Supermarket Chain That Is Upending America’s Grocery Industry by Maximizing Efficiency
How Top-Down Government Fails America’s Poor
By Max Gulker A well-functioning society should provide a safety net for its members struggling the most. The unavoidable role of luck in market outcomes, the variability of circumstances in which people are born, and the imperative simply to alleviate suffering all speak to this need. Our debate about safety nets and responses to poverty hinges on a fundamental fallacy — … [Read more...] about How Top-Down Government Fails America’s Poor
As the U.S. Government Grows, American Prosperity Slows
By Richard M. Salsman Myopic accounts of American economic performance are common today, permitting political partisans to cite whatever period they wish to prove any case they want. Republicans today insist that President Trump’s policies have revitalized U.S. economic growth after years of supposed stagnation under President Obama, while Democrats say Obama’s policies … [Read more...] about As the U.S. Government Grows, American Prosperity Slows
How Central Bank Interest Rate Policy Is Destabilizing Banks
By Justin Murray Broadly speaking, banks operate under the concept of maturity transformation. Banks take short-term – less than one year – financing vehicles, such as customer deposits, and use that to finance long-term – more than one year – returns. These returns range from the most commonly understood loans, such as auto loans and mortgages, to investments in equity, … [Read more...] about How Central Bank Interest Rate Policy Is Destabilizing Banks
The Regulatory-Industrial Complex
By Llewellyn H. Rockwell [This article was originally printed in the Free Market, September 1990. It was reprinted in The Left, the Right, and the State (2008).] Socialists want socialism for everyone else, but capitalism for themselves, while capitalists want capitalism for everyone else, but socialism for themselves. Neither Ted Kennedy nor Jane Fonda practices a … [Read more...] about The Regulatory-Industrial Complex
The High Cost of Free College
By Antony Davies and James R. Harrigan Last year, total student debt in the United States passed the $1.5 trillion mark. Even after subtracting loans that are paid down, the total has been growing at around $80 billion per year. Relative to the economy, outstanding student loan debt may have peaked last year, but the amount in question is alarming. Around 11 percent of … [Read more...] about The High Cost of Free College
3 Groups of People Disproportionately Harmed by Minimum Wage Laws
By Bill Wirtz Minimum wage laws are intended to help those who are making very little money, yet they achieve quite the opposite. Can you really say you stand for the disadvantaged if you support minimum wage laws? Moral Superiority Minimum wage laws have been around for a while, so contesting their existence becomes progressively more difficult. For most people, even … [Read more...] about 3 Groups of People Disproportionately Harmed by Minimum Wage Laws
Stateless in the Walled City of Kowloon
By Peter C. Earle Twenty-five years ago, the most successful 20th-century experiment in liberty — begun inadvertently, as always — came to an end. In April 1994, demolition of the taxless, unregulated, autonomous capitalist enclave known as the Walled City of Kowloon was completed, ending nine decades of an unparalleled experiment in utter statelessness. Similar to the … [Read more...] about Stateless in the Walled City of Kowloon
Philadelphia’s Sweetened Drink Sales Drop 38% After Beverage Tax
PHILADELPHIA - One year after Philadelphia passed its beverage tax, sales of sugary and artificially sweetened beverages dropped by 38 percent in chain food retailers, according to Penn Medicine researchers who conducted one of the largest studies examining the impacts of a beverage tax. The results, published this week in JAMA, translate to almost one billion fewer ounces of … [Read more...] about Philadelphia’s Sweetened Drink Sales Drop 38% After Beverage Tax
The Market Loves You; Why You Should Love It Back
The marketplace is commonly described as brutish, greed-based, cutthroat, or unrelentingly exploitative. The Market Loves You; Why You Love It Back – Jeffrey Tucker’s latest collection of evocative observations of everyday products, services, and life in the market – rejects this characterization. He argues that benevolence characterizes trading relationships, entrepreneurship, … [Read more...] about The Market Loves You; Why You Should Love It Back