Category Archives: Regulation by market forces

Does the FDA’s Monopoly Increase or Decrease Public Health?

A dear friend of mine (and fine physician), Dr. Chris Granger, took issue with this article I wrote with Patrick McLaughlin and Jonathan Nelson at the Mercatus Center: “Markets Can Protect Patients Better than the FDA.” He responded as follows on Facebook: My dear friend … each major stage of the FDA’s history of providing aContinue Reading

Crowd-Sourced Regulation of Ride-Hailing

I am increasingly persuaded that free-market forces regulate safety and quality better than government agencies can, so we should get rid of government regulatory agencies that “protect” consumers by taking away the freedom of consumers and businesses to make exchanges they both desire. In an op-ed posted at “The Hill,”  Patrick McLaughlin of the Mercatus Center andContinue Reading

Markets Can Protect Patients Better than the FDA

The good people at the Mercatus Center have been helping me get my academic work on regulation by market forces into policy discussions. Here is a slice of the most recent effort, posted April 5 to coincide with hearings on the nomination of Scott Gottlieb to head the FDA: While safety and efficacy are important,Continue Reading

Government Regulators are Monopolies

Here is the third article in a series on regulation I have been publishing at FEE: “Government Regulators are Monopolies.” It is part of a project to challenge the validity of government “regulation,” which should more properly be called government “restriction,” as that word describes what government agencies mostly do: they restrict people’s freedom to make voluntary exchanges. The aimContinue Reading

Government Regulators are Themselves Unregulated; That’s a Problem

Here’s a delayed posting of a link to a second article in The Freeman online about regulation. The first, “There Is No Such Thing as an Unregulated Market,” made the point that “If a market is free, it is closely regulated by the free choices of market participants.” This means that “Government regulation is not the only kind ofContinue Reading

Make Parents Responsible for Schools

Here’s a recent letter to the Baltimore Sun: May 11, 2016 Editor, the Baltimore Sun Dear Editor, Kurt Schmoke, Matt Gallagher and Tom Wilcox ask “Who’s responsible for city schools?” (Commentary, May 9, 2016). The broad answer to that question is also the fundamental reason why our city schools stay mediocre to poor, decade afterContinue Reading

Government, Stop Trying To Help Uber

Here is a letter to the editor of the Baltimore Sun, published at FEE’s Anything Peaceful and by the Sun yesterday (the online version somehow dropped the first paragraphs): An open letter to State Senator Bill Ferguson and Delegate Kathy Szeliga: Thank you for your commentary, “Give ridesharing a home in Maryland,” (Baltimore Sun, April 3). While it is gratifyingContinue Reading

“There’s No Such Thing as an Unregulated Market”

That’s the title of my piece just published in The Freeman online. The subtitle: “It’s a choice between regulation by legislators or by consumers.” Here’s a slice: We want the aims of regulation — regularity and predictability in markets, decent quality and reasonable prices for the goods and services we buy — and thinking thatContinue Reading

The Coolest Thing About Uber

A letter I wrote the Wall Street Journal recently, criticizing the authoritarian flavor of one of its columns, was picked up by The Freeman. A slice: Here’s what it takes to make Uber a success, apparently: Enter new markets without asking regulators for permission, then build enough of a customer base to make classifying the service asContinue Reading

Uber Against Racial Profiling

In my latest article in The Freeman, I look at another instance of the superiority of regulation by market forces to regulation by government. A slice: Uber is regulated by market forces, and market forces regulate far more effectively than the DC taxi commission does. Uber gets a cut of every fare, so the more fares it arranges, theContinue Reading

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