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Government schemes are powerless in gauging where comparative advantage lies, whether we are talking about trade or sports.
Under a system of tariffs, subsidies, and restrictions, we get companies like Coke and Pepsi producing collectivist drinks for the masses.
Many of Venezuela's woes stem from the Venezuelan state's reliance on price controls to enact its socialist goals. Famine has resulted.
Free MarketsInterventionismValue and Exchange
The government wants to arrogate to itself the power, which, in an economy, is in the hands of the consumers.
U.S. EconomyBusiness CyclesInterventionism
Delving further into the jobs report, we see that many of the jobs that were supposedly created were jobs in government.
The EntrepreneurInterventionismPolitical TheoryValue and Exchange
The view seems to be that if a higher minimum wage is mandated that employers will continue to make all of the same hiring decisions. Not true.
Business CyclesInterventionismMoney and Banking
The major threat to any economy is not deflation, but the policies used to count it.
Decentralization and SecessionThe Police StateU.S. HistoryWar and Foreign PolicyInterventionism
A "well-regulated militia," controlled by the states, was once considered essential to providing a counterweight against federal power.
Big GovernmentLegal SystemInterventionism
Allow discrimination for anybody for any reason so that those who discriminate for the "wrong" reasons are naturally removed from the market.
Global EconomyFiscal TheoryInterventionism
Central bankers are moving heedlessly toward what Ludwig von Mises called "crack-up boom."