outubro 2024

The Road to Price Controls

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Ryan Bourne and Sophia Bagley “If [policymakers] err on the side of inflation, there will be widespread complaining about rising prices to be sure, but that diffuse message is quite drowned in the rising babble of specific demands and concrete proposals from identifiable interest groups — to compensate me, to regulate him, to control x’s prices, and to tax y’s “excess profits”, etc.” Axel Leijonhufvud, 1975 , “What lies at the base of the whole effort to fix […]

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Entrepreneurship, Innovation, and Industrial Policy

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Tweet I often get e-mails from publicists asking if I’d like to receive free copies of books. (I take them up on their offers only when I believe the chances are above 50 percent that, after reading the book, I’ll mention it in some substantive ways at Cafe Hayek or in some other of my writings.) Yesterday brought such an e-mail. One of the books offered is Amar Bhidé’s Uncertainty and Enterprise: Venturing Beyond the Known, forthcoming in […]

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Weed Shops Deserve Due Process, Says Judge

Weed Shops Deserve Due Process, Says Judge

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Let the weed bodegas be! A recent crackdown by New York City authorities on stores selling marijuana without a license led to the shutdown of more 1,100 businesses. Now, a state judge is telling authorities not so fast. Operation Padlock to Protect—the New York City policy used to justify the shutdowns—is unconstitutional, per New York Supreme Court Justice Kevin Kerrigan. (In New York, the state’s highest court is called the Court of Appeals; Supreme Courts are trial courts […]

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