Why Do You Need a License to Braid Hair?

There are numerous forms of crony capitalism, but one of the most subtle and damaging to the economically vulnerable are occupational licensing laws. For millions of Americans, occupational licensing continues to serve as a barrier to work and self-sufficiency. Continue Reading...

Samuel Gregg on David Bentley Hart and Murderous Markets

Is the dominant economic system we have today, the market economy or capitalism, compatible with Christianity? Orthodox Christian theologian David Bentley Hart in a June 2016 First Things article titled,”Mammon Ascendant: Why global capitalism is inimical to Christianity,” is skeptical. Continue Reading...

Understanding Trump: The Deal-Maker as Redistributionist

[Note: This is the second in an occasional series evaluating the remaining presidential candidates and their views on economics and liberty. You can find the first article here.] In the previous article in this series I explained that the key to understanding Donald Trump’s economic policies is the recognition that, for him, policy and principle are secondary to process. Continue Reading...

Where Billionaire Crony Capitalists Live

It’s never easy becoming a billionaire, but the path to achieving a 10-figure level of wealth is smoother when you have the government as a business partner. Crony capitalism is a general term for the range of activities in which particular individuals or businesses in a market economy receive government-granted privileges over their customers or competitors. Continue Reading...

The Moral Crisis of Cronyism and Corporate Welfare

U.S. Rep. Justin Amash, in an article for www.mlive.com, discussed the recent charter expiration of the Export-Import Bank (Ex-Im) and how that is a good first-step toward reducing the corporate welfare and crony capitalism that has infected American politics and economics: If a man swipes your wallet, he’s a thief. Continue Reading...