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Posts Tagged: “government inefficiency“

Peter Schiff: War and QE Mean Higher Inflation
On Friday’s episode of the Peter Schiff Show, Peter walks listeners through a mix of geopolitical flare-ups and what he sees as reckless monetary policy. He ties headlines out of the Middle East to market moves, argues that the Federal Reserve’s balance-sheet expansion is quietly inflationary, and contrasts profit-driven private enterprise with costly government-run alternatives. […]

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Underfunded or Mismanaged? Rethinking Public Services
Whenever public services prove to be inferior or counterproductive, their advocates always advance the same argument: “public services are underfunded!” This comes as no surprise to those acquainted with the logic of state action. When the signals of profit and loss cease to function, public agencies inevitably seek to expand their budget. The following article […]

Think Tanks are Inefficient, but by No Fault of Their Own
Think tanks are often a clear example of when poor government structure makes a market extremely inefficient. While some think tanks have a huge impact, many do almost nothing to create value for those who donate, yet they are still extremely well funded. While they are primarily rooted in ideology, patrons give money expecting some […]

Public Enemies: Government Bureaucrats as Societal Parasites
In today’s interventionist economy, the Fed inflates away the dollar and congress and the presidency spend trillions on a whim. But according to Austrian economist Murray Rothbard, the modern bureaucracy– especially the civil service system– is arguably the greatest threat to American liberty. The following article was originally published by the Mises Institute. The opinions […]

Why the Government is Not The Answer to Urban Planning
City planning is a task that is often seen as a unique realm of governmental necessity. The existence of externalities means that the market could create extremely sub optimal outcomes when creating a city. For example, a house with a messy front yard hurts everyone, but the people in this house might have little incentive […]

Market Efficiency vs. Bureaucratic Expansion: A Critical Comparison
With the Trump administration ushering in a new class of bureaucrats under the auspices of private businessmen, it’s worth recalling why the phrase “government efficiency” is an oxymoron. As the Austrian School of Economics stresses, the key difference between business and bureaucracy is the ability to measure profitability. The following article was originally published by […]

Invisible Hand as Conservationist: The Power of The Market to Protect the Environment
While the efficiency of the free market is very often accepted in the realm of industry, the environment is often used as an example of the government’s necessary role in the economy. Public goods are used as an example of the problems with market allocation. Short-sighted business owners are apparently unable to see or account […]

Charter Schools Showcase the Power of Educational Freedom
Public schools are losing students to charter education, and government officials are doing whatever they can to bail them out. On March 6th, Colorado House Bill 1363 was proposed. The legislation included several anti-charter school reforms, including decreasing funding and allowing public schools with declining enrollment to prohibit new charter schools within the district. However, […]
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