Peter's Blog

Although water rights are often used as the poster child of the need for government intervention, the private market actually presents many compelling solutions for their allocation. State control of water rights, while compelling, actually presents many unseen costs and damages the efficient allocation of one of the necessities of life. Clear ownership frameworks and […]

While primarily motivated by a desire to promote consumer welfare, antitrust has become a witch hunt which endangers the ability of businesses in general to effectively operate. Antitrust regulation was created on the idea that businesses can effectively collude to keep prices high, and that the emergence of monopolies will create a stable threat to […]

The division of labor and specialization in the free market are responsible for the vast wealth the developed world has accumulated over the last two centuries. With monetary and fiscal threats to the market at every political corner, it’s worth revisiting why the market– and the competition that drives it– is so important.

Earlier this week, a federal court threw out an antitrust case against Facebook. The lawsuit filed by the Federal Trade Commission, along with 48 state governors, sought to force Facebook to divest itself of WhatsApp and Instagram, but the court said the FTC failed to prove that Facebook holds monopoly power. In his podcast, Peter […]