Last week, we highlighted an article showing how rent control has harmful unintended consequences. Another example comes from the pharmaceutical industry, in which overbearing government regulations can allow drug companies to have an artificial monopoly and charge artificially high prices.
Wednesday was the 37 year anniversary of Margret Thatcher’s swearing in as Prime Minister of Great Britain. Here is a history of Great Britain’s inspiring conservative known as The Iron Lady.
The Cato Institute recently held a forum to discuss the potential impact of robotics in our economy. Some of the speculated outcomes may surprise you.