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Common Sense Economics

Why We Need Free Markets To Fight Pandemics

April 2, 2020 – Matthew Tanous …… What needs to be done in such a crisis is not to attempt to steer the market to ensure it provides what is needed, but to let it free to do what it always does: match the goals of entrepreneurial producers with the needs of the populace. Continue reading →

6 Things We Learned from Prohibition

March 9, 2020 – John Phelan …… In a book on prohibitions, John Meadowcroft of King’s College in London offers several “generic lessons and implications” of the practice. Hint – prohibition does more harm than good. Continue reading →