Freeman

The Goal is Freedom

Financial Regulation and the “Money Power”

Insiders will benefit most

SEPTEMBER 28, 2012 by SHELDON RICHMAN

We hear fierce denunciations of what is called the "money power." It is spoken of as mighty, demoniacal, dangerous, and schemes are proposed for mastering it which are futile and ridiculous, if it is what it is said to be. Every one of these schemes only opens chances for money-jobbers and financial wreckers to operate upon brokerages and differences while making legitimate finance hazardous and expensive, thereby adding to the cost of commercial operations.

You Really Want Government Drilling for Oil?

It's about incentives.

JUNE 11, 2010 by SHELDON RICHMAN

You've got to hand it to the people who really dislike free markets. They see them everywhere and especially wherever any serious problem arises. That no free market exists within a thousand miles makes no difference whatsoever.

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September 2014

For centuries, hierarchical models dominated human organizations. Kings, warlords, and emperors could rally groups--but also oppress them. Non-hierarchical forms of organization, though, are increasingly defining our lives. It's no secret how this shift has benefited our social lives, including dating, and it's becoming more commonplace even in the corporate world. But it has also now come even to organizations bent on domination rather than human flourishing, as the Islamic State shows. If even destructive groups rely on this form of entrepreneurial organization, then hierarchy's time could truly be coming to an end.
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