Oil Prices Kill an $11 Billion Bayou Plan

A good example of how in the free market a company has to react and bight the bullet when commodity prices go the wrong way. By Patrick McGroarty And Alison Sider | www.wsj.com | Jan. 28, 2015 South African energy giant Sasol Ltd. said Wednesday it was shelving an $11 billion project on Louisiana’s Gulf Coast, imperiling one of the largest foreign investments […]

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Can the Free Market Provide Public Education? Entrepreneurship Can Produce Good Education for a Mass Society

The short answer, of course, is: yes, look around. Right now, private enterprise and nonprofit organizations provide all manner of education—from comprehensive schools with classes in the traditional academic subjects, to specialized schools that teach everything from the fine arts to the martial arts, from dancing to dieting, from scuba diving to scrutinizing one’s inner […]

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Affordable Care Act: Beyond Our Price Range?

Will the Affordable Care Act (Obamacare) make health care affordable? Chances are it will do the reverse. Will the Affordable Care Act (Obamacare) make health care affordable? Chances are it will do the reverse. In a recent Bloomberg piece, writer David Goldhill explains the faulty thinking and reverse incentives built in to the new health […]

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Subsidies Work!

Opponents of federal aid and other forms of subsidy often base their objections on “the fact that subsidies won’t work.” Unfortu­nately for their argument, subsi­dies do work, and that is a major reason why they are objectionable. Opponents of federal aid and other forms of subsidy often base their objections on “the fact that subsidies […]

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