Archive for competition

Should E-Cig Manufacturers Love the FDA?

6743 (1)Christopher Westley writes in today’s Mises Daily:

If the purpose of anti-smoking regulation was about, you know, actually reducing smoking, then one might presume regulatory authorities would champion the emergence of smoking substitutes. But it was never about this. It was, and is, always about control, and the result is a Bizarro World in which e-cig manufacturers apparently support the use of extra-market force against the sale of their products.

Saving Industry X Via Bailouts and Regulations

hazlitt-204x300By Henry Hazlitt

[ Chapter 14 of Economics in One Lesson.]

Saving the X Industry

The lobbies of Congress are crowded with representatives of the X industry. The X industry is sick. The X industry is dying. It must be saved. It can be saved only by a tariff, by higher prices, or by a subsidy. If it is allowed to die, workers will be thrown on the streets. Their landlords, grocers, butchers, clothing stores, and local motion picture theaters will lose business, and depression will spread in everwidening circles. But if the X industry, by prompt action of Congress, is saved—ah then! it will buy equipment from other industries; more men will be employed; they will give more business to the butchers, bakers, and neon-light makers, and then it is prosperity that will spread in ever-widening circles.

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