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Regulation Policy & Welfare


The Nature of the Welfare State

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Welfare-state programs have three central characteristics: plunder, deception, and obfuscation. Because those programs always effect a forcible transfer of wealth from one group of individuals to another, they involve what the great 19th-century economist Frederic Bastiat called "legalized plunder." The law sanctions stealing in these cases and is thereby changed from its original purpose, which was to protect people's ...

The Cartelization of the American Workforce

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Freedom to work is increasingly being taken hostage by government licensing boards. The American economy is degenerating into a guild system, as government doles out privileges to one group of self-proclaimed professionals after another. Government licensing restrictions prohibit millions of Americans from practicing the occupation of their choice. Over eight hundred professions now require a government license to practice — ...