Stossel Does Atlas Shrugged, Asks "Who is Wesley Mouch?"

In tomorrow’s episode of John Stossel’s new show on Fox Business, he will address the question, “Who is Wesley Mouch?” in speaking to the parallels between Atlas Shrugged and contemporary America.  As one might expect, in my view it seems as if almost all businessmen (given their predilection towards using government to destroy markets . . . → Read More: Stossel Does Atlas Shrugged, Asks "Who is Wesley Mouch?"

Consequences of Air India Being a Zombie Airline

Air India has got itself into serious trouble, and private airlines are also doing badly. The CMIE report on air transport for August 2009 shows a bad picture for the airline industry: from the quarter ended June 2007 onwards, in each quarter, the PAT margin was negative.

There are three interesting aspects to the . . . → Read More: Consequences of Air India Being a Zombie Airline

The Irony Of Antitrust

Hurting consumers presumably involves restricting output and raising prices, as antitrust theory goes. Preventing that sounds heroic, like being the champion of the people, but the reality is that antitrust actions have a much better record of protecting inefficient companies at the expense of more efficient competitors and consumers. . . . → Read More: The Irony Of Antitrust