The proliferation of the food truck industry has created numerous opportunities for entrepreneurial-minded Americans to start their own business. It is hard enough to succeed in the mobile cuisine business given how fiercely competitive the restaurant industry is. But government regulations are making it even harder for food truck entrepreneurs to stay afloat.
In a world where genetic testing is continually becoming more reliable and affordable, many people are wary of finding out their genetic makeup because they fear insurance companies will ask for the results. If your test shows that you are at high-risk for developing a disease, like Alzheimer’s, insurance companies may charge you higher premiums or may even decide that you pose too great a risk and turn down your application for coverage.
In this episode of The Debt Dialogues, I talk with Cato Senior Fellow Daniel J. Mitchell about how the welfare state undermines prosperity and economic growth.
Government regulations regularly treat honest businessmen as guilty until proven innocent by requiring that they get government permission to open a business, even one as familiar as a fast food restaurant.
This has been quite a month. We kicked off April with a debate on the welfare state at the University of Wisconsin-Madison that drew a live audience of 250 students and many more online.
Whenever the press, politicians and academics vilify a financial phenomenon, further examination almost always reveals that its bad elements are caused by regulation, not by markets — and often its consequences are good, despite what the experts claim. Case in point: the hysteria surrounding so-called high-frequency trading.
Michael Kinsley has a very sensible take on the Supreme Court’s McCutcheon decision that is particularly notable because he refuses to join the chorus of unfocused, hysterical complaints about money in politics emanating from many of his colleagues on the left.
Russian Prime Minister Dmitry Medvedev recently told a group of leaders from rural settlements that when it comes to food technology, he will be calling the shots. Sneering at the success of biotechnology in America, he declared his decision that farmers and consumers will not be able to import or grow the most technologically advanced crops.
