David Bahnsen’s Capital Record

David L. Bahnsen, National Review Institute senior fellow and founder of The Bahnsen Group, provides a guide to understanding how free markets, sound money, and limited government create lasting prosperity.

14:15

Transparency for Thee but Not for Me

Amazon’s ‘shocking’ idea of disclosing the impact to prices from taxes on imports is a great chance to relearn some lessons from master himself, Friedrich Hayek.

As the Trump administration and Amazon/Bezos almost duked it out over the “shocking” idea of disclosing the impact to prices from taxes on imports, those of us seeking to understand economic application out of cogent economic theory were given a great chance to relearn some lessons from master himself, Friedrich Hayek. It turns out price discovery is important in economics for the same reason transparency is important in political theory -- and this ought to be a very non-partisan belief!

David L. Bahnsen

David L. Bahnsen is the managing partner of a wealth-management firm and a frequent writer and public commentator on matters of economics, faith and work, and markets.

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