Walter Edward Block is an American economist and anarcho-capitalist theorist who holds the Harold E. Wirth Eminent Scholar Endowed Chair in Economics at the J. A. Butt School of Business at Loyola University New Orleans. He is a member of the FEE Faculty Network.
Nippon Steel — Japan’s largest steelmaker — has offered to buy U.S. Steel for $14.1 billion, and all the people who count are frothing at the mouth. For example, President Biden has stated: “U.S. Steel has been an iconic American steel company for more than a century, and it is vital for it to remain...
It does not take too much upstairs to see through the Biden administration’s rejection of the JetBlue-Spirit Airlines merger. The latter is on the verge of bankruptcy. It is $1.1 billion in debt. It faces the headwinds of a new labor agreement raising pilot pay by 34% and has trouble with its Pratt & Whitney...
I recently took a car trip of about 150 miles. I’m still recovering from it, as I drove by myself and practically every mile was bumper to bumper (I exaggerate, but only slightly). So, I sat, stewed, and twiddled my thumbs. (I did so to baroque music, so it wasn’t a total waste, but still…)...