Free Trade & Trade Policy

A Rare Moment of Candor

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President Bush says he’s got the economy under control. That’s supposed to comfort us. I’d feel better if he said he had the federal government under control. It’s spending wildly — and it can’t blame the “war on terrorism” for it all. That’s just the latest spending. ... [click for more]

The Real Solution to Business Misconduct

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The way people talk about the need for new regulation of business, you’d think it was 1930. Have we not already lived through the New Deal with its pervasive regulation of corporations? Have we not lived through the regulatory explosions of the 1970s, 1980s, and 1990s? Are not the transgressions ... [click for more]

Leave Sam and Martha Alone

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One of the latest “business scandals” involves alleged insider trading by people close to Samuel Waksal, the founder of the drug company ImClone Systems and its recently resigned CEO. The government says Waksal told family members and friend Martha Stewart that the Food and Drug Administration (FDA) was about to ... [click for more]

The Solution to Poverty

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I have great news for you! According to today’s Washington Post (March 22), world leaders meeting at a U.N. conference in Monterrey, Mexico, have come up with a new plan for ridding the world of poverty. The plan involves the U.S. government’s sending of foreign aid to the governments of Third ... [click for more]

Farmers Should Oppose Socialism

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The Brownsville, Tennessee, offices of the Department of Agriculture were the scene of a recent five-day sit-in by black farmers who claim that government loan applications are being stalled by a racist system. Instead of complaining about racism, though, they should be complaining about socialism. Over the last 70 years, ... [click for more]

When Will the Catastrophists Learn?

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The doomsayers never give up. Whats more, they are an ever-moving target. Refute one of their claims of catastrophe, and they are back with another before you can say, “The future is bright.” Sometimes even the good news is bad. The global catastrophists, such a Paul Ehrlich, used to say, “The ... [click for more]

The World’s Poor Lose a Friend

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On May 2 the best friend of the world’s poor died at home in London. Peter Bauer was 86 and had just been named winner of the first Milton Friedman Prize for Advancing Liberty, awarded by the Cato Institute. Never heard of Peter Bauer? That’s because his analysis of poverty ... [click for more]

No Bailout for Amtrak

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Once again, Amtrak is in dire need of our tax dollars. Without a cash infusion, Amtrak president David Gunn said it will have to halt operations. Negotiations are now underway that will provide a guaranteed “loan” (read: subsidy) to the railroad. The question that no one seems to ... [click for more]

“Economic Freedom”

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In a May 1 editorial, The Washington Post called on Cuban dictator Fidel Castro to honor a petition signed by 10,000 Cuban citizens demanding that a national referendum be called on freedom of expression, free elections, the right to private enterprise, and amnesty for political prisoners. The Post correctly praised those 10,000 ... [click for more]

Why Congress Investigates Enron

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Members of Congress are certainly licking their chops over the Enron affair. Now why would that be? Could it be that they cannot resist investigating a company that apparently lied to the public, misrepresented its financial situation, kept lousy records, engaged in conflicts of interest, and acted covertly? Wait, that sounds ... [click for more]

Bush Betrays Free Enterprise

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There’s no longer any excuse for thinking that President Bush is a champion of free-enterprise capitalism. The week of March 4 sealed the question. He began the week by imposing tariffs up to 30 percent on imported steel. True, he didn’t give the industry and the steelworkers all that they wanted. He ... [click for more]
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