Free Trade & Trade Policy

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]

Netscape Gets the Green

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Imagine the nerve of a company that gives away its product in an attempt to knock off the dominant firm in an industry. I have one such company in mind right now. It went all out to make it easy for consumers to have free access to its product. You couldn’t ... [click for more]

Slave to the Olympics

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Getting up to answer the knock at your door, you open it to find a police officer standing stiffly, fidgeting with his nightstick. “Mr. Jones, I am here for the soccer field”, he says tersely. “Soccer field?” you say. “I don’t get it.” [click for more]

Farmers: Get a Job!

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It kind of makes me wonder what country I'm living in when I pick up the newspaper and read this from the Associated Press: "With crop prices mired near record lows, the government says farm earnings will drop 20 percent this year unless Congress enacts a new farm program or approves ... [click for more]

Government Needs to Lose Weight

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How ironic that just as an already-bloated government is taking on major new powers, it is exhorting us to lose weight. But that’s exactly what Surgeon General David Satcher is calling for. In his recently released “Call To Action To Prevent and Decrease Overweight and Obesity,” Satcher writes, “Our ... [click for more]

What the Enron Bankruptcy Doesn’t Mean

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A big company fails, maybe even commits wrongdoing, and in some people’s eyes that proves free markets are bad. This is what passes for logic these days. The full story on Enron is not known yet. But for the sake of discussion, let’s assume the worst: namely, that company management deliberately ... [click for more]
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