Free Trade & Trade Policy

The Fundamental Rights of the European Union: Individual Rights or Welfare-State Privileges? Part 2

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Part 1 | Part 2 IN NOVEMBER 1934, during the dark years of growing tyranny throughout Europe, British historian Ramsey Muir penned a short article that appeared in the pages of the journal The Nineteenth Century and After. His theme was “civilization and liberty.” He asked how it was that of all the civilizations around the world, only the ... [click for more]

Market Liberalism, International Order, and World Peace, Part 2

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Part 1 | Part 2 In 1952 ,free-market economist Michael A. Heilperin delivered a lecture entitled “An Economist’s Views on International Organization.” He told his audience, It is an elementary, but often forgotten, knowledge that policies of national governments have always been the principle obstacle to economic relations between people living in various countries, and that whenever these relations ... [click for more]

Market Liberalism, International Order, and World Peace, Part 1

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Part 1 | Part 2 In this Post–Cold War epoch the world is desperately searching for international order, global peace, and general economic prosperity. The great debate going on around the world is whether these desired goals can be attained through the existing system of national sovereignty or whether they require the establishment of international political organizations with the ... [click for more]

Abolish NHTSA

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Purely for the sake of discussion, let’s assume the worst about Firestone and Ford: that someone’s gross negligence led to the production of tires that endangered drivers of Ford Explorers. The common law tort process should be allowed to take its course. If there’s evidence of ... [click for more]

Is Mexico Asking the Right Questions?

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In order to solve a problem, it is necessary to ask the right questions. During his recent visit to Washington, Mexican President-elect Vicente Fox asked the wrong questions: "How can we narrow the gap in income on both sides of the border?" and "How can we put together a fund for development?" The ... [click for more]

No One Is Qualified to be President

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The Democrats' chief argument against George W. Bush is that he's not qualified to be president. They're right He's not qualified. But neither is Al Gore. Or Dick Cheney. Or Joseph Lieberman. No one is qualified to be president. No one. This is not a statement born of cynicism. It's cold fact. How ... [click for more]

Gored, Not Gouged

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Vice President Al Gore has an annoying habit. When he doesn't like the price of something, he sanctimoniously condemns the particular industry that produces it. He's lately accused both the oil industry and the pharmaceutical industry of "price gouging," which after "risky scheme" is becoming his favorite sound-bite phrase. [click for more]

Stop the Political Gouging!

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Price gouging! That's the sound of panicking Democrats as they contemplate the prospect of going into the election with the price of gasoline rising. They are miserable about the possibility that the growing economy, on which they long have thought they would ride to victory, might turn around and bite them. The ... [click for more]

Clinton’s Fair-Trade Fraud

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PRESIDENT CLINTON prides himself on calling for “free and fair trade” with foreigners every chance he gets. However, what is the Clinton administration’s idea of fair trade? Few things better illustrate the political corruption of the idea of fairness than the abuses of the U.S. anti-dumping laws. Clinton’s Commerce Department found pretexts to condemn foreigners for unfair trade in 98 ... [click for more]

When the Violent Attack the Peaceful

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In the topsy-turvy world of Washington, D.C., the federal government is a friend of competition and Microsoft its mortal enemy. To appreciate this fully, keep in mind that the government forbids competition with its activities (beginning with delivery of first-class mail), while Microsoft has rivals at every turn. Yet Microsoft, not the federal government, is on the chopping block. Through federalism ... [click for more]

What the Market Teaches

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What are we to make of the recent swings in the stock market? The first thing to keep in mind is that whether people buy or sell stocks, they do it on the basis of their estimation of the future, near or distant. Among the things they take into ... [click for more]

No Worry about Gas Prices

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Isn't it funny that people get upset when the laws of economics operate as expected? Gasoline and crude oil prices have risen lately in response to higher demand and lower supply. So what do people do? They frantically call on the government to do something. Truckers drive ... [click for more]
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