Freedom Daily Archive

A Free Market for Health Care

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Concerned about rising costs the number of Americans without medical insurance, nearly everyone is these days about a day goes by without a presidential or a magazine calling for something drastic to be done. Each advocate maintains that his plan will bring skyrocketing costs under control, make health care accessible to low-income people, and bring health insurance within the ... [click for more]

Hepburn v. Griswold

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In 1860, Susan P. Hepburn executed a promissory note in which she expressly promised to repay a loan of one thousand dollars. When the note came due in 1862, Hepburn tendered to Henry A. Griswold, the owner of the note, United States governmental notes totaling the amount of the debt. Griswold refused the tender and sued Hepburn for his ... [click for more]

Playing Monopoly in the Real World

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There are three major monopolies in the United States that have plagued the American people throughout most of this century. Yet despite their professed opposition to monopolies, the American people simply cannot bring themselves to end them. But end them we must — for they are among the most tyrannical and destructive aspects of the American welfare-state, regulated-economy way ... [click for more]

Quick Fixes and Economic Fallacies

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The famous English economist Alfred Marshall is reported to have once remarked that "students of social science must fear popular approval; evil is with them when all men speak well of them. If there is any set of opinions by the advocacy of which a newspaper can increase its sales, then the student . . . is bound to ... [click for more]

Monopoly

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I have been teaching economics at the university level for twenty-five years. Easily the most often-asked questions relate to monopolies. The questions are often put in the following form: "In an economy free of governmental regulation, wouldn't a firm or group of firms obtain a monopoly over some vital resource or ... [click for more]

The Phantom Called “Monopoly”

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In their denunciation of capitalism the socialists use some frightful phantoms. The oldest and perhaps the most effective one is the notion that monopolistic concentration of business inheres permanently and inseparably in capitalism. They depict in vivid colors the horrors of monopolistic capitalism and then conclude that a free ... [click for more]

Book Review: Anti-Americanism

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Anti-Americanism: Critiques at Home and Abroad, 1965-1990 by Paul Hollander (New York: Oxford University Press, 1992); 515 pages; $35. In 1981, Professor Paul Hollander published Political Pilgrims: Travels of Western Intellectuals to the Soviet Union, China and Cuba. He explained and critically evaluated the appeal that socialist countries have had ... [click for more]

Free … But the Patient Doesn’t Get Well

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If government ever does to health care what it has done to the Postal Service, we will be well down the road to contracting the national illness known as "socialized medicine." With so many regulations already, it's arguable that we're halfway there now. We'll know we've reached the end of the road when doctors become federal employees and medical ... [click for more]

Push the Button

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Should the welfare state be eliminated all at once or phased out over time? Some of the most committed freedom-devotees waffle when it comes to that question. They maintain that the immediate elimination of the welfare system would be unfair or harmful to those who benefit from the welfare apparatus. We must never lose sight of the fact that the ... [click for more]
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