Regulation Policy & Welfare

Protectionist Welfare for Steel

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On March 5, President Bush announced that he was slapping high tariffs on steel imports. Bush began the announcement by declaring, “Free trade is an important engine of economic growth and a cornerstone of my economic agenda.... To open even more markets to American products, I have urged the Senate to grant me the ... [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]

Let Spontaneity Rule

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As a conservationist and a libertarian, I always find it interesting to think how similar ecology and political economy are. Both are products of nature — self-sustaining phenomena resulting from the aggregate of millions of unrelated events. The Nobel-laureate economist Friedrich Hayek coined a term for ... [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]

Bush’s Farm Fiasco

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In May, President Bush signed one of the most wasteful farm bills that Congress has ever enacted. Though the estimated cost of the handouts continues rising ever closer to $200 billion over the next six years, Bush refused to squander any of his political capital protecting the American taxpayer. The hottest controversy ... [click for more]

The Fall of Libertarianism or the Failure of Interventionism? A Reply to Francis Fukuyama

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FRANCIS FUKUYAMA gained international recognition in 1989 when he published an article in The National Interest entitled “The End of Man.” He offered a “Hegelian” conception of the evolution and direction of human history. In short, he argued that human society was following a dialectical trajectory of development that would end with the triumph of liberal democracy around the ... [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]

Liberty, Property, and Automobiles

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The Board of Supervisors in Fairfax County, Va., recently passed a measure that limits the portion of a home’s front yard that can be paved for a driveway to 25 percent (30 percent for very small lots) and also prohibits parking on the homeowner’s grass. Why are too many ... [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]

Freedom, the Income Tax, and the Welfare State

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Americans have come to believe that the IRS and the income tax are inevitable parts of our lives. After all, most everyone alive today has lived his entire life under federal income taxation. It wasn’t always that way. For some 125 years, the American people lived without having any tax imposed upon their income. The obvious question that arises is: Why ... [click for more]
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