Columns
Rule of Law versus Legislative Orders
Webster’s dictionary defines law as all the rules of conduct established and enforced by the authority, legislation, or custom of a given community or group. Why are there laws in the first place? The most apparent answer is, were there not a particular law, some people would not conduct themselves according to the law in [...]
23Oct2009 | Walter E. Williams | 1 comment | ContinuedScience Fiction and Economic Fiction
Thomas Macaulay Boudreaux, age 12 and my only child, is a huge fan of Star Trek. Actually, even an italicized “huge” doesn’t quite capture the extent of Thomas’s fascination with, and knowledge of, the franchise. From Captain Pike through Mr. Spock to Ensign Sato, Thomas knows and loves anything and everything Star Trek.
So in August [...]
Rutherford B. Hayes and the Financing of American Prosperity
Rutherford B. Hayes, America’s nineteenth president (1877–1881), is generally dismissed as a minor, even below-average president. Matthew Josephson, the journalist-chronicler of the late 1800s, insisted that Hayes had “no capacity for . . . large-minded leadership.” Other historians have written him off as just another cipher among a string of forgettable chief executives of the [...]
23Oct2009 | Burton W. Folsom Jr. | 1 comment | ContinuedChild Labor and the British Industrial Revolution
Profound economic changes took place in Great Britain in the century after 1750. This was the age of the Industrial Revolution, complete with a cascade of technical innovations, a vast increase in production, a renaissance of world trade, and rapid growth of urban populations.
Where historians and other observers clash is in the interpretation of these [...]
A Tribute to the Polish People
The cause of liberty saw memorable highs and unconscionable lows in 1989. Surely that year will be best remembered as the year Soviet hegemony over central Europe disintegrated, paving the way for the dissolution of the Soviet Union itself in 1991. Free people everywhere should toast the brave people of one nation in particular–Poland–for the [...]
23Sep2009 | Lawrence W. Reed | 6 comments | ContinuedArrogance
It’s crazy for a group of mere mortals to try to design 15 percent of the U.S. economy. It’s even crazier to do it in a few months.
Yet that is what some members of Congress presumed to do. They intended, as the New York Times put it, “to reinvent the nation’s health care system.”
Let that [...]
Looking in the Mirror
Quite frequently, I hear, “How do you justify working at a state university and holding libertarian views? That’s hypocritical!”
The question is not as easy to answer as I would like–a fact that makes the accusation understandable (but, I hope, in the final analysis untrue).
My employer, George Mason University, is indeed a government-created and -owned outfit. [...]
The Shame of Medicine: The Case of General Edwin Walker
In 1962 James Meredith, an African-American student, tried to enroll at the University of Mississippi. His admission was opposed by Ross Barnett, the Democratic governor of the state, former Major General Edwin A. Walker (1909–1993), a decorated hero of World War II and prominent “right-winger,” and a group of segregationist white students. To ensure Meredith’s [...]
23Sep2009 | Thomas Szasz | 3 comments | ContinuedA Family of Heroes
In any major city, particularly a capital, the great majority of statues and memorials pay tribute to monarchs and presidents, priests, generals, and statesmen. This reflects the way history is commonly understood and taught: as the story of the achievements of those associated with political power, government, and war. Memorials to the historical figures associated [...]
23Sep2009 | Stephen Davies | 5 comments | ContinuedThe Real Meaning of Privilege
“They live in an expensive mansion, fly first-class to foreign countries, and eat at the finest restaurants. They send their kids to private schools. They’re so privileged.” How often have you heard some variant of the lines above? I’d bet it’s a lot. Yet, typically, the word “privileged” is inaccurate. We certainly all know or [...]
23Sep2009 | David R. Henderson | 6 comments | ContinuedIn the Grip of Madness
“Thank God we had the federal government last week to bail out the private sector!” That is what a rather statist friend of mine declared a year ago as the economy tanked, almost gleeful that the financial crisis seemed to be proving how much we all need a massive federal establishment to both regulate and [...]
19Aug2009 | Lawrence W. Reed | 24 comments | ContinuedThe Rise of Big Business and the Growth of Government
Most people learn about the relation between the rise of big business and the growth of government in the form of what amounts to a morality play. In the most widely disseminated version, presented in nearly every American history textbook, the emergence of big business (playing the role of the devil) is said to have [...]
19Aug2009 | Robert Higgs | 1 comment | ContinuedEFCA and Compromise
As proposed, the Employee Free Choice Act (EFCA) would 1) replace secret-ballot union representation elections with card-check certification of unions as exclusive (monopoly) bargaining agents for workers in their workplaces; 2) impose compulsory-interest arbitration on employers who do not agree to a first union contract within 130 days; and 3) increase penalties on alleged unfair [...]
19Aug2009 | Charles W. Baird | 0 comments | ContinuedCompetition Would Save Medicine, Too
Competition so regularly brings us better stuff—cars, phones, shoes, medicine—that we’ve come to expect it. We complain on the rare occasion the supermarket doesn’t carry a particular ice-cream flavor. We just assume the store will have 30,000 items, that it will be open 24/7, and that the food will be fresh and cheap.
I take it [...]
Give Up? Are You Kidding?
We should not squander a second feeling bad for ourselves. This is a moment when our true character, the stuff we’re really made of, will show itself. If we retreat, that would tell me we were never really worthy of the battle in the first place. But if we resolve to let these tough times build character and rally our dispirited friends to new levels of dedication, we will look back on this occasion someday with pride at how we handled it.
17Jun2009 | Lawrence W. Reed | 7 comments | ContinuedWhat The Drug Warriors Have Given Us
Does anyone still think the “war on drugs” is a good idea?
That may strike some people as an odd question under the circumstances, so let’s take it from another direction. Have you seen the news stories about the violence on the border being perpetrated by the Mexican whiskey and cigarette cartels?
No? That’s probably because there was no such violence and are no such cartels.
So why are there violent cartels in marijuana, cocaine, and heroin but not in whiskey and cigarettes?
All together now: prohibition.
17Jun2009 | Sheldon Richman | 8 comments | ContinuedThe Shame of Medicine: The Depravity of Psychiatry
Psychiatrists alternately deny and delight in possessing special professional skill at detecting future “dangerousness” that entitles them to the special power to incarcerate individuals they so stigmatize in prisons that masquerade as hospitals. The American legal system makes heavy use of psychiatric determinations of dangerousness, as a result of which vast numbers of Americans are deprived of liberty and, at the same time, of opportunity to demonstrate the injustice of their detention. Examples abound.
17Jun2009 | Thomas Szasz | 9 comments | Continued-
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Book Reviews
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The End of Prosperity: How Higher Taxes Will Doom the Economy–If We Let it Happen
By Arthur B. Laffer, Stephen Moore, and Peter J. Tanous
