All Posts Tagged With: "black market"
Drug Decriminalization Has Failed?
Michael Gerson, former speechwriter for President George W. Bush and now a columnist for the Washington Post, has denounced libertarianism as “morally empty,” “anti-government,” “a scandal,” “an idealism that strangles mercy,” guilty of “selfishness,” “rigid ideology,” and “rigorous ideological coldness.” (He’s starting to repeat himself.) In his May 9 column, “Ron Paul’s Land of Second-Rate [...]
24Aug2011 | David Boaz | 7 comments | ContinuedLight Bulb Hoarding
Europe’s ban on incandescent light bulbs goes into effect today. Not surprisingly, there have been reports of stockpiling of the old, eco-unfriendly light bulbs for allegedly “aesthetic” reasons. But my guess is those incandescent bulbs will be modestly profitable on Europe’s black market. Capitalism can’t be stop, only driven underground.From the New York Times: Under [...]
2Sep2009 | Mike Van Winkle | 6 comments | ContinuedThe Two-Price System: U.S. Rationing During World War II
As the United States mobilized for war after mid-1940, the government’s demands for munitions and related resources began to put pressure on certain markets, and soon prices began to rise. In 1941 they rose faster: from December 1940 to December 1941, the producer price index increased by 17 percent, the consumer price index by 10 [...]
24Apr2009 | Robert Higgs | 5 comments | ContinuedLegalize All Drugs
Reading the New York Post‘s popular Page Six gossip page recently, I was surprised to find a picture of me, followed by the lines: “ABC’S John Stossel wants the government to stop interfering with your right to get high. The crowd went silent at his call to legalize hard drugs.” I had attended a Marijuana [...]
1Oct2008 | John Stossel | 7 comments | ContinuedEconomics for the Citizen: Part V
We’re all grossly ignorant about most things that we use and encounter in our daily lives, but each of us is knowledgeable about tiny, relatively inconsequential things. For example, a baker might be the best baker in town, but he’s grossly ignorant about virtually all the inputs that allow him to be the best baker. [...]
1Aug2006 | Walter E. Williams | 0 comments | ContinuedA Museum You Don’t Want to Miss
More than 150 years ago Karl Marx predicted that communism was inevitable. History, he claimed, was marching inexorably toward a communist paradise. In hindsight it would appear that if anything about communism was inevitable, it was that it would sooner or later be relegated to the status of museum relic. In the capital city of a formerly communist country in eastern Europe, that’s exactly what has happened.
1Mar2004 | Lawrence W. Reed | 1 comment | ContinuedWhy Economies Grow
Aaron Schavey is a policy analyst in the Center for International Trade and Economics (CITE) at the Heritage Foundation. One of the consequences of living in an affluent society such as the United States is that the poverty of the majority of the world is often overlooked. For instance, a recent report from the Organization [...]
1Nov2001 | Aaron Schavey | 2 comments | ContinuedInventing Life in Cuba
Marc Olshan is a professor of sociology at Alfred University in Alfred, New York. In the hills of the Sierra de Cubitas, Cuba, a rusted-out truck loaded with scavenged lumber creeps onto the broken pavement. The lumber sticks out well past the end of the flatbed and, lacking a piece of cloth, the driver has [...]
1Apr1998 | Marc A. Olshan | 1 comment | ContinuedThere’s Some Good in Gouging
Karen Selick is an attorney in Ontario, Canada, and a columnist for Canadian Lawyer The great ice storm of January 1998 left millions of residents of Quebec and eastern Ontario in Canada (and in the northeastern United States) without electrical power, some for several weeks. The storm itself was unprecedented, but it brought with it [...]
1Apr1998 | Karen Selick | 0 comments | ContinuedThe Tobacco Deal: Myths and Misconceptions
Robert Levy is senior fellow in constitutional studies at the Cato Institute and author of the Cato Policy Analysis, “Tobacco Medicaid Litigation: Snuffing Out the Rule of Law.” The deal being forced on tobacco companies, whether it is the original negotiated agreement or one amended according to President Clinton’s liking, is manifestly unconstitutional and nothing [...]
1Jan1998 | Robert A. Levy | 1 comment | Continued-
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