A Government Program for All

My economics students often ask why, if the economic theory I present is correct, there is so much intervention in the economy. It reminds me of an observation made by Henry Hazlitt in Economics in One Lesson: It is often sadly remarked that the bad economists present their errors to the public better than the [...]

Natural, Not National, Rights

Somewhere in my reading about immigration I encountered the deceptively simple point that it’s not immigration we should be talking about but migration. That’s another way of saying the focus has been on “us,” when it should be on the people coming to the United States. The discussion has proceeded as if they have no [...]

Government-Mandated Fuel-Efficiency Standards

Government mistakes have long lives. In response to the energy crisis of the 1970s, Congress passed the Energy Policy and Conservation Act. This legislation had two major objectives: 1) Reduce our overall consumption of petroleum and 2) reduce our dependence on foreign oil (meaning OPEC). The means to accomplish this was CAFE, Corporate Average Fuel [...]

Central Planning Comes to Main Street

Steven Greenhut (sgreenhut@ocregister.com) is senior editorial writer and columnist at the Orange County Register in Santa Ana, Calif. He is author of Abuse of Power: How the Government Misuses Eminent Domain. A casual reader could be forgiven for skimming through a front-page Los Angeles Times article from February 12 and thinking that the story was [...]

Book Reviews – June 2006

The White Man’s Burden: Why the West’s Efforts to Aid the Rest Have Done So Much Ill and So Little Good by William Easterly — reviewed by Richard M. Ebeling

The Capitalist Manifesto by Andrew Bernstein — reviewed by Gary M. Galles

Water for Sale: How Business and the Market Can Resolve the Worlds Water Crisis by Fredrik Segerfeldt — reviewed by George C. Leef

Common Sense Economics: What Everyone Should Know About Wealth and Prosperity by James Gwartney, Richard L. Stroup, and Dwight R. Lee — reviewed by Tom Lehman

Hayek and Freedom

A few years ago I had the opportunity to look through a transcription of a set of note cards that F. A. Hayek kept through the latter years of his life. It was fascinating to see how he wrote for him­self and to get glimpses of ideas that would later be more fully fleshed out. [...]

Why Not Monetary Freedom?

In all of the commentaries that have appeared since President George W. Bush nominated Dr. Ben S. Bernanke as Alan Greenspan

Why Socialism Is Impossible

In the nineteenth century, critics of socialism generally made two arguments against the establishment of a collectivist society. First, they warned that under a regime of comprehensive socialism the ordinary citizen would be confronted with the worst of all imaginable tyrannies. In a world in which all the means of production were concentrated in the [...]