What's behind this new less-work-for-the-same-pay legislation is the 11.4 percent unemployment rate in France, a jobless rate that's been steadily expanded by the piling on of excessive labor regulations, government-mandated benefits and overblown taxation. The miracle here, if we're to believe the French socialists, is that an unemployment crisis that's been caused by too many government regulations will now be solved by yet another regulation.
The Clinton administration wasn't content with blowing up a pharmacy in the Sudan; now it wants to blow up hundreds of them on the web.
Pat Buchanan, protectionist, now says that US trade sanctions are counterproductive and should be repealed. Yes, but so should all restrictions on trade.
According to the old "Global 2000" Report, the world was supposed to end in the next few weeks.
Only the developing countries had it right in Seattle: both the protestors and the leading delegates represent a threat to free trade and enterprise.
Once again, the federal government is scrambling to make good on its own past mistakes. And private industries are facing massive costs, and potentially massive lawsuits, because of their attempt to keep up with federal regulators' changing whims. The controversy over Methyl tert-Butyl Ether (MTBE) shows once again that government's heavy-handed approach to environmental problems guarantees not solutions, but a continuing mess for which government will again posit itself as a solution-a clear example of Ludwig von Mises's theory of intervention.
Created in the name of free trade, and even backed by some free traders, the World Trade Organization has become what its fine-print promised it would be: a vehicle for economic planning.
Does Alan Greenspan have a theory or is he just winging it? (Commentary by James Grant)
In an interview with Mises.org, a leading German classical liberal explains how the government botched unification.
So long as the Fed has the power to print, the boom-bust cycle is here to stay. (Paper by Frank Shostak)
