Wall Street, Banks, and American Foreign Policy, by Murray Rothbard
Defenders of the free market are often stigmatized as uncritical apologists for big business. Nothing could be further from the truth, as readers of this book will at once discover.
Defenders of the free market are often stigmatized as uncritical apologists for big business. Nothing could be further from the truth, as readers of this book will at once discover.
Randall Holcombe identifies a paradoxical feature of much public argument about economic issues. Socialism has collapsed. The Workers Paradise is no more, and even professed socialists rush to proclaim their allegiance to the market.
The pattern is all-too-familiar: Congress and its bureaus of executive-branch henchmen arrogantly mock the Constitution, only to be applauded by the courts. Nowhere is this pattern more evident than the recent case of Leslie Salt Co. vs. the United States. Here are the facts.
Some Americans are no doubt touched by Bill Clinton's concern for the health of children. His press secretary even declared that it was now the President's personal responsibility to prevent American youth from smoking.
But Clinton's ten-point program to prevent teenage smoking, designed by FDA Czar-for-Life David Kessler, will fail like all previous attempts at government nannyism.
A gasoline-powered truck just towed an electric Ecostar out of my driveway. Built by Ford Motor Co. under pressure from the federal government, the "state-of-the-art" vehicle was loaned to me for the day. It was supposed to recharge overnight, but the lights on the panel display, flashing wildly, said it would not.
Anyone who listens to the news hears a lot about failed policies. Conservative Republicans in Congress say they are seeking to overturn the failed policies enacted by liberal Democrats. Although the Democrats defend their deeds, they admit that certain policies may have failed and should be reviewed.
You're looking for a job. You want to get paid several times your worth, come and go when you please, work only when you feel like it, take as long a lunch as you want, and get ten paid holidays per year and six weeks paid vacation per year. There's only one way to go: work for the federal government.
After two years of pretending to be for free trade, the Clinton administration, backed by the Republican leadership in Congress, finally 'fessed up. In their dealings with China and Mexico, they shredded two centuries of economic wisdom, repudiated every principle of sensible economic relations, and kicked taxpayers and consumers in the teeth.
The Republican leadership and their advisers are confirming Murray Rothbard's doubts. Writing in the Washington Post, Rothbard noted the vast ideological divide between the voters and those who control the Republican Congress. His prediction: the leadership will defend the old order of government control even as its legitimacy is unraveling. The revolution was betrayed, he said, even before the Republicans took control.
How can business comply with the Americans With Disabilities Act? It can't. The ADA has created an inescapable trap for companies, a bottomless pit for liberty and property, and an unremitting excuse for harassment and control.