Private Property

Displaying 491 - 500 of 539
E. Berton Spence

Austrian economists should revel in the story of Ukara, a small, Tanzanian island in Lake Victoria. John Reader, in his astoundingly detailed and fascinating work, Africa: A Biography of the Continent (Alfred A. Knopf, 1998), presents among a wealth of other information that should be of genuine interest to economic scholars a little over three pages (beginning at 255) of highly persuasive refutation of the statists' cry for central planning to protect against deadly "sprawl."

Christopher Mayer

Garet Garrett wrote in 1932, "Mass delusions are not rare. They salt the human story." Indeed, mass delusions are no more apparent than in the realm of public policy and especially in the faith people have in their government to carry out functions designed to promote the public good. How else to describe the persistent belief that government is a good steward of resources of any kind?

Gregory Bresiger

Private subways-even though highly regulated, even though the fare was held to a nickel by government decree--fueled the expansion of the city. As lines were extended, neighborhoods and shopping centers grew around the stations. But by 1940, through rigorous regulation and through Communist labor unions that sabotaged private ownership, the subways were taken over by the city.