Free Market

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Ralph Reiland

Everyone knows about the class-action lawsuit against Hooters, the restaurant featuring waitresses in shorts and tight t-shirts. In the settlement, Hooters paid $2 million to the men who were denied the opportunity to serve as Hooter Girls, another $1.75 million in lawyer's fees, and created three new "gender-neutral positions."

Jeffrey A. Tucker

After hundreds of years of attacks on Christmas, economists have finally gotten into the act. Yale University's Joel Waldfogel, writing in the American Economic Review, condemns what he calls "The Deadweight Loss of Christmas." Once you cut through the calculus and graphs, his conclusion is clear: though Christmas generates a $50 billion gift-giving industry, a tenth to a third of that is sheer loss. Why? Because the recipient doesn't always get what he wants. Given the chance, the recipient would have purchased something else.

Michael Levin

Scott Adams, creator of the comic strip Dilbert, emerged a few years back as one of the cleverest cartoonists in the long history of that art. His eponymous protagonist, by now familiar to everyone, is a software engineer with vaguely defined duties at a large technology firm. Dilbert's closest companion is Dogbert, a philosophical pooch with the self-professed aim of world conquest.

James Sheehan

When the Soviet Union's central planners failed year after year to produce a respectable grain harvest, they blamed "bad weather." If only the weather could be controlled, Moscow dreamed, communism might be made to work. Officially, communism is dead, but the bureaucratic obsession with controlling the weather lives on in Washington, D.C.

David T. Beito

Making lots of money is evil say the politically correct. It's sleazy, socially destructive, and almost always immoral, unless profits are given away to left-wing lobbying groups. Typical of this trendy disgust with getting rich through capitalistic means is Socially Responsible Investing (SRI), a nebulous set of investing standards embracing a host of "progressive" political causes.

Shawn Ritenour

Employees at the Environmental Protection Agency presume to protect us from all sorts of supposed evils. But in doing so, no bureaucrats, save the tax collectors, are more vicious in their trampling of property rights. For example, they have made life miserable for people who own auto salvage and parts companies, and the drivers who depend on them.

Michael Levin

For ages, man's right to exploit the living world—to use it for his purposes—went unquestioned. Trees were for lumber, crops for harvesting, animals for eating and skinning as well, of course, as for companionship. When not consumed directly, the products into which human labor transformed living things found their way to the market. Nothing seemed more, well, natural.

Llewellyn H. Rockwell Jr.

For fifteen tedious years, Republicans demanded that Congress give the president the "line-item veto." Reaganites concocted this policy gimmick as a diversionary tactic. It allowed them to blame Congress when the budget wouldn't balance and spending soared. If only the president could eliminate pork, line by line, spending wouldn't be perpetually out of control.

Timothy D. Terrell

Among the tax discussions on Capitol Hill this year are the proposed changes in the 80-year-old inheritance tax. Part of the Republican tax plan calls for an increase in the estate tax exemption from $600,000 to $1,000,000, with considerably larger exemptions for farmers and other small business owners. The less generous Clinton Administration proposal would provide low interest rates on estate taxes paid in installments.