The pessimistic scenario is not only that American businessmen, students, and tourists will forever fear to travel in any nation with a Muslim community. It could also mean disinvestment overseas, the further impoverishment of the developing world, a lasting world depression, a world split into major warring blocks, and police-state policies at home.
When there is a shortage of a good, it is safe to say that it is a result of government incursion into the economy. In the Cipro shortfall resulting from the current Anthrax scare, the likely culprits are FDA regulations and the patent system.
Ten years ago, Pope John Paul II released Centesimus Annus, an encyclical, at once subtle and sweeping, that addressed the future of the post-communist countries of Europe and the general subject of freedom, society, and faith. Jeff Tucker recalls its meaning.
Is there any merit to the popular definition of recession? Why must it be two quarters of negative growth and not one, or perhaps three? Frank Shostak gives another view and assesses the prospects for recovery.
Government is far from the economy's savior. Rather, it is a parasite, a cancer, that eats away at the wealth of its citizens with its fiat currency, its many billions of dollars of expropriated wealth, and its multitudinous directives.
If the military was all it took to wipe out terrorists, writes Robert Blackstock, Israel would have long ago shut down the PLO, and Britain would have already made Northern Ireland a vacation mecca.
Following his first airline trip since the September 11 attacks, Mark Thornton gives his account of the federal government's attempts to regulate and regiment airport and airplane security.
For too long,we libertarians have allowed our misguided opponents to monopolize the banner of equality. We have more right to that banner than they do. The time has come to seize it back.
Economists of the Austrian School not only understood that markets can fail if measured by an unrealistic and unrealizable standard. Ludwig von Mises emphasized the "uncertainty inherent in every action."
One day in 1953, an employee of the United States Bureau of Engraving and Printing with a distinguished ten-year employment record and a wife and two young sons, decided to become a thief. And working at the Bureau for the government showed him how he could do it.
