Don’t Let This Opportunity Pass You By
According to an NPR story, Insider-Trading Ban Passes Congress, But Some See Missed Opportunity, Senator Charles Grassley was unhappy with the Stop Trading on Congressional Knowledge Act recently passed by Congress because it didn’t go far enough.
New Economic Reform in Freeworld
Peter named the territory over which he ruled Freeworld. He was installed in Washington in a decrepit, smelly old building which someone, evidently with a fine sense of irony, had once named The White House. This, he was told, was where the old capitalist emperors used to live.
“Alone?” he asked — “with all this floor space?”
He assigned apartments in it to Adams and other officials.
“I am going to introduce my new economic reform immediately,” he told Adams.
The Libertarian Manifesto on Pollution
[For a New Liberty: The Libertarian Manifesto (1973)]
All right: Even if we concede that full private property in resources and the free market will conserve and create resources, and do it far better than government regulation, what of the problem of pollution? Wouldn’t we be suffering aggravated pollution from unchecked “capitalist greed”?
The Influence of Say’s Traité
The Case Against the Market Economy
The objections raised against the market economy are based on very bad economics.
Turkish Government Wants Their People’s Gold
Just one visit to Istanbul’s Grand Bazaar tells a visitor how Turks store value. The Turkish monetary authorities have a history of debauching their currency so Turks store their wealth in gold and rugs. There are 373 jewelers and 125 rug stores in the bazaar.
In 1966, one US dollar bought 9 lire. By 2001, a dollar bought 1.65 million lire. Four years later, six zeros were lopped off the lira and a dollar equaled 1.29 new Turkish lire. Today, a dollar can be traded for around 1.80 lire.
Ralph Raico on Authentic Liberalism
Raico begins his work of conceptual clarification by asking, what is classical liberalism?
Classical Liberalism and the Austrian School
[Guido Hülsmann wrote the Foreword to Classical Liberalism and the Austrian School by Ralph Raico (2012)]
Peter and Paul Redux
Dana Milbank doesn’t like Paul Ryan’s budget proposal that was released this week. Why? Well, Ryan cuts spending on the poor in order to pay for tax cuts for the rich. Milbank writes:
