[This article originally appeared in The Freeman, October 1969.]
Of all the data on the markets page, this is the chart I find most riveting.
Verizon has recently been on both ends of the contemptible U.S. antitrust law. The company has been the victim of antitrust laws and is now attempting to use them against competitors.
Despite the fierce competition between the four dominate wireless providers (Verizon, AT&T, Sprint Nextel & T-mobile) as well as numerous smaller firms, the government has seen it necessary to involve itself. Verizon recently completed a merger with Alltel. One of the conditions of this merger was that Verizon divest itself of many of Alltel’s assets and customers.
Rep. Alan Grayson Questions Fed Inspector General Elizabeth Coleman on the $9 trillion in off-balance sheet transactions.
Elizabeth Coleman: “We are in not a position to say if there are losses.”
Grayson concluded, “I am shocked to find out that nobody at the Federal Reserve, including the inspector general, is keeping track of this.”
The “two teeth for a tooth” view of punishment is espoused by Murray Rothbard (see “Punishment and Proportionality,” in Ethics of Liberty) and Walter Block (see Toward a Libertarian Theory of Guilt and Punishment for the Crime of Statism and Radical Libertarianism: Applying Libertarian Principles to
[This article is excerpted from Memoirs by Ludwig von Mises.]
”In Austria, one did not feel it was his national duty to ‘overcome’ the ideas of Western Europe.”When I first came to the university, Carl Menger was nearing the end of his teaching career. There was little attention paid the Austrian School of economics at the university, and I had no interest in it at the time.
