Selling coupons, buying loyalty

Some months ago I was talking to a friend who told me that when he used to work booths (he’s quite a freedom activist), he would sometimes sell brochures and handouts instead of giving them for free. People passing by could read them there free or charge, but if they wanted to take it home, they would have to pay. It would be a small fee, like 25 cents or some other small amount. But the idea here was not to make a profit, but to create interest.

slap ink on it?

Good for Steve Chapman for quoting Mises: “Government is the only agency which can take a useful commodity like paper, slap some ink on it, and make it totally worthless.” The only problem is that no one can seem to verify that Mises actually said this. It more or less reflects his thought but the prose is not his style.

Not Feldstein’s Gasoline Rationing Scheme but Economic Freedom Will Improve the Environment and Promote National Security

A noted economist, Prof. Martin Feldstein of Harvard University, has written an article for the supposedly pro-free-enterprise Wall Street Journal, in which he proposes a system of government gasoline rationing as a means of improving the environment and promoting national security. (The article, titled “Tradeable Gasoline Rights,” appears in the June 5 issue, on p. A10.)