and it could eliminate the last legal barrier against giving Mexican trucks full access to American highways, by overturning a ruling from the 9th Circuit Court of extra transportation costs the current system imposes. Further, it would open Mexico up to efficient U.S. trucking firms, since they are now excluded from
licenses to all applicants, free of price and free of restrictions. “Faced with open entry into a scarce resource pool,” writes Hazlett, “a classic ‘tragedy of the the case of mining on public lands. If a license gives a mining company exclusive access to certain metal deposits for the next 5 years, the incentive to the licensee
they are hired by NASA. Indeed, because a free market in space industries would be open to all competitors, we have every reason to expect technological innovation to Even if a central planning board were truly benevolent, and even if it had access to all of the technical conditions (such as resource supplies and
Americanism changed to a more ambivalent view by mid-century, and finally, to an openly hostile view today that Western society was (and is) violent, murderous, and and places has been fraught with risk. Had Americans of the 19 th century had access to the technology and medical science we now enjoy, the settlement of the West such tales are no doubt popular with many Americans today who seem increasingly open to believing almost anything about the West as long as it is simultaneously
on that we find wealth first accumulating and civilization beginning. It is on accessible harbors, by navigable rivers and much traveled highways that we find by a printer’s placing of a comma or by arbitrary constructions, frequently open to grave suspicion, and which no one can foresee (p. 85). In the scramble which
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.