It was September 11, and panicked customers were flocking to the two gas stations Bobbie Jean Harvey owns near Midland, Mich., to top off their tanks in case the supply of gas was disrupted. It became apparent that sales on September 11 were going to be above average. In hindsight, however, Ms. Harvey wishes she had closed her stations.
Social Security was designed as a tool of macroeconomic policy: a social arm of central planning passed in age of boundless faith in the power of the state.
The latest self-appointed "savior" of capitalism is Senator John McCain of Arizona, who likes to speak of himself as "straight talking," but actually is nothing more than one of the many who are now pushing for destructive new regulations. William Anderson examines the proposals to empower politicians, of all people, to clean up business.
Charles Lindblom is at it again. In God and Man at Yale, William Buckley, Jr.’s indictment of leftist teaching at Yale University written half a century ago, a young teacher at the college was mentioned
As the war on terror drags on, many people calling themselves libertarians have decided that it's not such a bad thing after all. What, they ask, is the point of government if not to bomb those who would threaten our safety? The trouble is that real life works a little differently from the civics-text ideal of government. Government uses war—and sometimes foments it—in order to expand its power over its own people or to expand its imperial power.
Insider trading laws, writes Dale Steinreich, have empowered the SEC to undertake a mission in information egalitarianism that favors certain classes of investors and strategies, and not others. Martha Stewart and ImClone have the book thrown at them, while the stock sales of Apple Computer's executives are ignored.
For those who have not flown commercially in since last September are in for a rude awakening, writes William Anderson. You will face the insanity that passes for modern airport security, even as airline travel is as vulnerable as ever. And if you believe things might improve, think again.
Ted Roberts asks why his president, my congressman, my governor, the Postmaster General, or the county tax assessor isn't as eager to hear his opinions as a manufacturer of sugared, cola-flavored water? Politicians seem oblivious to the charms of consumer prejudices, but giants like Pepsi, and even local mom-and-pop barbecue caterers, whirl like a weather vane in their currents.
"The myth of Lincoln cannot stand up under scrutiny," says Thomas DiLorenzo, "and after all these years, the word is finally getting out." Mises.org interviews DiLorenzo on his new book and its thesis that Lincoln's legacy was not freedom but the consolidated state. The book's high sales are as notable as the explosive controversy that has erupted about his thesis.
Corruption breeds poverty. That is the conclusion of the latest World Development Report, in which the World Bank cites "evidence that higher levels of corruption are associated with lower per capita income" (World Bank, 2002). The story told is that bribes raise the costs of doing business, so more corrupt countries attract less foreign direct investment, which lowers growth rates and per capita incomes.
