Like previous administrations in modern America, the Bush Administration has openly declared itself an enemy of the rule of law. If well-heeled corporations are unable to defend themselves from what essentially are illegal prosecutions, what chances will avail to the rest of us?
If hedge funds can be regulated or inhibited from selling short, asks Christopher Mayer, what is next? Ban mutual funds that invest in tobacco companies or other sin stocks? Ban investors from betting against a rise in the dollar? Prohibit investors from owning gold? (That's already been done before.)
In tough times, people cling to the words of politicians and the statements of TV's talking heads—the two sources least likely to offer a broad perspective that yields answers. Jeffrey Tucker recommends five books for a clear a historical perspective, a theoretical explanation, a forecast for the future, and an agenda for change.
How does the public sector decide that it is a good idea to explore space instead of spending the time, resources, and talent on other scientific explorations or, for that matter, some other area like building a road? Tibor Machan, for example, likes the idea of ocean living but few seem to agree with him.
People frequently refer to government policies as paternalistic—either to justify or criticize them. But there is no analogy between a family and government.
Many of the same people who debunked Lyndon B. Johnson's War on Poverty, and ridiculed its failures, are enthusiastically backing George W. Bush’s War on Terror. Both are big-government programs. Why back one and not the other?
Millions of students begin their first day of classes with a profound awareness of the impending make-or-break tests, to be taken at regular intervals from the first to the twelfth grade. On the face of it, writes Jeffrey Tucker, it seemed to work. But reformers forgot one thing: we are dealing here with public school.
By defaulting on one loan, Argentina may be acknowledging that no country ever became wealthy depending on public financing organizations from another hemisphere. One can hope. Such ideas can lead to economic sovereignty and wealth creation. Such ideas, if spread, can cause industrial revolutions.
David made an enemy of the State because he dared to legally push the boundaries and defy the police state. He did so during a crusade aimed at the prevention of further regime encroachment into the lives of others. David's story, as told by Karen De Coster, is one of principle and perseverance.
Douglas Husak, a distinguished legal philosopher, presents in excellent fashion a key point about drug prohibition. He claims not to be a libertarian;
