The Mississippi River Basin is the largest river basin in the world, and stretches from New York to Idaho and from Canada to the Gulf of Mexico. In the course of American history, the river often flooded, but not until 1927 had so many people been killed and left homeless and never had such a large land area been covered by water. It was the greatest flood in history, but this fact is not as well known: government caused it.
An attack on liberty that violates every principle of federalism and good sense. (Column by Clyde Wilson)
An inside look at the corrupting influence of one family on Maryland politics. (Column by Thomas DiLorenzo)
The New Jersey court ruling on the Boy Scouts violates a core principle of freedom. (Commentary by Llewellyn H. Rockwell, Jr.)
An examination of the premises in books by Stephanopoulos, Reich, and Morris, by Don Mathews.
How government subsidizes U.S. business abroad. (Op-ed by Janice Shields and James Sheehan)
Those arguing that Wall Street and other major industries cannot survive without a strong regulatory structure because regulators keep markets fair must now answer a basic question: Who regulates the regulators?
When Janet Yellen, Clinton's chair of the Council of Economic Advisors, resigned her post, she said it was for purely personal reasons. But according to inside reports, the personal reasons included frustration at having to lie day-in and day-out. No matter what the economic data of the week, she was expected to give it a spin that would boost the president and smear his enemies.
Statists never admit their failures. Indeed, to the statist failure is "success." For rather than acknowledging the interventionist "root causes" of urban decay (to borrow one of Janet Reno's favorite phrases), they propose even more intervention. The proposal is to have state governments impose on metropolitan areas, without a vote of the citizens of those areas, a new "regional" taxing authority that could impose a new layer of taxation on the residents of all counties within a metropolitan area. The tax revenues would then be used to continue to fund the failed government school monopoly, welfare, government housing projects, and any number of equally destructive government programs. As Mises warned, one government intervention always begets another.
Dominick Armentano defends his radical proposal against those who merely want antitrust reformed. (An excerpt from his new monograph.)
