Lay and Skilling are hardly alone. The difference is that they are going to prison. This was not a case of executives looting their company and then hiding those assets in offshore bank accounts and absconding with their ill-gotten gains. Instead, it was a case of executives who believed their own hype — and that of the financial press — and failed to apply the fundamentals of sound business practices to their decisions.
The myth of antitrust, the myth of the New Deal and labor union myths are three economic fallacies. All three declare that government must save capitalism from itself.
This second myth about market failure is again a call for interventionism and support for bigger government. Natural monopolies don’t exist. The theory was made up after the fact. The only monopolies existing are those propped up by government privilege.
In this excerpt from his new book, Hans-Hermann Hoppe shows how taxation corrupts the political culture and harms social well being.
Is Google the next target of the government's antitrust police? William Anderson says it is possible.
A condensed version of the documentary “Talking Butts,” Directed by Jesse Walker, Patrick McMenamin and Bretigne Shaffer; Produced by J
Henry George's 1886 book on trade is a devastating critique of the arguments of protectionists.
Protection or Free Trade, published in 1886, is undoubtedly one of the most significant works ever written on the subject, writes Laurence Vance.
