The costs of the persecution of bingo operators are not limited to the financial burden on taxpayers but also include loss of individual liberty and the unintended consequences, which are difficult to quantify. Citizens, no matter how rich or poor, have the right to make bad decisions.
When prices are fixed, and labor conditions are set by law, an employer can indulge his racist preferences without receiving his capitalist comeuppance.
Boulton and Watt's refusal to issue licenses allowing other engine makers to employ the separate-condenser principle clearly retarded the development and introduction of improvements.
No, the authors are not really Austrian, and I'm not even sure that they can be called libertarians, but they understand the competitive process in ways that would make Hayek and Mises proud.
Sponsored by the Mises Institute and held at the College of Charleston in South Carolina; 7-9 April 1995.
Sponsored by the Mises Institute and held at the College of Charleston in South Carolina; 7-9 April 1995.
Sponsored by the Mises Institute and held at the College of Charleston in South Carolina; 7-9 April 1995.
Sponsored by the Mises Institute and held at the College of Charleston in South Carolina; 7-9 April 1995.
Rather than accept either administrative law or legislation, Leoni calls for a return to the ancient traditions and principles of "judge-made law" as a method of limiting the State and insuring liberty.
Courts and Congress defends a revolutionary thesis. If asked, who has the final say in our government on the meaning of the Constitution, most people would say, the Supreme Court.
