Economic libertarians focus on the fallacy of minimum-wage legislation because the issue serves as a window through which to observe the very soul of a policy world view. It is the pons asinorum of the relationship between economics and politics. If the free market works—meaning the existence of exchange under private property and contract enforcement—then there is no need for such laws.
This is a pernicious book. It comes to us in false pretenses. Farber and Sherry profess themselves opponents of "grand theorists" in constitutional law.
The judiciary's war on private property continues in Las Vegas. To borrow a line from Rush Limbaugh, the bad guys in the old west used to wear black hats, now they wear black robes.
The ACLU constantly files lawsuits against property owners who attempt to protect their property rights. Many of these lawsuits are supposedly to protect free speech rights. But can there be a right to freedom of speech unless that right is firmly based on property rights?
Complete privatization will not lead to ideal results, but it will unravel most of the anticompetitive practices that exist in the cable industry. The lesson that we should draw from the results of the Telecommunications Act of 1996 is that efforts to partially privatize the industry are likely to retain those elements of regulations that benefit concentrated interests in business most.
It has finally come down to this: Martha Stewart must go to prison, or at the very least be forced to step down from her position as CEO of Martha Stewart Living Omnimedia.
While protectionism may temporarily prop up inefficient industries and businesses, ultimately market forces will prevail, hurting even the favored industry. An insider tells the story of the copper industry--and how it ultimately lost out to fiber optics.
Abercrombie & Fitch, a constant winner in the voluntary "dollar-vote" elections of the market, is accused of being an intensely racist company in both its employment practices and its product marketing. In fact, it is doing nothing but what should be permitted in a free society: finding a market niche and making a profit.
If you are preparing to fire someone on grounds that he or she is dangerous, you had better have darn good legal counsel! Chances are you will be sued. Chances are that you will have to settle either with a large cash payment or go to court. In either case, you will have expended massive resources just to do what the free enterprise system should guarantee in the first place: the right to hire and free.
Closely linked to the issue of gay marriage is the issue of gay adoption. The subject raises the stakes in the current national controversy, and, as usual, state intervention complicates the picture enormously.
