Legal System

Alexandre Padilla talks about Rothbard on Agency Problems at the 2003 Austrian Scholars Conference.

Recorded at Mises University 2001.

Laurent Carnis describes Rothbard on the Economics of Crime at the 2003 Austrian Scholars Conference.

Recorded at Mises University 2003.

Ronald Hamowy discusses Hayek and the Common Law: An Assessment at the 2002 Austrian Scholars Conference.

Recorded at the Reassessing the Presidency seminar; March 2004. (28:27)

Charles Adams is a rare tax historian who leads us back to Greeks and Romans and the history of liberty. The Battle of Marathon was critical for Greek civilization to seize control of Western Civilization. The Greeks had no direct taxation, just indirect. This is what fostered liberty.

Not even Krugman advocates an economic system akin to what we see in North Korea of the former Soviet Union. Yet, as William Anderson points out, we are now left with a perplexing question: If socialism does not deliver the goods like bread and automobiles in large numbers and in high quality, why does anyone believe that the practice of medicine is an exception?

The latest developments are part of a long list of transgressions perpetrated by the government in its zeal to ruin Martha Stewart. The reason why ImClone shares were set to fall in the first place was due to an incompetent Food and Drug Association's decision to reject the firm's request to market a highly anticipated cancer drug—a decision it would hypocritically reverse.

In a recent testimony, Greenspan argued that we must be grateful to the Fed for its loose interest rate policy since January 2001. Without this policy, he suggested, we would probably be suffering a terrible economic slump by now. Shostak's analysis, however, shows that instead of strengthening in financial conditions, the Fed's policy produce the exact opposite. The data show an unsustainable recovery and deteriorating underlying conditions.