Legal System

So long as the Fed has the power to print, the boom-bust cycle is here to stay. (Paper by Frank Shostak)

The politics of discrimination have been a major force for statism for decades. Only recently have some politicians yielded to public pressure to pull back from their absurd enforcement of quotas.

America's "War on Drugs" has become primarily a war on marijuana smokers. Federal data released this year reveals almost half of all drug arrests are for marijuana, and that approximately one in seven drug prisoners is now behind bars for marijuana offenses. Research reported by the Federation of American Scientists (FAS) in June found that 59,300 Americans are sitting behind bars on marijuana charges.

The most obvious alternative to government-mandated service is to use a free labor market. The government should advertise and recruit appropriate individuals and pay competitive wages. (When I proposed this to a local attorney he looked at me like I was from another planet. Yet, this same attorney thinks nothing of hiring his own paralegal help or advertising in the newspaper to sell his own services.)

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?

Dominick Armentano defends his radical proposal against those who merely want antitrust reformed. (An excerpt from his new monograph.)

Professor Smith has written a book that is an excellent example of a type of scholarship it is at pains to criticize. As our author sees matters, many modern constitutional law professors produce "elaborate, exotic" works (p. vii). Academic lawyers, seduced Professor Smith has written a book that is an excellent example of a type of scholarship it is at pains to criticize. As our author sees matters, many modern constitutional law professors produce "elaborate, exotic" works (p. vii). Academic lawyers, seduced 

According to the hoopla, the World Trade Organization (WTO) was created in 1995 as an instrument of global free trade. Instead, it is proving to be a vehicle for corruption, economic reprisals, and politicization of trade.

By what standard can its restriction be justified? Property rights are the only legitimate standard. (Commentary by Christopher Mayer.)

In wonderful if unintended backfire, regulatory threats create a boom in sales. (Commentary by Llewellyn H. Rockwell, Jr.)