Antitrust keeps superior products and marketing strategies from harming rivals, but halting such innovation harms consumers. It inhibits superior firms from passing on their efficiencies to consumers in lower prices.
Private ownership of the means of production is the fundamental institution of the market economy.
As Hans-Hermann Hoppe has <a href="http://store.mises.org/Democracy-The-God-That-Failed-P240.aspx">noted</a>, democracy is owned by no one. But neither is representative government. Both are marked by infantilized societies: time preference shortens, current consumption trumps wealth-producing capital formation, tax burdens increase, and government debt swells.
What are the results of the patent system itself? The results are distorted research, protectionism, wealth transfers, and enrichment of the patent bar. Large companies, such as IBM, amass giant patent portfolios.
Plans are already in the works to put the initiative back on the ballot for 2012, which is expected to have higher turnout from young people.
Plans are already in the works to put the initiative back on the ballot for 2012, which is expected to have higher turnout from young people. But in order for the ballot initiative to succeed, we must first understand why it failed.
If it were not for the police, lawlessness and chaos would rule; therefore, we owe our safety, our civilization, our very lives to the selflessness
In the pipeline are dumb regulations for almost everything that plugs in or fires up in your home. The administration is meddling with every room in the house, goofing up technology and raising prices.
The voters of Washington State crushed an attempt to levy new income taxes on the rich. The viewers of <i>60 Minutes</i>, however, were just told that such taxes are a great idea. Who is right? Robert Murphy explains the economic rationale behind the voters' choice.
The trouble with nullification is not that it is too "extreme," as the enforcers of opinion would say, but that it is too timid. But it gets people thinking in terms of resistance, which has to be a good thing, and it defies the unexamined premise of the entire political spectrum.
