Legal System

"It is vain, however, to call simply for clearer statutory definitions of monopolistic practice. For the vagueness of the law results from the impossibility of laying down a cogent definition of monopoly on the market."

That will give the FTC far greater power to block mergers than the statutory text or Supreme Court precedents permit.

She seems to me dubiously to assimilate international law to domestic law.Scarry has in any case given us in her excellent and provocative book an indictment of recent American policy difficult to answer.

He offers a Kantian justification for political economy in the style of Buchanan; and he maintains that this view of things is at the root of the American Republic. Readers of a libertarian bent will not be fully satisfied; but Roth's carefully argued book deserves, and rewards, close study.

The abstraction called the "ecosystem" — which never seems to include mankind or civilization — has done far less for us than the oil industry, and the factories, planes, trains, and automobiles it fuels.

"I contend that Professor King is a utilitarian rather than a natural-rights theorist."

The constitutional arrangement is far from perfect. But, at least if its provisions are obeyed, there is a barrier imposed on arbitrary and secret rule by one person.

"The essence of 'immediate convertibility' is the difference between what Austrians call a claim transaction or warehouse receipt, like a demand deposit, and a credit transaction, like a time deposit."

Like school vouchers, the flat tax, and other pretenders, the AFV assumes the necessity of state intervention and tries to bend liberty around such strictures.

The way to stop the brain and capital drain is readily at hand. Relinquish controls. Stop taxing people abroad. Adopt laissez-faire. Reinstitute freedom. Reject militarism and nationalism.