The TSA Treats Americans like Gitmo Detainees by James Bovard June 1, 2016 If you use hand sanitizer when traveling, the Transportation Security Administration can badger you as if you were a terrorist suspect. The TSA is the biggest hassle most Americans will encounter when they fly. I learned that first-hand while flying home from Portland, Oregon, last Thanksgiving morning. I arrived at the airport two hours before my flight. As usual, I ...
Free Trade Is Fair Trade by Laurence M. Vance June 1, 2016 As relayed by Harvard economics professor and chairman of George W. Bush’s Council of Economic Advisers, N. Gregory Mankiw, “The Princeton economist Alan Blinder once proposed Murphy’s Law of economic policy: ‘Economists have the least influence on policy where they know the most and are most agreed; they have the most influence on policy where they know the least ...
Praxeology and Hostile Action by Joseph R. Stromberg June 1, 2016 Praxeology according to Mises Ludwig von Mises saw praxeology — “the general theory of human action” — as the foundation of proper economic reasoning. Starting from the self-evident fact that men “act” so as to substitute more satisfactory states of affairs for those now existing, he believed he could build the basic toolkit of economic science by working deductively from ...
Economic Liberty and The Slaughterhouse Cases by David S. D'Amato June 1, 2016 Are economic rights and liberties among the “privileges or immunities” of citizenship protected by the Constitution’s Fourteenth Amendment? That was the simple question before the Supreme Court in the Slaughterhouse Cases, the opinion which is today almost uniformly denounced in the legal academy. Scholars of all political and interpretive commitments have come to reject Slaughterhouse as among the Court’s ...
The Making of a Great Entrepreneur by Burton W. Folsom Jr. June 1, 2016 Andrew Carnegie: An Economic Biography, by Samuel Bostaph (Lexington Books, 2015), 124 pages. Andrew Carnegie, that remarkable steelmaker, was a key player in the rise of the United States to becoming a world power in the late 1800s. More than that, Carnegie was one of the most spectacular entrepreneurs in all of U.S. history — ranked number four ...
Why I Favor Limited Government, Part 3 by Jacob G. Hornberger May 1, 2016 Part 1 | Part 2 | Part 3 | Part 4 | Part 5 | Part 6 There are two important points that one should recognize about the anarchy paradigm. First, under anarchy, there would no longer be a United States of America, and no longer would there be any U.S. citizens. There also ...
Bipartisan Battering of Freedom by James Bovard May 1, 2016 For more than 40 years, Republicans have been promising to cut federal spending. In the same period, federal outlays have inched up by a few trillion dollars. But the Grand Old Party continues singing the same song — though voters may finally be losing confidence in the opposition team. The latest pratfall occurred last December, once again illustrating that Republican ...
Conservatism and Libertarianism by Laurence M. Vance May 1, 2016 When conservative politicians are trying to get the votes of libertarians and “libertarian-leaning” Republicans, they often tout the supposed affinity between conservatism and libertarianism. They claim that there is a conservative and libertarian confluence of thought on many issues. They maintain that because the real enemy of conservatism and libertarianism is liberalism, conservatives and libertarians stand on common ground. ...
Regulatory Tyranny by David S. D'Amato May 1, 2016 Having considered the U.S. Supreme Court’s decision in the 1937 case of West Coast Hotel v. Parrish in the March 2016 issue of Future of Freedom, a case in which the jurisprudential tide turned in favor of deference to comprehensive social and economic legislation, a look at the earlier case of Schechter Poultry Corp. v. United States is in ...
The Revolution of Rising Expectations by Wendy McElroy May 1, 2016 Starving peasants storm the Bastille because oppression has driven them beyond the limits of human endurance. It is the quintessential image of political revolution. But what if it is wrong? Or what if there is an equally powerful force that also creates revolution and contradicts this received image? The phrase “a revolution of rising expectations” became popular after World War ...
The Empire versus Little America by Bill Kauffman May 1, 2016 Former Arkansas Sen. William Fulbright said in 1967, “The price of empire is America’s soul, and that price is too high.” War, expansion, the maintenance of a large standing army: these corrupt a country, as poets from James Russell Lowell to Wendell Berry have tried to tell us. The Vietnam or Iraq War may level villages across the sea but ...
Why I Favor Limited Government, Part 2 by Jacob G. Hornberger April 1, 2016 Part 1 | Part 2 | Part 3 | Part 4 | Part 5 | Part 6 In 1954 The Foundation for Economic Education published a book entitled Government: An Ideal Concept, by its founder and president, Leonard E. Read. In the book, which was critical of the anarchy paradigm, Read pointed out ...