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Political Paternalism, Not Free Markets, Cause Economic Shocks

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One of the political paternalist tricks is to insist that any economic policy failure is more “proof” of the bankruptcy of the market economy. Once again, this worn-out device is employed by Columbia University professor and Nobel Prize-winning economist Joseph E. Stiglitz. Any and all such presumed market “failures” are placed by Stiglitz under the umbrella term, “neoliberalism.” Neoliberalism has ...

No-Knock Raids Rip a Hole in the Fourth Amendment

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“We’re all potential victims.”—Peter Christ, retired police officer It’s the middle of the night. Your neighborhood is in darkness. Your household is asleep. Suddenly, you’re awakened by a loud noise. Someone or an army of someones has crashed through your front door. The intruders are in your home. Your heart begins racing. Your stomach is tied in knots. The adrenaline is pumping ...