Advocates of a number of government interventions often argue that such measures are required to deal with the “free rider problem.” Indeed, Mitt Romney has called his insurance mandate in Massachusetts a “free rider surcharge.” Wikipedia describes the “free rider...
In every state of the union, individuals are required to obtain a driver’s license in order to legally operate a motor vehicle. Further, specialized licenses are also required to operate specific types of vehicles, such as large trucks and motorcycles. To obtain such...
First published in 1946, Economics in One Lesson by Henry Hazlitt remains one of best books on economics ever published. The lesson, to paraphrase Hazlitt, is that economists must look beyond the immediate and visible consequences of economic policies; they must look...
Let us say that you are one of the millions of unemployed Americans. Unable to find a job, you decide to start your own business. Perhaps you’ve always done your own home repairs and decide to offer a handyman service. You start installing ceiling fans, replacing...
Innovations do not always occur at the speed or in the direction that government officials would like.
If you were alone on a desert island you would not be able to escape the fact that you must work to sustain your life. Alone on the island you could spend your days in any activity of your choosing—hunting, fishing, building a home, swimming, or napping. But you would...
In 2007, I served as a consultant to a group of citizens opposed to an attempt to bring zoning to Hobbs, New Mexico. During that time, I wrote a series of articles that were published in the local newspaper. This is one of those articles. In a referendum, zoning was...
What do the United States Postal Service (USPS) and America’s educational system have in common? Most Americans are aware that both are government monopolies, neither is meeting its stated goals, and both are huge money pits for taxpayers. Fewer Americans are...
Cathy and the politicians deny that individuals have the right to contract freely, and marriage is a contractual agreement. Cathy would deny this right to gays. The politicians would deny this right to Cathy, property owners, and consumers.
In her essay, “The Anatomy of Compromise,” Ayn Rand wrote: “When opposite basic principles are clearly and openly defined, it works to the advantage of the rational side; when they are not clearly defined, but are hidden or evaded, it works to the advantage of the...
In 2007, I served as a consultant to a group of citizens opposed to an attempt to bring zoning to Hobbs, New Mexico. During that time, I wrote a series of articles that were published in the local newspaper. This is one of those articles. In a referendum, zoning was...
Since 1886, the Statue of Liberty has stood in New York Harbor as a beacon to individuals from around the world seeking the freedom to live their lives as they choose. On the pedestal of the statue is a plaque with the sonnet “The New Colossus”: Not like the brazen...
Those who benefit from government coercion seldom like it when the gun is turned around and pointed at them. They have no hesitation to demand that government use compulsion for their benefit, but complain when compulsion is directed at them. As an example,...
In 1839, John O’Sullivan, editor of The United States Magazine and Democratic Review, wrote a piece titled “The Great Nation of Futurity” in which he argued that the United States had a divine destiny to occupy the American continent from the Atlantic to the Pacific....
Every day, millions of Americans dispense advice to friends, relatives, and complete strangers through blogs, websites, and a variety of online publications. And each time they do so, many of these Americans could be risking substantial fines and perhaps even...
There was a time when business owners competed on the basis of their products or services. They would try to be more innovative than competitors. They would develop new products, offer better service, or charge lower prices in order to win market share. Today, it...
In 2009, I delivered a talk to the Houston Property Rights Association. I had previously spoken to that group in 1993 during the debate over Houston’s last attempt to implement zoning. In my earlier talk, I cautioned that we might win the referendum on zoning, but...
One of the primary justifications for zoning is to prevent “incompatible” land uses, such as keeping industrial facilities out of residential areas. Such “incompatible” uses are regarded as an inherent nuisance, and rather than wait for the nuisance to occur, the use...
The advocates of “natural monopolies” have a short-term mentality. They look at the way things are now, and cannot envision them being any different.
Madoff was completely selfless.
The poor have found remarkably innovative ways of helping themselves, educationally, and in some of the most destitute places on Earth have managed to nurture a large and growing industry of private schools for themselves.
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