Legal Gimmickry Rescues Obamacare

Despite the celebrations among Democrats, yesterday a majority of Supreme Court justices ruled that the Constitution does not allow the government to force Americans to buy health insurance. However in providing the swing vote to uphold the Affordable Care Act (aka...

Education and the Poor

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.

Can a Business Be “Happy”?

A friend once gave me a T-shirt with “Happiness Is Positive Cash Flow” printed in the front. While I agree that positive cash flow is one of the necessary conditions of happiness in a civilized society, it is not in itself sufficient. What is happiness? It is a...

Roads in a Free Society

Even among advocates of capitalism, there are many misconceptions about how roads might operate in a free society. One of the most common of these misconceptions is the belief that if all roads were private property, a road owner might charge outrageous rates or close...

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