Fettered Markets

In his remarks on Wall Street Reform Thursday, April 22, 2010 at Cooper Union in New York City, President Obama said this: I’m going to quote: “Through the great banking houses of Manhattan last week ran wild-eyed alarm. Big bankers stared at one another...

Suiting Up for a Post Dollar World

The global financial crisis is playing out like a slow-moving, highly predicable stage play. In the current scene, Western governments are caught between the demands of entitled welfare beneficiaries and the anxiety of bondholders who fear they will be stuck with...

BP Oil Spill: Private Property is the Solution

For this article, let me be brief about the following facts, which are oil and water under the bridge. BP’s off-shore oil leases, like all off-shore oil leases, are leases to use federal property. (Hat tip to this article in The Freeman.) The land and water are...

Why There Should Be No Mosques at Ground Zero

Now that it has been revealed that not one, but two mosques are planned for the area around Ground Zero, the supremacist and triumphalist character of this effort is clearer than ever. Is the Muslim population of lower Manhattan so huge that one projected...

A Free Market in Water

Houston–where I live–has been under a severe drought. This year, we have received about one-third of our normal rainfall. In response, the city has enacted water rationing and citizens will be fined if they violate the restrictions. At the same time, the city reports...

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