MARKETS

FCC Threats and the Fog of War

The Government Cannot Be the Arbiter of Truth.

Antitrust Against Justice

Antitrust Against Justice

The suit against Microsoft by the U.S. Department of Justice is, in fact, a grave act of in justice. To understand this, it is necessary to look at the background and legal context of this case. America’ antitrust laws are highly ambiguous. They create offenses...

The U.S. Government’s Assault on Microsoft

The U.S. Government’s Assault on Microsoft

The U.S. Department of Justice (DOJ) recently accused Microsoft of violating U.S. antitrust laws, and asked a federal court to fine Microsoft an unprecedented 1$ million per day until the “violations” cease. Microsoft’s “crime” was to...

Economics of Unionism

The Teamsters’ strike, and its pending settlement, against United Parcel Service (UPS) gives us a chance to think about unions and labor issues. In a free society, people have the right to form voluntary associations. Therefore, any impediment, including...

Economics 101

Many people think economics is about businesses and financial institutions but economics is much broader than that. Economic theory makes a valuable contribution whenever there are costs and benefits of any human action. Take dating. Suppose you see a fat, old, ugly,...

Only A Gold Dollar Will End Deficits

Only A Gold Dollar Will End Deficits

The United States government has had a budget deficit in almost every year since 1933. Repeated pledges to end the deficits have come to nothing. The latest pledge, President Clinton’s plan to eliminate the deficit by the year 2002, is only one more such empty...

“Buy American” Is Un-American

“Buy American” Is Un-American

Government interference with free trade is un-American. Sacrificing one’s standard of living in order to subsidize inefficient domestic producers is un-American. The tribal fear of foreigners is un-American. Resentment at others’ success is un-American. A patriotic American acts as a capitalist and an individualist: he buys the best, wherever it may be found.

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