Is deficit spending "a potent recession cure when administered properly"? A newspaper business writer made this assertion in an article entitled "The Budget Deficit Faced by Many States." But is it true, that it's a good thing when governments spend more than they...
Instead of straightening out its business problems, AOL has decided to spend its time and effort filing lawsuits against tough competitors – a petty, distracting pursuit that won’t help AOL or, for that matter, the U.S. economy, which depends on firms like Microsoft for the innovation necessary to bring about a technology revival.
For over four years, CMDC and its supporters have been outspoken advocates against antitrust and the current antitrust case against Microsoft. Before us today is the last chance to tell the government regulators that Microsoft should be lauded, instead of punished for...
Other than being rich and famous, what do David Rockefeller, Ted Turner, Sam Donaldson and Scottie Pippen have in common? They all feed at the public trough. More precisely, they collect subsidies from the federal farm program, as do at least 14 members of Congress....
How badly flawed are the concepts of freedom of entry, monopoly, and competition that underlie the theory and practice of antitrust.
To know what economics is, we must first know what an economy is. Perhaps most of us think of an economy as a system for the production and distribution of the goods and services we use in everyday life. That is true as far as it goes, but it does not go far enough....
Reporting their findings in the February 2001 Applied Economics Letters -- a British professional journal -- Professors Franklin G. Mixon Jr. and Kamal P. Upadhyaya rank economics departments in the U.S. South. The rankings are based upon faculty research...
The settlement of the Microsoft anti-trust case got interesting this week -- and developments revealed the laughably absurd nature of much of the suit against the company. Reports in the Wall Street Journal and the Los Angeles Times and elsewhere revealed that Mister...
National emergencies are notorious for giving free reign to bad economics. In the panic of a crisis, people grasp desperately for solutions. And thanks to generations of bad economics education, they are offered a wide range of economic errors to grasp at. The most...
Even the Department of Energy's study found that price caps -- which, let's not forget, are what got California into this mess in the first place -- won't improve the energy situation. In fact, they'll likely make it worse. The study concluded that a $150 "hard cap"...
Among the suggestions being made for getting the American economy moving up again is a reduction in the capital gains tax. But any such suggestion makes people on the left go ballistic. It is "trickle down" economics, they cry. Liberals claim that those who favor tax...
First the good news: The new administration's officials in the Department of Justice have decided not to murder the Microsoft Corporation and carve up its corpse. Now the bad news: They have chosen the more humane option of slow torture. The Justice Department's new...
To know what economics is, we must first know what an economy is. Perhaps most of us think of an economy as a system for the production and distribution of the goods and services we use in everyday life. That is true as far as it goes, but it does not go far enough....
Fraud is so inherent to the operation of the U.S. Department of Housing and Urban Development that "HUD Scandal" might as well be one word. The latest hudscandal involves a feel-good program (what else?) for cops and teachers. Since 1997, police officers have been...
The obvious makes headlines in California. Maybe this shows that a sense of reality or common sense is not something that can be taken for granted among Californians. A recent headline stretching across the top of the front page announced that "Population dwarfs...
Beside Bill Gates, what does Microsoft have that contributes to their success? The authors spent a couple of years trying to find out. Their conclusions: seven complementary strategies and a small set of basic principals of operation. First, find smart people who know...
Q: Should a free country trade with people who live under a dictatorship (e.g. China, Cuba)? And, if not, should the government of the free country restrict such trade with dictatorships? A: If you enjoy living in a free country, then you benefit from that freedom...
The attacks against deregulation of the California power industry by the enemies of capitalism are attacks against a straw man. Deregulation means that government removes onerous regulations that violate the rights of producers and consumers to trade freely (markets...
Dr. Thomas Sowell has just released his latest treasure -- it's title is "Basic Economics." Reading through the book reminded me of a 30-plus-year-old conversation I had with Professor Armen Alchian, one of my tenacious mentors during my graduate training at UCLA....
It was only a passing news item when the financial information service Standard & Poor's lowered the rating it gave to bonds issued by the state of California. But it has big implications and it also shows the big difference between economics and politics. At the...
If Bush administration officials think they have their hands full shepherding the president's tax-cut package through a closely divided Congress, wait until they turn their full attention to reviving a moribund U.S. trade policy. As U.S. Trade Representative Robert...
Leaders of 34 American countries are meeting this weekend in Quebec City at the Summit of the Americas to discuss the establishment of a free trade zone extending from Canada to Chile. A Free Trade Area of the Americas (FTAA) is a top priority of the Bush...
The last time so many people were as bedeviled as the people of California are today by electrical blackouts was back in 1979, when motorists in cities across the country were lined up for hours at filling stations, waiting to get gas. Both shortages had the same...
The antitrust laws are thus a palpably unjust legal doctrine, and respect for individual rights demands that the District Court’s judgment against Microsoft be reversed and the antitrust laws held invalid and unconstitutional.
Read by students, professors, and citizens, Capitalism Magazine provides over 9,000 free to read articles and essays from pro-reason, individual rights perspective.
No spam. Unsubscribe anytime.