Foundations of Liberty 
Essential
The Literature of Liberty
"The Literature of Liberty," written by Cato Institute senior fellow and Vice President Tom G. Palmer, is an overview of the major books of the classical liberal or libertarian tradition of individual rights, free markets, limited government, peace and tolerance. This bibliographic essay was originally published in The Libertarian Reader, edited by David Boaz (New York: The Free Press, 1998), pp. 415-453.
Economics in One Lesson
By Henry Hazlitt: "This primer on economic principles brilliantly analyzes the seen and unseen consequences of political and economic actions. In the words of F.A. Hayek, there is "no other modern book from which the intelligent layman can learn so much about the basic truths of economics in so short a time."
The Market Economy and the Distribution of Wealth
By Ludwig M. Lachmann: "Everywhere today in the free world we find the opponents of the market economy at a loss for plausible arguments. Of late the “case for central planning” has shed much of its erstwhile luster. We have had too much experience of it. The facts of the last forty years are too eloquent."
Twenty Myths About Markets
Tom Palmer subjects popular fallacies about the market system to the critical scrutiny of economics and ethics.
The Constitution of the United States of America
As the supreme law of the land, the American Constitution acts to limit the role of government to the defense of our rights against foreign and domestic threat.
The Declaration of Independence
As one of America's founding documents, the Declaration is one of the most influential pieces of libertarian thought ever written
On Property and Government
By John Locke: "Though the earth, and all inferior creatures, be common to all men, yet every man has a property in his own person: this no body has any right to but himself."
An Arrow Against All Tyrants
By Richard Overton: "To every individual in nature is given an individual property by nature not to be invaded or usurped by any."
Declaration of the National Anti-Slavery Convention
By William Lloyd Garrison: "Every man has a right to his own body—to the products of his own labor—to the protection of law—and to the common advantages of society."
On Liberty
By John Stuart Mill. "The sole end for which mankind are warranted, individually or collectively, in interfering with the liberty of action of any of their number, is self-protection."
Defending Civil Society
By Edward Crane: "Ladies and gentlemen, we've got to stand up to the statists in both parties. America should be leading the worldwide market-liberal revolution, not pulling in the other direction."
Economic Freedom and Peace
"Since before the time of Thucydides, states have used wealth to acquire more territory and to dominate the affairs of their neighbors. Understanding the reasons that the powerful countries of today are less prone to dispute than their predecessors is critical to maintaining the peace and to extending its benefits more broadly."
Strangulation by Regulation
By Peter Van Doren: "Why are America's markets so heavily regulated? Regulation usually rides in the Trojan horse of "market failure"-the perception that a particular market does not (or will not) operate efficiently without government intervention. Yet regulation persists in spite of evidence that it does not enhance efficiency. Why?"
Areopagitica
By John Milton: "Milton’s famous defense of freedom of speech. It was a protest against Parliament’s ordinance to further restrict the freedom of print. Milton issued his oration in an unlicensed form and courageously put his own name, but not that of his printer, on the cover."
A New Approach to US Foreign Policy
By Christopher Preble: "The expansion of state power has occurred in almost every crisis, and at the expense of individual liberty. In short, war is a kind of petri dish for the germ of expanding state power."
Freedom and the Law
By Bruno Leoni: "The greatest obstacle to rule of law in our time, contends the author of this thought-provoking work, is the problem of overlegislation. In modern democratic societies, legislative bodies are increasingly usurping functions that were and should be exercised by individuals or groups rather than government."
Associations in Civil Life
By Alexis de Tocqueville. "Thus the most democratic country on the face of the earth is that in which men have, in our time, carried to the highest perfection the art of pursuing in common the object of their common desires and have applied this new science to the greatest number of purposes."
What Sort of Despotism Democratic Nations Have To Fear
By Alexis de Tocqueville. "It would seem that if despotism were to be established among the democratic nations of our days, it might assume a different character; it would be more extensive and more mild; it would degrade men without tormenting them."
The Federalist No. 10
By James Madison. "Among the numerous advantages promised by a well constructed Union, none deserves to be more accurately developed than its tendency to break and control the violence of faction."
The Freedom Philosophy
This anthology includes 14 essays on the political, economic, and moral foundations of a free society. These classic writings by Leonard E. Read, Frank Chodorov, Benjamin Rogge, F. A. Harper, among others, demonstrate the superiority of individual choice and capitalism over any forms of collectivism.
The Purpose and Limits of Government
"With the aid of experience, this essay will examine the theory behind the Declaration’s universal insights. Its focus will be on the moral order the Declaration sketches and the place of government within that order."
The Liberty of Ancients Compared with that of Moderns
By Benjamin Constant: "The danger of modern liberty is that, absorbed in the enjoyment of our private independence, and in the pursuit of our particular interests, we should surrender our right to share in political power too easily."
Entrepreneurs Are the Heroes of the World
By Johan Norberg: "The amazing fact is that entrepreneurs and innovators and businesses have turned luxuries that not even kings could afford into low-priced everyday items at your local store. That is the best defense of capitalism."
The Sphere and Duties of Government
By Wilhelm von Humboldt: "Humboldt explores the role that liberty plays in individual development, discusses criteria for permitting the state to limit individual actions, and suggests ways of confining the state to its proper bounds."
Vices Are Not Crimes
By Lysander Spooner: "Vices are simply the errors which a man makes in his search after his own happiness. Unlike crimes, they imply no malice toward others, and no interference with their persons or property."
The Use of Knowledge in Society
By Friedrich August von Hayek: "One of Hayek’s most important contributions to economic theory is his demonstration of the part prices play in disseminating widely diffused knowledge about consumer demand and the availability of economic resources in order to make rational economic calculation possible."
The Ayn Rand Lexicon: Objectivism from A to Z
"This mini-encyclopedia of Objectivism is compiled from Ayn Rand's own statements on some 400 topics in philosophy, economics, psychology, and history." Now available online.
Recommended
Mississippi Drug War Blues—the Case of Cory Maye
The latest Drew Carey Project video for reason.tv tells "a story about the intersection of race, the war on drugs, the disturbing increase in the militarization of police tactics, and systemic flaws in the criminal justice system. It is a tragedy in which one man is dead and another may spend his life in prison without possibility of parole."
Fairness, Idealism and Other Atrocities
By P.J. O'Rourke: "Well, here you are at your college graduation. And I know what you're thinking: 'Gimme the sheepskin and get me outta here!' But not so fast. First you have to listen to a commencement speech."
Deborah Jeane Palfrey, Hounded to Death
By David Boaz: "Faced with the prospect of years in prison, Deborah Jeane Palfrey, known as the “D.C. Madam,” committed suicide on Thursday. Her pursuers and prosecutors should be ashamed of themselves."
Battle Over Eminent Domain Is Another Civil Rights Issue
By David T. Beito and Ilya Somin: "Few policies have done more to destroy community and opportunity for minorities than eminent domain. Some 3 to 4 million Americans, most of them ethnic minorities, have been forcibly displaced from their homes as a result of urban renewal takings since World War II."
An Elephant Never Forgets?
By Tim Lee: "Transparency is an important tool for limited government. Senior administration officials are more likely to behave themselves if they know their correspondence is subject to subpoena and will be available for the scrutiny of future historians. It’s therefore troubling that for most of the last 8 years, the Bush administration has failed to have an automated system in place for complying with the law as his predecessor did."
America on drugs
"In the Los Angeles Times, Jacob Sullum debates Cully Stimson about drug policy in a back-and-forth argument that's wraps up today."
Milton Friedman Prize Selection Committee Member Arrested
The Ugandan government has arrested Andrew Mwenda, a member of the 2008 International Selection Committee for the Milton Friedman Prize for Advancing Liberty, along with his fellow journalists Odobo Bichachi and John Njoroge. Andrew Mwenda is a brave journalist who tells it like he sees it. He is well known for standing up for the rights of others; his involvement in the Milton Friedman Prize is only one element of his long commitment to human rights.
Venezuelan Student Movement Leader Awarded $500,000 Milton Friedman Liberty Prize
Yon Goicoechea, leader of the pro-democracy student movement in Venezuela, has been awarded the 2008 Milton Friedman Prize for Advancing Liberty. Under Goicoechea's leadership, the student movement organized mass opposition to the erosion of human and civil rights in Venezuela and played the key role in defeating Hugo Chávez's bid for a constitutional reform that would have turned the country into a dictatorship.
Employers Must Pull the Trigger
By Robert A. Levy: "The owner of the property should be able to determine — for good reasons, bad reasons, or no reason at all — whether to admit gun owners, non-gun owners, neither or both. Customers, employees and guests who object may go elsewhere. That's the controlling principle."
The Dance, Dance Revolution Will Be Televised After All
By Julian Sanchez: "The plan had been to celebrate the birth of the author of the Declaration of Independence by congregating, flashmob style, for ten minutes of quiet iPod-fueled dancing, then repair to a pub nearby. Instead, park police brought the party to an abrupt halt, arresting 28-year-old Brooke Oberwetter and leading her away in handcuffs, while chasing the rest of the group off."
The Biofuel Brew Ha-Ha
By Peter Suderman: Reason contributor Peter Suderman writes that the biofuels craze is boosting the price of beer, because farmers are shifting away from barley to biofuel crops made more lucrative by mandates and subsidies.
Inequality and Excess
By Arnold Kling: "What the American people really should feel awkward and defensive about is the level of inequality and excess of political power. Instead of asking ourselves what we can do about Warren Buffett or Bill Gates, we should be asking ourselves about what we can do about the Clintons and the Spitzers. Those who want more and more power should be our biggest concern."
Coyne on Exporting Democracy after War
"Christopher Coyne of West Virginia University and George Mason University's Mercatus Center talks with EconTalk host Russ Roberts about his book, After War: The Political Economy of Exporting Democracy. They talk about the successes and failures of America's attempts to export democracy after a war."
Real ID Act Has Been a Real Fiasco
"The big trouble is that there’s no evidence that this Draconian act, even if fully implemented, would be more than a minor inconvenience for a determined terrorist. But having all that information – including copies of birth certificates and Social Security cards – available in one database would make an irresistible target for identity thieves. And it would be a major inconvenience for millions of innocent Americans and a major expense for state governments – meaning taxpayers."
Don't 'Pull an Iraq' in Afghanistan
By Benjamin H. Friedman: "This week at a NATO summit in Bucharest, Romainia, American officials asked Europeans to send more troops to the war in Afghanistan. Leaders in both the Democratic and Republican Parties agree that higher troop levels and a deeper commitment to state-building are the path to victory in Afghanistan. But both sides are wrong, and Iraq shows why."
Is Taxation Voluntary?
"Jan Helfeld interviews Senator Harry Reid about government coercion. Reid maintains that taxation is voluntary despite all evidence to the contrary."
Immigration: The Beckham Factor
"As soccer superstar David Beckham kicks off the Los Angeles Galaxy's 2008 season, Drew Carey asks what this says about immigration in the U.S. in a new reason.tv video."
The Long Fall of Robert G. Mugabe
By Marian L. Tupy: "Mugabe is in this position primarily because he has turned Zimbabwe into one of the world's poorest countries--the result of his worsening political repression, frontal attack on the independence of the judiciary, confiscation of property, and evisceration of the once-thriving private sector. With health, education, and incomes in freefall, Zimbabweans are ready for change."
FISA Funny Business
By Julian Sanchez: " The terrorist attack had been as devastating as it was unexpected. Convinced that better intelligence was the key to preventing fresh attacks, the president resolved to seek legislation granting the executive branch broad new wiretapping powers. But he had a problem: The opposition party, which controlled Congress, was equally determined to block provisions that they saw as an affront to privacy."
Bridges Over Troubled Water
By Christopher Preble and Jeremy Lott: "War costs money too. Round the bill for the bridges to nowhere that so incensed McCain up to $500 million. Our occupation of Iraq, which often seems to be getting nowhere, is costing north of $10 billion a month. That sum could finance the construction of 40 superfluous bridges this month and 480 bridges in a year."
Is Health Care a Right?
In this podcast economics Professor Russell Roberts of George Mason University debates a physician who thinks health care is a right and the government should provide it.
Armed for Liberty
By Alan Gura and Robert A. Levy: "Imagine a right — intended, in part, as a deterrent to oppressive government — that can be exercised only when, where, and in the manner that government directs. "
Wiretapping's True Danger
By Julian Sanchez: "Without meaningful oversight, presidents and intelligence agencies can -- and repeatedly have -- abused their surveillance authority to spy on political enemies and dissenters."
Who Says the Surge Is Working?
By Terry Michael: "When it comes Iraq, neoconservative true believers have been allowed to set the bar of "success" below ground level. In this, they're aided by media siding with power instead of challenging it, all while congressional Democrats cower in their cloak rooms."
Peace Won't Come to Zimbabwe
By Marian L. Tupy and David Coltart: "The case against Mr. Mugabe and the ZANU-PF for crimes against humanity would be compelling. They have turned one of Africa's most prosperous and relatively free nations into an Orwellian nightmare. Since 1994, the average life expectancy in Zimbabwe has fallen to 34 from 57 for women and to 37 from 54 for men. Some 3,500 Zimbabweans die every week from the combined effects of HIV/AIDS, poverty and malnutrition."
The D.C. Gun Ban Supreme Court Case
Tom Palmer, a senior fellow at the Cato Institute, talks about the DC gun ban on Reporter's Roundtable.
If I Were a Shill For Industry ...
By Donald J. Boudreaux: "A blogger recently complained that I (along with my fellow bloggers from George Mason University's Department of Economics) "seem to be shills for industry." This lazy accusation is as familiar as it is mistaken, for if I were truly a shill for industry ..."
Spitzer's Hypocrisy: Worse Than You Think
By Paul Karl Lukacs: "Libertarians are understandably of two minds about L’Affaire Spitzer. On the one hand, a dedicated public servant will probably lose his job, and may be indicted, due to consensual liaisons and payments that should be a private matter completely outside the ambit of Justice Department wiretaps. On the other hand, Spitzer’s been hoisted by the moralistic petard that he can regulate any and all sexual behavior with which he disagrees, wherever it occurs. As Barabash said Monday, 'It couldn’t have happened to a nicer guy.'"
The Five Dumbest Product Bans
By Eli Lehrer: "Even as the array of consumer products available to the average American expands each day, a bewildering variety of government regulations serve to limit consumer choice. From the aircraft on which Americans fly to the food they buy in the grocery store, government regulation limits product choice at every turn."
The Wire's War on the Drug War
By Ed Burns, Dennis Lehane, George Pelecanos, Richard Price, David Simon: "If asked to serve on a jury deliberating a violation of state or federal drug laws, we will vote to acquit, regardless of the evidence presented. Save for a prosecution in which acts of violence or intended violence are alleged, we will — to borrow Justice Harry Blackmun's manifesto against the death penalty — no longer tinker with the machinery of the drug war. No longer can we collaborate with a government that uses nonviolent drug offenses to fill prisons with its poorest, most damaged and most desperate citizens."
McCain's Consistent Folly on Iraq
By Steve Chapman: "If so, that may not be a plus for McCain. McCain has been consistent about Iraq, in the sense of being consistently wrong. If the American people get a long look at what he's said and a clear picture of our fortunes in Iraq, he may yearn for the days when he was being pilloried for offering "amnesty" to illegal immigrants."
Health, Africa’s struggle
By Thompson Ayodele: "Foreign aid in the form of hard currency is flowing in unprecedented quantities into the ministries of health of many African countries.
"But despite this generosity things are not improving: medical staff are demoralised, access to essential medicines remains low and corruption remains a serious problem."
Learning the Right Lessons From Iraq
By Benjamin H. Friedman and Christopher Preble: "By insisting that there was a right way to remake Iraq, we ignore the limits on our power that the enterprise has exposed and risk repeating our mistake. Deposing Saddam Hussein was relatively simple, but creating a new state to rule Iraq was beyond our grasp. Maybe the United States can improve its ability to manage occupations, but the principal lesson Iraq teaches is to avoid them."
(D) All of the Above
By Daniel Ikenson: "As an advocate of free trade, I feel slightly vindicated by reports that the Obama campaign quietly assured the Canadian government that the Senator’s strident words about NAFTA in last week’s debate were merely political rhetoric. We’ve long been saying that opposition to trade is mostly an artifice of politics. But the story begs the question: Is Obama (a) economically illiterate; (b) dishonest, or; (c) naïve. The answer is (d), all of the above."
Ohio Needs More Foreign Trade
By Daniel T. Griswold: "But tinkering with a 14-year-old trade agreement [NAFTA] will not bring an industrial renaissance to Youngstown and other Rust Belt cites. The relative decline of those regions dates back to the 1960s and 1970s, when the American economy began a transition from heavy industry toward an information-based service economy."
Gun Buybacks a Noble Idea That Always Misfires
By Alex Tabarrok: "Did no one running the program think to look at the price of a new gun? In fact, the first two people in line at one of the three buyback locations were gun dealers with 60 firearms packed in the trunk of their car. One wonders why the police even bothered to buy the guns from Oakland residents. Why not buy directly from gun manufacturers?"
Orders and Organizations
By Don Boudreaux: "More generally, it seems difficult for some people to grasp the fact that society and government are not identical -- or, more precisely, to grasp the fact that civil society can and does often thrive outside of government influence and, indeed, very often (I would say most often) in spite of such influence."
Atlas Hugged
Brian Doherty: "As executive vice president of the Cato Institute, Boaz is one of the media's primary go-to guys on libertarian thought and policy. And in his new book, "The Politics of Freedom," a collection of his short-form journalism from the past 25 years, Boaz pushes an interesting and counterintuitive belief about American politics. The political spectrum, he argues, contains a lot more libertarians than the two major party's stances would lead you to believe."
Limits on Eavesdropping Need to Stay
By Timothy B. Lee and Gene Healy: "Modern computer technology makes the potential for the abuse of unfettered executive power much greater today. Judicial oversight is at least as important in the 21st century as it was in the 20th, and Congress should resist Bush's demand for unchecked spying powers."
NATO's West Bank Nightmare
By Ted Galen Carpenter: "Washington is sending up a trial balloon about stationing NATO troops as peacekeepers on the West Bank. The Jerusalem Post reports that former NATO supreme commander General James Jones, now the Bush administration's special envoy to the Middle East, is floating the idea to various European countries.
"It is a spectacularly bad idea."
No, a President Can't Do as He Pleases
By Edward H. Crane and Robert A. Levy: "For many years, we were at risk of losing important civil liberties through unchecked transgressions by the executive branch. Maybe we are still at risk. But thanks to the media, the courts and — belatedly — an energized opposition in Congress, the administration has finally resigned itself to a semblance of congressional oversight, even if judicial scrutiny remains inadequate."
Sanctimony's Turn at Bat
By Colman McCarthy: "I see steroids, and all drugs, as an issue of personal freedom. Is there a difference between fans at big-league baseball games stoned on alcohol while cheering athletes on the base paths juiced with steroids? What's the difference between scoring with Viagra and scoring with steroids? What's the difference between people freely abusing their bodies with one drug but not another, as long as no one else is harmed and the consequences are self-sustained?"
Freedom Properly Understood
By Tom G. Palmer: "Let us hold up a standard of freedom, expressed in clear and precise terms, not modified by misleading adjectives, and promote that standard to the public, in the knowledge that with freedom – because of freedom – we enjoy prosperity, peace, dignity, knowledge, health, and so many other benefits. But as we enjoy the blessings of freedom, let us not confuse those blessings with freedom itself, for on that path we are led to lose both freedom and its blessings."
The Fear Factory
By Guy Lawson: "The FBI now has more than 100 task forces devoted exclusively to fighting terrorism. But is the government manufacturing ghosts?"
Living Large: America's Middle Class
"To hear the Lou Dobbses and Bill O'Reillys of the world--not to mention politicians ranging from Ron Paul to Hillary Clinton--the middle class of America (however you define that term) has never had it so tough. Between credit squeezes, out-of-control immigration, rising costs of education and health care and everything else, it's all darkness out there for those of us who are neither millionaires nor welfare cases, right?
In 'Living Large,' Drew Carey and reason.tv examine the plight of the American middle class. What do they find? "
The AtomicTerrorist: Assessing the Likelyhood
By John Mueller: "A terrorist atomic bomb is commonly held to be the single most serious threat to the national security of the United States. Assessed in appropriate context, that could actually be seen to be a rather cheering conclusion because the likelihood that a terrorist group will come up with an atomic bomb seems to be vanishingly small. Moreover, the degree to which al-Qaeda--the chief demon group and one of the few terrorist groups to see value in striking the United States--has sought, or is capable of, obtaining such a weapon seems to have been substantially exaggerated."
Government, Bound or Unbound?
By Anthony de Jasay: "Collective choice starts where unanimity ends, and involves some deciding for all, where the “some” control the apparatus of government. It is the potential for some to benefit morally and materially at the expense of others that creates the bone of contention and that limits on government are meant to move out of reach."
The Surveillance Scam
By Timothy B. Lee: "In his State of the Union address, President Bush pressed Congress to quickly pass legislation to make permanent the sweeping spying powers that Congress granted last August. Those powers, which include the ability to eavesdrop on foreign-to-domestic communications without meaningful judicial oversight, were due to expire last week. Congress has passed a two-week extension of the law, but that barely gives Congress time to catch its breath before the White House resumes its campaign to make it permanent."
Atlas Shrugged and Public Choice: The Obvious Parallels
By Bryan Caplan: "Though there is little evidence of mutual influence, Ayn Rand and public choice converge on a strikingly similar vision of the political process. Both emphasize the contradiction between the propaganda of government intervention and the reality. Government supposedly intervenes to advance the interests of the majority. In reality, however, its goal to advance the interests of political insiders at the expense of everyone else."
The Economics of Tolerance
With Will Wilkinson: "When the economy's good, Americans tend to act better toward their fellow citizens. But commentator Will Wilkinson says in a sliding economy, we tend to slam the gates of opportunity."
Super Tuesday Winners and Losers
Michael D. Tanner: "A few thoughts in the wake of last nights elections:"
The Whys of Spies
By Jacob Sullum: "Last August, panicked at the prospect of an imminent terrorist attack that could be averted only by granting the executive branch new surveillance powers, Congress passed the Protect America Act. With the law scheduled to expire this month, the Bush administration is trying to scare Congress into making the powers permanent."
Is The Domestic Terror Threat ‘Overblown’?
By Benjamin H. Friedman: "Time and again, federal officials held press conferences to announce the break-up of a terrorist plot and vaguely described the disaster prevented. The evening news and the headlines repeated their lurid claims. Months later, the inside pages of the papers would report that the plot was not what we were told — and TV doesn’t even bother. The plans have turned out to be unfeasible or preliminary. "
Flex-Fuel Nonsense
By Jerry Taylor: "Congress can no more guarantee that fuel prices will go down from now until the end of time than it can guarantee a robust sex life for fat, balding, middle-aged men. Fuel prices are subject to supply and demand curves that do not answer to Congress — particularly in global energy markets."
Bush's Catalogue of Failure
By Steve Chapman: "Even the worst presidents prefer to focus on their successes and ignore their failures. The striking thing about President Bush's final State of the Union address is that even the successes he claims are largely fictional. Judged by his own criteria, the speech was a catalogue of failure in almost every realm."
U.S.-Imposed Border Bedlam Will Hurt Michigan
By Jim Harper: "Nobody imagined when Congress created the Department of Homeland Security that the department itself would mount the next attack on American transportation, travel and trade. But the department begins an assault this week that will do billions of dollars in damage if it is not stopped."
The False Promise of Real ID
By Jon Healey: "Thanks to the efforts of the federal government, it may soon be quite a bit harder to forge a driver's license. But that doesn't necessarily mean we'll be any less vulnerable to terrorist attacks, particularly not the kind carried out on Sept. 11, 2001."
Unintended Consequences
By Stephen J. Dubner and Steven D. Levitt: "But with a government that is regularly begged for relief — these days, from mortgage woes, health-care costs and tax burdens — and with every presidential hopeful making daily promises to address these woes, it might be worth encouraging the winning candidate to think twice (or even 8 or 10 times) before rushing off to do good. Because if there is any law more powerful than the ones constructed in a place like Washington, it is the law of unintended consequences."
The Foolishness of Economic 'Stimulus'
By Donald J. Boudreaux: "The best way for policymakers to foster such growth is to avoid panicking over any current economic downswing. Instead, they should focus on getting the economic fundamentals right. Such emphasis might not make things better – or even make things appear to be better – today, but it will make our tomorrows as bright as possible."
Congress Strong-Arming Baseball? That's Foul.
By Nick Gillespie and Matt Welch: "First, Major League Baseball, along with other sports leagues and private-sector ventures, simply should not be required to submit their business plans -- much less blood and urine samples -- to Congress or any other government body."
How to 'Fix' Politics? Reduce the Power of the President
By Radley Balko: "Our goal ought to be to keep as much of America as possible within the realm of civil society, and allow as little as possible to be tainted by political society. This makes elections less important. It makes politics less important. Less is at stake when we go to the polls. And less of our lives are then subject to whoever is ambitious, underhanded, or corrupt enough to emerge from the absurdities of a political campaign least scathed by the process."
Dismal Science Sees Upbeat Future
By Alexander Tabarrok: "Forget the talk of recession. The world is about to enter a new era in which miracle drugs will conquer cancer and other killer diseases and technological and scientific advances will trigger unprecedented economic growth and global prosperity."
Redefining Success in Iraq
By Christopher Preble: "The surge was certainly successful in one sense: it took sufficient steam out of the "get out now" movement to effectively halt congressional efforts to force a troop withdrawal. It also allowed Sen. McCain to resurrect his moribund campaign. "Thank God [Iraq]'s off the front pages," the leading proponent for the war told reporters on board the Straight Talk Express."
What to Expect When You’re Free Trading
By Steven E. Landsburg: "All economists know that when American jobs are outsourced, Americans as a group are net winners. What we lose through lower wages is more than offset by what we gain through lower prices. In other words, the winners can more than afford to compensate the losers. Does that mean they ought to?"
The Real Key to Development
By Mary Anastasia O'Grady: "The Index [of Economic Freedom] also reports that the freest 20% of the world's economies have twice the per capita income of those in the second quintile and five times that of the least-free 20%. In other words, freedom and prosperity are highly correlated."
An Empirical Analysis of Street-Level Prostitution
By Steven D. Levitt and Sudhir Alladi Venkatesh: "Unlike most other crimes, prostitution is based on markets, and thus potentially of special interest to economists. It is thus surprising that amidst the burgeoning literature on the economics of crime, there is little analysis of prostitution."
The Failure of U.S. Organ Procurement Policy
By T. Randolph Beard, John D. Jackson, and David L. Kaserman: "In this article, we calculate how many lives will be lost if the United States continues in its current policy course. We do this to motivate policymakers to stop implementing one ineffectual policy action after another and attack the organ shortage with more effective weaponry in the form of financial incentives."
The Micromagic of Microcredit
By Karol Boudreaux and Tyler Cowen: "If a poor family is able to keep a child in school, send someone to a clinic, or build up more secure savings, its well-being improves, if only marginally. This is a big part of the reason why poor people are demanding greater access to microcredit loans. And microcredit, unlike many charitable services, is capable of paying for itself—which explains why the private sector is increasingly involved. The future of microcredit lies in the commercial sector, not in unsustainable aid programs."
The Terrible 'Ifs'
By Benjamin H. Friedman: "We spend vast amounts on defenses against threats unlikely to affect Americans. Experts, defense officials, and politicians justify the expenditures by saying they are necessary to protect the public from worst case dangers. Those claims ignore what is probable and what defenses cost. They exaggerate the danger our enemies pose and strip resources from more probable dangers, making us less safe."
Paths to Property
By Karol Boudreaux and Paul Aligica: "The study finds that the “easy option” of agencies entering less-developed countries and using blueprints to try to recreate institutions in Africa that work effectively in the West often fails miserably. Indeed, the failures of such approaches can give the whole privatisation and property rights process, vital for sustainable economic growth, a bad name."
Drug Use and the Candidates
By Stanton Peele: "There has been massive drug and underage alcohol use by Americans over the years -- more than 110 million Americans, according to the National Survey on Drug Use and Health, have used illicit drugs. Yet the overwhelming majority of them -- like Messrs. Bush, Clinton and Obama -- have grown up to be productive citizens. Some believe there's no need to know about their youthful misconduct."
Raw Deal
By Sallie James: "Hollywood had better hope that a services liberalization deal reached Dec. 17 between the United States and the European Union holds. Without a successful resolution to the long-running Internet gambling dispute, American movies, music and software could be vulnerable to copyright infringement."
Regulatory Competition: A Primer
By Jennifer Smith-Bozek: "A given government jurisdiction—local, state, or federal—can provide regulatory alternatives to compete with those of another government. Regulatory competition can attract more businesses and jobs, yield regulations that are more efficient and less expensive, and thereby provide more options to consumers."
Laws Against Reason
By Jennifer Rosen: "Ever since the repeal of Prohibition, alcohol laws in this country have been a bit nutty. Take the business of bars. Some states mandate sitting, while others require standing at the bar to drink. Texans may take up to but not more than three sips of beer while standing. Some jurisdictions require the interior of public drinking establishments to be visible from the street; others specifically prohibit that."
Flunking Free Speech: The persistent threat to liberty on college campuses
By Michael C. Moynihan: "According to a dossier compiled by FIRE, incoming freshman were required to undergo "treatment" (the university's word) by residence hall apparatchiks, and forced "to adopt highly specific university-approved views on issues ranging from politics to race, sexuality, sociology, moral philosophy, and environmentalism." These young scholar-scamps in Wilmington are told solemnly that they are, according to the precepts of the university, carriers of racist original sin: '[A] racist is one who is both privileged and socialized on the basis of race by a white supremacist (racist) system. The term applies to all white people (i.e., people of European descent) living in the United States, regardless of class, gender, religion, culture or sexuality.'"
What to Be Thankful For
By David Boaz: "Not long ago a journalist asked me what freedoms we take for granted in America. Now, I spend most of my time sounding the alarm about the freedoms we're losing. But this was a good opportunity to step back and consider how America is different from much of world history -- and why immigrants still flock here."
New Handshake, Same Grip
By David Nather: "For the past seven years, George W. Bush has expanded presidential power in ways that no one could have predicted when he took office. He and Vice President Dick Cheney have worn their independence — from oversight by either lawmakers or judges — as a badge of honor, necessary to keep the nation safe from another terrorist attack and restore what they have regarded as a weakened presidency. But the cost has been a poisonous friction with Congress and a growing public perception that they simply weren’t interested in checks and balances."
Guests in the Machine
By Kerry Howley: "Guest worker programs may be the best hope many of the world's poorest people have for improving their lives."
Iraqi Allies Deserve Better than Red Tape
By Malou Innocent: "Many Iraqis, desperate to earn decent wages and bring stability to their country, support American forces by working as Arabic interpreters. "Terps" are paid a modest sum, and they enable soldiers to communicate with Iraqi civilians and track down insurgents. But working with the Americans can come at a high cost."
Government Power Grabs: 'Predicting' 2008
By Radley Balko: "As the end of the year approaches, it's time for another column of government overreach predictions for the New Year. What outrageous, beyond-parody grabs at power and erosions of civil liberties will transpire in 2008?"
Restoring Habeas
By Julian Sanchez: "No American would accept the proposition that one of our citizens, having been cleared of wrongdoing by American courts, could be abducted by a foreign power and imprisoned for years, only to have his fate determined by a kangaroo court that flouted the most elementary procedural rights. The Supreme Court should not accept it from our government either."
Politically Determined Entertainment Ratings and How to Avoid Them
By Cord Blomquist and Eli Lehrer: In this new report, published by the Competitive Enterprise Institute, the authors "determine that the best rating systems have three attributes: They attempt to describe, rather than prescribe, what entertainment media should contain; they are particularly suited to their particular media forms; and they were created with little or no direct input from government."
Sweet Land of Liberty?
By Donald J. Boudreaux: "In this sweet land of liberty it is surprising how readily we modern Americans let others rule us. I'm not talking about Americans letting some foreign government rule us. That won't happen anytime soon. There's no risk that, say, we will quietly surrender to an invading army sent from the likes of Moscow or Beijing. I'm talking about being ruled by homegrown politicians and petty tyrants who butt their noses into the sizes of our toilets, the amount of salt we consume and countless other provinces of our daily lives."
Cato Launches Innovative Web-based Freedom Programs for World Audience
"The Cato Institute believes that the promotion of the classical liberal ideals of liberty, free markets and peace is an essential effort. As a result, on December 12, Cato launched six innovative foreign-language web-based programs. These new programs will publish in Chinese, Portuguese, French, Persian, Kurdish, and on the continent of Africa in English and Swahili. They join our other three highly-successful programs in Spanish, Arabic and Russian."
Clinton and Giuliani Would Grab Even More Power Than Bush Did
By David Boaz: "Clinton calls herself a 'government junkie.' She says, 'There is no such thing as other people's children' and promises to work on 'redefining who we are as human beings in the post-modern age.'"
Mugabe's Apologists
By Marian Tupy: "Robert Mugabe's participation in the European Union-Africa summit in Lisbon over the weekend was a triumph of Zimbabwean diplomacy. Both African and EU leaders must share the blame for this farce. Zimbabwe's foreign ministry managed to portray the octogenarian dictator, who has presided over widespread violations of human rights and an astonishing economic collapse, as the victim of a Western conspiracy."
Free to Booze
With Brandon Arnold: "Cheers! Today is the 74th anniversary of the repeal of Prohibition. On December 5, 1933, Utah became the 36th state to ratify the 21st Amendment, thereby repealing the 18th Amendment and ending our 13 years as a dry nation."
Munger on Fair Trade and Free Trade
"Mike Munger, frequent guest and longtime Econlib contributor, speaks with EconTalk host Russ Roberts about fair trade coffee and free trade agreements. Does the premium for fair trade coffee end up in the hands of the grower? What economic forces might stop that from happening?"