Mar 13
Most Americans believe–quite correctly–that the U.S. government is spending recklessly and that its central bank, the Federal Reserve, is printing currency recklessly to prop up U.S. government finances. However, almost all of the other governments of the world are doing the same thing–and most of them are printing money even faster than the U.S. Federal …
Mar 13
All trusters of centrally-planned economies dream the same dream: a utopia of enterprises–owned by the collective–which operate according to principles of sharing instead of profits. Socialist takeovers of oil, mining and industrial firms have occurred many times. And each time the results are the same: poverty, corruption and violence. Socialists worldwide cheered the revolution of …
Feb 27
In the wake of yesterday’s powergrab of the internet by the Federal Communications Commission (FCC), we should all refamiliarize ourselves with the way innovation in telecommunications was arrested by FCC control over telephone companies. For decades, the telephone industry has been under FCC regulation. And for much of the 20th Century, Bell Telephone enjoyed something …
Feb 26
For several years, trusters of expansive intrusive government have sought to impose what they call “net neutrality”–a government regulatory structure–upon the internet. Ridiculously, some of them claim they are trying to “free” the internet and keep it “open.” Who exactly is threatening to enslave or close the internet? Why, the private sector; or capitalism; or …
Feb 24
If you save anything in modern America, you are an absolute fool. For years, the Federal Reserve Bank has set interest rates well below “natural” levels. (In a free lending market, private banks would tend to charge substantially more interest per dollar lent, and savers could expect substantially higher rates of return for keeping their …
Feb 16
What would happen if Americans got rid of government meat inspection? Would American consumers be then poisoned by tainted, rancid, rotten or adulterated meat on supermarket shelves? An episode from 2004 answers this question. Since the early 1900s, federal law has required that all meatpacking companies that ship meat interstate be inspected by federal inspectors. …
