Freeman

November 2005

Volume 55, 2005

FEATURES

Another National Disaster in the Making: Government Reconstruction of New Orleans

Private Investment Brings Superior Results

NOVEMBER 01, 2005 by RICHARD EBELING

Hurricane Katrina destroyed much of New Orleans at the end of August. What followed was a further disaster in the form of government incompetence and confusion at the local, state, and federal levels. Rarely have we seen a better instance of what Austrian economist Ludwig von Mises once rightly called "planned chaos."

One Size Fits Some

Should Passengers Be Allowed to Use Cell Phones on Airliners?

NOVEMBER 01, 2005 by SHELDON RICHMAN

Warriors and Merchants

What This Historic Division Reveals about the Social Order We Inhabit

NOVEMBER 01, 2005 by STEPHEN DAVIES

Kelo v. City of New London: Do We Need Eminent Domain for Economic Growth?

Kelo Is Bad Constitutional Law and Bad Public Policy

NOVEMBER 01, 2005 by GEORGE C. LEEF

The Supreme Court continues to give politicians free rein to trample the rights of individuals except in cases where the justices think that the rights are fundamental. Property rights are not regarded as fundamental, and the Court will accept almost any justification, no matter how nave and intellectually feeble, for government encroachments on them.

The Tyranny of Local Government

Misenheimer's Forced Incorporation Stripped Joe Carter of His Property Rights

NOVEMBER 01, 2005 by PAUL MESSINO

Thanks to the recent decision rendered by the Supreme Court in Kelo v. City of New London, citizens across the nation have a new reason to fear government.

Regulations Improve the Free Market?

The Source of Most "Market Failures" Can Be Traced to Government

NOVEMBER 01, 2005 by ARTHUR FOULKES

Despite its remarkable record the free market remains for many people a tough sell. Even those who on balance support free enterprise hesitate to give unregulated market forces their full endorsement.

The Dangers of Eminent Domain

No One Should Have the Power to Seize Private Property

NOVEMBER 01, 2005 by DONALD BOUDREAUX

In Kelo v. City of New London the United States Supreme Court greatly weakened the constitutional protections that property owners have enjoyed against governments wishing to seize private property. This weakening is unfortunate.

The Supreme Court and the End of Limited Government

Transactions Are Only Made Legitimate By Consent

NOVEMBER 01, 2005 by SHELDON RICHMAN

The Supreme Court ruling permitting governments forcibly to transfer property through eminent domain from one private party to another for the sake of economic development did not come out of the blue.

Supply, Demand, Inventory

Inventory Smoothes Price Fluctuations in the Face of Shifting Supply and Demand

NOVEMBER 01, 2005 by RUSSELL ROBERTS

Supply-and-demand analysis is the bread and butter of classroom economics. All over America as the leaves change color and college commences, professors of economics are shifting supply and demand curves and showing how the price of a good changes in response.

A Popular Insurrection on Property Rights

Kelo Should Be Overruled

NOVEMBER 01, 2005 by RICHARD A. EPSTEIN

The property rights issues that arise constantly in modern life are always difficult and often obscure.

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Unfortunately, educating people about phenomena that are counterintuitive, not-so-easy to remember, and suggest our individual lack of human control (for starters) can seem like an uphill battle in the war of ideas. So we sally forth into a kind of wilderness, an economic fairyland. We are myth busters in a world where people crave myths more than reality. Why do they so readily embrace untruth? Primarily because the immediate costs of doing so are so low and the psychic benefits are so high.
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