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October 2005

October 2005

Volume 55, 2005

FEATURES

When the Supreme Court Stopped Economic Fascism in America

We Can Resist the Headlong March into Economic Tyranny
OCTOBER 01, 2005 by

Seventy years ago, on May 27, 1935, the U.S. Supreme Court said no to economic fascism in America.

Hurricane Katrina: Government versus the Private Sector

Wal-Mart and Home Depot Saved the Day in New Orleans
OCTOBER 01, 2005 by

Wal-Mart Is Good for the Economy

The Major Criticisms of Wal-Mart Are Without Merit
OCTOBER 01, 2005 by

Ideologues who rant against Wal-Mart do not understand economics. In a market economy, success goes to those businesses that best and most efficiently serve consumer needs.

Income Mobility: Alive and Well

OCTOBER 01, 2005 by

Global Warming Is a Threat?

The Only Internally Consistent Picture Is One of a Very Modest Warming
OCTOBER 01, 2005 by

Last December Naomi Oreskes, an associate professor of history at UCLA, published a Washington Post Outlook piece called "Undeniable Global Warming." She asserted that the planet is warming (true), that increases in greenhouse gases have something to do with it (true), that several scientific societies hold this view (true), that the remainder of the discussion is quibbling about the details, and that we must respond to the threats that global warming presents.

Taxing for Therapy

Proposition 63 Won't Improve Californians' Mental Health
OCTOBER 01, 2005 by

The Marxian credo, "From each according to his abilities, to each according to his needs," is the moral foundation of the progressive tax policies of modern capitalist societies. The psychiatric credo, "From each producer according to his income, to each psychiatric parasite according to his cunning," amplifies that creed and garbs it in the mantle of therapy.

Presidents and Poverty

Self-Reliance, Work, and Entrepreneurship Are the Best Antipoverty Program
OCTOBER 01, 2005 by

Conventional wisdom holds that fighting poverty has only lately been a concern of American presidents, and that before Franklin Roosevelt it was hardly a concern at all. This stubborn error persists.

The Economic Policy of Machiavelli's Prince

Rulers Have Repeatedly Resorted to Plundering Their Own People
OCTOBER 01, 2005 by

Niccol Machiavelli, statesman and writer of Renaissance Florence, got what countless writers have sought and only a few have achieved: his name became immortal. It is known not so much as a proper noun but as an adjective, and that adjective is not one in which he could take great pride.

Australian Labor-Relations Sell-Out

Australian Labor-Relations Regulations Are Irrational, Contradictory, and Oppressive
OCTOBER 01, 2005 by

In mid-March, at the behest of the H.R. Nicholls Society, I traveled to several Australian cities speaking on the subject of the American labor market and the lessons that it might have for labor-law reform in Australia. Along the way I discovered that Australian labor-relations regulations are much more irrational, contradictory, and oppressive even than our own National Labor Relations Act.

Liberty: The Other Equality

Equality of authority.
OCTOBER 01, 2005 by

Equality is an ideal upheld by a number of ideologies, but nowadays it is seldom associated with libertarianism or classical liberalism. Indeed, both libertarians and their critics typically think of equality as an ideal in tension with the ideal of liberty as libertarians understand it.

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