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May 2003

Volume 53, 2003


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The State's Quest for Total Information Awareness

Making it Easier for Strangers to Roam through Our Private Records Will Not Increase Our Security
May 01 2003 by ,

Selling History with Dolls

Free Markets, Selling History, Can Benefit Us All
May 01 2003 by ,

Does Prosperity Depend on Education?

Numerous Self-Made Tycoons Succeed with Limited Formal Education
May 01 2003 by ,

How California's Consumer Laws Legalize Extortion

California Trial Lawyers Target Small Business with Frivolous Lawsuits
May 01 2003 by ,

Saving the Environment for a Profit, Victorian-Style

Economic Progress Mandates the Development of Efficient Practices and the Discovery of Profitable Uses for Industrial Waste
May 01 2003 by ,

What's Wrong with How We Teach Economics

Economic Education Places Too Much Stock in Mathematical Formulas and Not Enough in the Study of Human Behavior
May 01 2003 by ,

Berry Gordy Jr. and the Original "Black Label"

Motown Records' Founder Gave America Some of its Best Music Moments
May 01 2003 by ,

What's So Good About Democracy?

It Is Almost Impossible to Design a System That Produces "The People's" Verdict
May 01 2003 by ,

It was once said that "democracy is the most promiscuous word in the language; she is everybody's mistress." Indeed, political regimes of widely differing institutional features label themselves democracies, as did totalitarian communist orders. Often, the best guide to a country's democratic credentials was that it didn't call itself democratic: compare West Germany's Federal Republic with the East German Democratic Republic.

The Myth of Health Insurance

“Health Insurance” Is Really a Statist System of Cost-Shifting
May 01 2003 by ,

Remembering Prague Spring

A Reflection on its Contribution to the Eventual Liberation of Half a Continent
May 01 2003 by ,

When the Eastern European empire of the Soviet Union melted away in 1989, and the Soviet Union itself dissolved two years later, wise observers noted that these developments hadn’t materialized overnight on their own. They were the result of critically important events that had punctuated seven decades of Soviet communism. The 35th anniversary of one of those events is now upon us, and its significance deserves to be remembered. As it unfolded in 1968, it was known to the world as the Prague Spring.

Individualism and Intelligence

Alone We Are Ignorant and Benighted; As Participants in a Market Society, We Are Informed and Enlightened
May 01 2003 by ,

Vices and Crimes

The Market Tells Us What People Value, Not What They Should Value
May 01 2003 by ,

OPEC Sells Us Oil Because It Likes Us?

May 01 2003 by ,

Germany: From the Market to Socialism and Back?

May 01 2003 by

Germany is still the third biggest economy in the world, but like the second (Japan) it is suffering from rising unemployment (approaching four million or 10 percent of the workforce), massive capital flight, a growth rate approaching zero, workers who were once a legend for productivity but who are now over-educated and reluctant to do a full day's labor without consulting a rule book of “rights” (a law restricting shopping on Saturday afternoon has only just been repealed), and enormous present and future welfare obligations.

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