November 2005Volume 55, 2005
Private Investment Brings Superior Results
November 01 2005 by Richard M. 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."
What This Historic Division Reveals about the Social Order We Inhabit
November 01 2005 by Stephen Davies ,
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.
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.
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.
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.
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.
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.
Eminent Domain Is Abusive Per Se
November 01 2005 by Steven Greenhut ,
Two years ago, when I began writing a book, people's eyes would glaze over when I told them the subject was eminent domain, the power of the government to take property by force on just compensation to the owner.
Politics Has Captured the American Legal System
November 01 2005 by Andrew P. Morriss ,
In 1776 John Adams declared that America was "a nation of laws, not men." Politicians of all persuasions have used Adams's phrase ever since to claim the moral high ground. Such rare agreement among the political classes, even if only rhetorical, is an indication of the power of the idea of the rule of law.