By Robert Higgs | Tuesday August 24, 2010 at 11:04 AM PST | 27 Comments
Regime uncertainty has gained increasing recognition as the current economic troubles have persisted with little or no improvement since the economy reached a cyclical trough early in 2009. As described in my 1997 paper, regime uncertainty pertains to the likelihood that investors’ private property rights in their capital and the income it yields will be...
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Tags: American History, Austrian School of Economics, Bailouts, Budget and Tax Policy, Business, Corporatism, Economics, Employment, Fascism, Free Market, Government subsidies, Great Depression, Labor, Liberty, Money and Banking, Nationalization, Property Rights, Socialism, Taxation, Unemployment
By Carl Close | at 9:28 AM PST | 2 Comments
As usual, this week’s Lighthouse deals with a wide range of topics, including British Prime Minister David Cameron’s efforts to slash public spending (Alvaro Vargas Llosa), same-sex marriage in California (William J. Watkins, Jr.), the virtues of private policing (Bruce L. Benson), and the importance of entrepreneurship (David J. Theroux). Here are links to...
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Tags: Budget and Tax Policy, California, Civil Liberties, Constitution, Criminal Justice, Culture, Defense, Economics, England, Free Market, Law, Police, Privatization, Uncategorized