By Mary Theroux | Monday January 2, 2012 at 4:51 PM PST | 19 Comments
On Saturday, President Obama signed into law the National Defense Authorization Act (NDAA) a/k/a the “Homeland Battlefield Bill,” (so named because it defines the entire U.S. as a battlefield in the War on Terror), that grants the executive virtually unlimited power to indefinitely detain any American citizen he deems a suspected “belligerent”—at his own...
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Tags: Civil Liberties, Constitution, Culture, Defense, Homeland Battlefield Bill, Imperialism, Iran, Liberty, Middle East, Military, NDAA, Peace, Personal Liberty, Police, Presidential Power, Privacy, Propaganda, Surveillance, Terrorism, The State, Torture, War
By David J. Theroux | at 4:50 PM PST | 4 Comments
On December 29th, the world-renowned economist Ronald H. Coase celebrated in Chicago his 101st birthday. Professor Coase received the Nobel Prize in Economic Sciences in 1991, and he is the Clifton R. Musser Professor Emeritus of Economics at the University of Chicago Law School and the former, highly influential editor of the prestigious Journal...
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Tags: 25th Anniversary Gala for Liberty, Alexis de Tocqueville Award, Austrian School of Economics, Books, Business, California, Civil Society, Culture, Economics, Entrepreneurship, Environment, Fred Foldvary, free enterprise, Free Market, he Firm, Independent Institute, Journal of Law and Economics, Land use, Law, Law and Economics, Lech Wałęsa, Liberty, Mario Vargas Llosa, market process, Monopoly and Antitrust, Privatization, Property Rights, public choice, Robert Higgs, Ronald H. Coase, The Independent Review, The Lighthouse in Economics, the Market and the Law, The Nature of the Firm, The Problem of Social Costs, transaction costs
By Randall Holcombe | at 2:25 PM PST | 4 Comments
In the face of substantial budgetary problems, California’s legislature voted to shut down its more than 400 redevelopment agencies that used tax dollars to partner with developers to redevelop blighted areas. Governor Jerry Brown proposed shutting down those agencies, saying the $5 billion they spent annually could be better spent elsewhere. One reason this...
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Tags: Budget and Tax Policy, California, Corruption, Economics, Free Market, Government subsidies, Housing, Land use, Politics, Taxation, The State