Tag: Property Rights

Immigration Policy Is Unjust »

Like you and every other person, I have no just right to prescribe for another person where he may come and go, with whom he may contract as employer or employee, and with whom he may buy, sell, and otherwise associate, so long as he does not violate anyone’s justly acquired private property rights…
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United States of Fear »

[F]irst of all, let me assert my firm belief that the only thing we have to fear is fear itself—nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance. In every dark hour of our national life a leadership of frankness and vigor has met with that understanding and support of…
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Are the Ruling Elites in China Now More Pro-market than the Ruling Elites in the USA? »

The current issue of the Cato Policy Report (January/February 2015) contains a short article about a book by Zhang Weiying called The Logic of the Market: An Insider’s View of Chinese Economic Reform, which was originally published in Chinese (and said to be a best-seller in China in that form) and was recently translated into English….
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What Makes a Miserable Country? »

Venezuela is the world’s most miserable country, according to a team of researchers at Johns Hopkins University who have calculated a World Misery Index. “Misery” is measured as the sum of a country’s inflation rate, unemployment rate, and interest rate, minus the annual percentage change in real GDP per capita. The higher the total…
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How Much Longer Can the U.S. Economy Bear the Burdens? »

Ordinary people, and sometimes experts as well, tend to overreact to short-term economic changes. The current economic malaise in the United States and Europe has brought forth a bevy of commentators convinced that this time the economy has taken a permanent turn for the worse. Never again, they declare, will we enjoy growing prosperity…
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Small Business Suffers: The Riots, Past and Present »

Several years ago, I wrote an article for The Independent Review on the urban riots of the 1960s (and the Rodney King riot of 1992). Watching the events unfold in Ferguson, it seems those in charge of riot control learned nothing. Once again, the victims were small business owners—many of them African Americans (as…
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Happy Birthday, Tea Party! »

October 16, 2014, marks the 241st anniversary of an event that helped launch the American Revolution against King George III, eventually leading the thirteen colonies to independence from the British Empire. On that same fall day in 1773, the first public assembly to protest the Tea Act convened in Philadelphia. (The more famous Boston…
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Fascism Is Efficient, Says Andres Duany, Leading Proponent of “Sustainable Development” »

It goes by many names: “sustainable development,” “smart growth,” “transit-oriented development,” to name a few. But development projects built under the banner of “sustainability” share the same elements: high-density residential housing and high-intensity commercial space (so-called mixed use) clustered near capital-intensive mass transit lines surrounded by government-owned “open space” and, increasingly, government-imposed “urban growth…
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Patent Trolls: Their Threat to U.S. Innovation—and the Solutions »

A menace is threatening technological innovation in America: the menace of patent trolls. Their modus operandi: Patent trolls make money—big money—through litigation, rather than by creating and selling products or services themselves. Typically, they acquire an overly broad patent and then lie in wait as the market for the patented product or service develops…
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Tech Companies Work to Tame Patent Trolls without Government Help »

In the wake of Congress failing to pass patent litigation reform this year, the private sector has gotten into gear and has taken matters into its own hands. Tech companies have formed LOTNet. This article from Motherboard sums up this new idea: As they say, if you can’t go through, go around. Enter the License…
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