Tag: Property Rights

Challenge of Liberty Student Seminars—Application Deadline: March 31 »

The Challenge of Liberty Student Seminars are returning for another exciting season! Thanks to the generous support of donors, we will hold two seminars for college students—one at the University of Denver (June 16–20) and one at the University of California, Berkeley (July 7–11)—and one seminar for high-school students at the Independent Institute’s headquarters...
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Judge the Pope’s Exhortation by Results, Not Rhetoric »

Pope Francis recently urged all people to have greater compassion for the poor. And to his credit he emphasized the moral imperative of helping to reduce poverty around the world. Unfortunately, the approach advocated by Francis would result in more human suffering, not less. In his strongly worded apostolic exhortation “Evangelii Gaudium” or “The...
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The Pilgrims’ Real Thanksgiving Lesson »

With Thanksgiving upon us once again, we offer a reminder of the economic lesson that made our first Thanksgiving possible: The Pilgrims’ Real Thanksgiving Lesson by Benjamin Powell Feast and football. That’s what many of us think about at Thanksgiving. Most people identify the origin of the holiday with the Pilgrims’ first bountiful harvest....
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Government Spending and Regime Uncertainty—a Clarification »

In view of my sixteen-year campaign to bring about an understanding of the idea of “regime uncertainty,” one might think that I would be gratified by the growing recognition of the importance of the closely related (but narrower) idea of “policy uncertainty” in relation to the unusually slow recovery from the bust of 2007-2009....
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Victory! The Independent Institute’s Longtime Opposition to Inclusionary Housing Policies Lays Groundwork for Governor’s Veto »

On Sunday, Gov. Jerry Brown vetoed Assembly Bill 1229, a measure that would have authorized California cities and counties to establish inclusionary housing requirements as a condition of development, allowing them to force housing developers to set aside units for low-income residents. The Independent Institute, and especially its Senior Fellow Benjamin W. Powell, provided...
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The Ugly Beginning of Dodger Stadium Provides Important Property Rights Lesson »

Game three of the National League Championship Series will be played tonight at Dodger Stadium in Los Angeles. TBS play-by-play announcer Ernie Johnson and others often interchangeably refer to Dodger Stadium as Chavez Ravine. But they don’t explain the stadium’s ugly beginnings. Two miles from downtown Los Angeles, Chavez Ravine had been used in...
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Good News! SB 1 Dies (For Now) »

Just days ago, the “Sustainable Communities Investment Authority” bill (SB 1) died in the California state legislature, for now. It was ordered to the inactive file at the request of its author State Senator Darrell Steinberg. The Independent Institute tracked this bill closely and I worked to educate the public on its dangers with...
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Creative Destruction—The Best Game in Town »

In his justly famous 1942 book Capitalism, Socialism and Democracy, Joseph A. Schumpeter described the dynamics of a market economy as a process of “creative destruction.” In his view, innovation—“the new consumers’ goods, the new methods of production or transportation, the new markets, the new forms of industrial organization that capitalist enterprise creates”—drives this...
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How John Locke Should Have Saved The Lone Ranger »

I had a glimmer of hope for the 2013 film The Lone Ranger when I read that young U.S. attorney John Reid, aka The Lone Ranger, arrives in untamed west Texas with a copy of John Locke’s Two Treatises of Government. After watching the otherwise entertaining summer action film, I left the theater wondering...
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SCOTUS Decision Offers Hope to Farmers Wanting Economic Freedom »

In addition to collecting information on your telephone and Internet activity, the federal government is collecting your raisins. Yes, you read that right. Since 1937, the federal government has forced raisin growers to hand over without compensation a percentage of their annual crop to a government-sponsored raisin marketing board, keeping this portion from consumers...
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