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Dancing for the state Monday, August 2nd, 2010
Ohio law requires new drivers under the age of 18 to complete a state-approved driver education course consisting of “a minimum of 24 hours of classroom instruction and 8 hours behind the wheel.” So it should come as no surprise that there are a host of private companies providing state-approved driver training.
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Dancing for the state
Watch Importation, Copyright, and the First-Sale Doctrine The “Omega Seamaster Ploprof 1200m” wristwatch. In Cutting edges , blogger Peter Gordon relates a fascinating case where Swiss watchmaker Omega found a brilliantly evil trick using IP law to crack down on innocent market activity. Omega sells its watches for far less money in some countries than in others, a common enough practice known to economists as “geographical price discrimination.” The U.S
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Leveraging IP
Ted Frank of the Center for Class Action Fairness reports that a federal court has certified an antitrust class action brought on behalf of all iPhone owners—alleging Apple’s exclusive deal with AT&T illegally monopolizes the market for “iPhone telephone service.” Frank notes this is a mandatory class, “meaning that every iPhone owner with an AT&T Mobility two-year contract is now involuntarily represented by attorneys that apparently care more about the possibility of extortionate settlement profit than the clients they purportedly represent.” Frank is looking for an economic expert to refute this “quack antitrust analysis” on the record as part of an effort to decertify the class.
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Court Declares iPhone Owners Victims
Berin Szoka , a self-described “cyber-libertarian” attorney who works for the DC-based Progress and Freedom Foundation, felt it necessary to backpedal recently on his criticism of the Federal Trade Commission. Szoka wrote on July 13 that he and his PFF colleagues are “actually big fans of the FTC’s core consumer protection mission: holding companies to their promises ” (italics his). Szoka said the FTC needs “increased funding”—though not necessarily “increased powers”—to stay true to this core mission
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Outing a Closeted Statist
Understanding the true causes of the Depression, as well as the real economic record of the United States in the 1930s, is an essential ingredient in anyone’s economic and historical education. FULL ARTICLE by Thomas Woods Join the discussion and post a comment Related posts: The Forgotten Depression of 1920 Woods Tells the Story of the Meltdown Mises Circle event in Colorado Springs
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Know the New Deal Cold
The history of capitalism as it has operated in the last two hundred years in the realm of Western civilization is the record of a steady rise in the wage earners’ standard of living. FULL ARTICLE by Ludwig von Mises Join the discussion and post a comment Related posts: Wages, Unemployment, and Inflation Everything You Love You Owe to Capitalism Semantic Tools and Faulty Nomenclature
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The History of Capitalism
One of the United States’ most blatant examples of protectionism — so blatant that it is used as an illustration of the idea in some economics textbooks — is its sugar policy. FULL ARTICLE by Gary Galles Join the discussion and post a comment Related posts: Economics of Oblivion Remember the Father of the Constitution The Inclination to Love Liberty
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Not Exactly Sweet Reason
As the economy attempts to cleanse itself of the malinvestments of the decade-long bubble, jobs dominated by men have been sacrificed: construction, finance, and manufacturing. Hanna Rosin writes in the Atlantic , “The recession merely revealed—and accelerated—a profound economic shift that has been going on for at least 30 years, and in some respects even longer.” Rosin makes clear that whatever it is that men bring to the party is not needed anymore. Job categories dominated by women are expected to thrive in the coming years and women are earning half again as many college degrees as males
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The End of Men
I am of course very pleased by this review of my book by Robert Wenzel, with whom I had various debates over IP – one of which led to explosive results. So it is kind of him to say these nice things. There are indeed several chapters that explore the issue of IP, which I’m increasingly regarding as a mere application of a larger principle that is becoming clearer to libertarians today: the role of learning in the formation of social order.
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Bourbon for Breakfast review
Professor Joshua Wright of the George Mason University Law School recently authored an “ antitrust analysis ” of the Federal Trade Commission’s pending administrative complaint against Intel: This complaint is noteworthy for at least five reasons. First, prior to the complaint, the European Union had already assessed record-setting antitrust fines against Intel for the same conduct. Second, Intel had also already effectively ended the dispute when it settled with its chief rival, AMD
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Intel Is Nothing New
I recently attended at the Fifth Annual Meeting of the Property and Freedom Society in Bodrum , Turkey (see my Bodrum Days and Nights: The Fifth Annual Meeting of the Property and Freedom Society: A Partial Report ). I delivered a speech entitled “Ideas are Free: The Case Against Intellectual Property.” The speech following mine was by one Terence Kealey , a biochemist at the University of Buckingham and author of Sex, Science and Profits and The Economic Laws of Scientific Research
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Terence Kealey: “Science is a Private Good–Or: Why Government Science is Wasteful”
George Mason’s Bryan Caplan writes in “ The Breeder’s Cup ” that parenting isn’t as hard as it appears. “Once you realize that your kids’ future largely rests in their own hands, you can give yourself a guilt-free break,” and he makes the case for having more
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Just in time for father’s day
A few days after telling the American Medical Association that he was not a socialist , Federal Trade Commission Chairman Jon Leibowitz went right back to implementing health care socialism. On Friday, the FTC announced its 36th “consent order” since 2001 against a physician group for the crime of negotiating a contract without FTC consent.
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Remember, It’s Not Socialism
I remember working in collections at a bank back in the early ’90s and delinquent borrowers would say they couldn’t pay because their businesses hit the ditch when the first Gulf War started: Gas prices rose, people cut back on other spending, etc. Now, BP’s spill is the boogie man keeping businesses from prospering
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Always something to blame
Not only can you download an ePub version of Human Action by Ludwig von Mises; not only can you download an ePub version of Man, Economy, and State, with Power and Market by Murray N. Rothbard; now you can also download the accompanying study guides by Robert P. Murphy: Join the discussion and post a comment Related posts: Mises, Rothbard in .epub Human Action Study Guide: First Look Human Action Study Guide Chapters 17-20
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ePub Study Guides by Robert P. Murphy
Paul Krugman still is on his bandwagon about the imaginary “austerity” programs of the USA and Germany. Of course, we might ask, “What austerity?” I answer in my KIW post today . Join the discussion and post a comment Related posts: I challenge Krugman on “Austerity” and Spending Krugman on Hayek and Liquidation: Wrong Again Krugman Continues His Bogus China Jihad
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Krugman: Cutting Back Government Spending Will Lead to Recession
At the last minute, the Federal Trade Commission decided not to retroactively challenge the Google-AdMob merger after all: The Federal Trade Commission has voted 5-0 to close its investigation of Google’s proposed acquisition of AdMob. The decision was a difficult one because the parties currently are the two leading mobile advertising networks, and the Commission was concerned about the loss of head-to-head competition between them.
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FTC to Google: You’re Off the Hook…for Now
Here Author/filmmaker, J. Neil Schulman, today announced his intention to file a lawsuit for copyright infringement of his 1979 novel, Alongside Night, which tells the story of the collapse of the American economy due to massive government overspending and the issuing of unbacked money and credit to pay the interest on the national debt. Schulman intends to name the United States government as his primary defendant
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A copyright lawsuit Kinsella can support
France’s absolutism and strictly enforced mercantilism put it out of the running as a leading nation in industrial or economic growth, despite that its early industrial development had seemed promising and that its population was six times that of England. FULL ARTICLE by Murray N. Rothbard Join the discussion and post a comment Related posts: Too Many or Too Few People
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Jean-Baptiste Colbert
A specter is haunting the world, and especially Europe: sovereign insolvency. Sovereign-debt problems may already have reached a point beyond remedy — short of default or high rates of inflation. FULL ARTICLE by Philipp Bagus Join the discussion and post a comment Related posts: Austrians on Deflation The Insolvency of the Fed Qualitative Easing and the Crisis – Iceland Cometh
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Have We Crossed the Point of No Return?
The Justice Department is seeking a new chief for the New York office of the Antitrust Division. Since this is a “Senior Executive Service” position, applicants must demonstrate not just technical qualifications, but also “Executive Core Qualifications” defined by the Office of Personnel Management: 1) Leading Change: This core qualification involves the ability to bring about strategic change, both within and outside the organization, to meet organizational goals. Inherent to this ECQ is the ability to establish an organizational vision and to implement it in a continuously changing environment.
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Help Wanted
For a while it was looking like the British political class was taking such stories as George Orwell’s 1984 and Alan Moore’s V for Vendetta as prescriptive guidebooks, rather than as dire warnings. However, this development , on balance, seems to be a welcome tapping-of-the-brake, at least, for the British super-state. A “power revolution” in Britain will be promised by Nick Clegg today as he tries to put his personal stamp on the Government in his first major statement as Deputy Prime Minister.
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Britain slows its march toward dystopia
My summer research project on Walmart can now proceed (earlier work is here ). If you haven’t downloaded The Capitalist and the Entrepreneur yet, here’s the PDF . Join the discussion and post a comment Related posts: Thank you to the Mises Institute Summer Fellows The Capitalist and the Entrepreneur, by Peter G
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I Checked The Mail Today, Oh Boy!
By 1715, the manipulation of the currency, the increase in public debt, and the mismanagement of state finances had left France in poverty and chaos. Such was the state of affairs when John Law appeared in Paris with a plan by which all of these misfortunes were to be repaired. FULL ARTICLE by Elgin Groseclose Join the discussion and post a comment Related posts: America’s Money Machine There Will Be (Hyper)Inflation Operation Bernhard and Counterfeiters
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The Great Paper-Money Experiment
Eurozone officials have developed a $1-trillion stimulus plan in an attempt to prevent their economies from falling into an economic black hole. Such policies can only make things much worse. FULL ARTICLE by Frank Shostak Join the discussion and post a comment Related posts: Genius! The Stimulus’ Short-Term Purpose Govn’t Stimulus Means More Debt Burdens Come
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The Eurozone Stimulus Package and Economic Fundamentals
The supporters of socialized healthcare dream that everything will remain the same, except that someone else will pay the bill. But man changes by degree as liberty is lost. FULL ARTICLE by Jim Fedako Join the discussion and post a comment Related posts: Why I Choose Low-Quality Health Care Private-Sector Health Care Leads the Way Healthcare and Insurance on a Desert Island
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The New Bureaucratic Man
Andy Duncan is wild for Doug French’s book : “You know you have crossed into the Austrian light when you wake up one morning and everything has become clear. From that point forward, for the rest of your life, you realise that almost every societal problem you encounter, no matter how simple nor how complex, is usually something to do with involuntary coercion, threatened violence, or some other failure of state interference in the free market. No matter how well the dead hand of government has camouflaged itself, the underlying coercive cause of the problem usually presents itself in short order, whether to explain a failing health system, a rogue schools system, or even a perennial shortage of your favourite vitamin in a local health food store.
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French and Manne