“Privatize The Roads!” Says PhD Economist

Death, taxes and government ownership of roads: all inevitabilities, right? Well, not according to Dr. Walter Block, professor of economics at Loyola University in New Orleans and senior fellow at the free-market Mises Institute. Dr. Block, whose most famous work, Defending the Undefendable, not only made a case for drug legalization but also argued . . . → Read More: “Privatize The Roads!” Says PhD Economist

Why Businesses Are Hiring Even During a Recession

One of the surest signs that we’re in a recession is the abundance of “We’re Hiring” signs at low-end service-sector places of employment. You’ve probably seen them around your town: fast food restaurants, video stores, retailers looking for new managers, etc.

How can this be? In a recession, shouldn’t businesses be laying people off?

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Supreme Court Paves Way for a New Era of Price Fixing

In 1911, Dr. Miles Medical Co, a maker of relaxants and other medicines, sued a distributor, John D. Park & Sons Co., for selling at cut rate prices. The company lost the case when the Supreme Court held that it was trading too close to cartel-like trading. The judgment in the case Dr. Miles . . . → Read More: Supreme Court Paves Way for a New Era of Price Fixing