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Mark Brady
Well worth reading. Michael Hudson explains how the bailout of Fannie Mae and Freddie Mac will reward the bubble's enablers. It's too bad commentators like Gerald O'Driscoll, Tyler Cowen and Alex Tabarrok see fit to accept (albeit reluctantly) the bailout and leave sound class analysis (predators versus producers) to Professor Hudson, who was Dennis Kucinich's economic guru.

Tuesday, July 15, 2008 - 14:31


Anthony Gregory
David Theroux on another small move toward freedom there since Fidel has stepped down.

Tuesday, July 15, 2008 - 16:22


Mark Brady
Recently I read a favorable review of Kate Summerscale's newbook. Now it has won the Samuel Johnson prize for nonfiction. Her book is the story of a real-life murder that inspired the birth of modern detective fiction. Think Wilkie Collins' The Moonstone (1868).

Tuesday, July 15, 2008 - 22:53


Amy H. Sturgis
At the end of a weeklong Wabanaki Confederacy conference, the Wabanaki Council of Chiefs passed a historic resolution calling on United Nations nongovernmental organizations, the Human Rights Council and the Organization of American States to intercede on the tribes' behalf against incursions on tribal sovereignty by states and courts.

Read the full article by Gale Courey Toensing.

Sunday, July 13, 2008 - 10:53


Amy H. Sturgis
Twenty years after political attacks from both the Right and Left grounded a pathbreaking dystopian science fiction television series, fans and critics still remember the Captain Power story.

I discuss how anti-gun and pro-family groups missed the important lessons concerning liberty in the series they destroyed in the latest StarShipSofa podcast, available here.

Sunday, July 13, 2008 - 11:05


David T. Beito
On Friday, former U.N. arms inspector Scott Ritter will be a guest on Scott Horton's radio show. He will discuss U.S. relations with Iran, Israel, and much more. As I have mentioned, Horton is one of the best interviewers in the business. Listen once and you will probably be hooked.

Friday, July 11, 2008 - 00:29


Anthony Gregory
Here's an Op-Ed I wrote on the FISA bill and the longtime war on the Fourth Amendment by leaders of both parties.

Friday, July 11, 2008 - 18:43


Anthony Gregory
Barack Obama voted for cloture on the bill to give Bush all he wants on illegal warrantless surveillance. And then he voted for the bill. Hillary Clinton voted against cloture, then voted against the bill. All it took for Obama to become less civil libertarian than Hillary was getting the nomination. What will he do as president?

Here's Glenn Greenwald on Obama's wholesale reversal on his campaign promise to oppose the FISA bill (so long as it had telecom immunity):
Obama's vote in favor of cloture, in particular, cemented the complete betrayal of the commitment he made back in October when seeking the Democratic nomination. Back then, Obama's spokesman -- in response to demands for a clear statement of Obama's views on the spying controversy after he had previously given a vague and noncommittal statement -- issued this emphatic vow:"To be clear: Barack will support a filibuster of any bill that includes retroactive immunity for telecommunications companies."

But the bill today does include retroactive immunity for telecommunications companies. Nonetheless, Obama voted for cloture on the bill -- the exact opposition of supporting a filibuster -- and then voted for the bill itself. A more complete abandonment of an unambiguous campaign promise is difficult of imagine.

For more on the Democrats and FISA, see my recent Op-Ed,"The Democrats Betray the Fourth Amendment," and my piece two years ago predicting this betrayal,"Will the Democrats Save our Civil Liberties?"

In"FISA and the PATRIOT Act Are the Abuse," I criticized the very notion that the statutory law that Bush found necessary to circumvent is itself enough to protect our privacy. I discussed how such surveillance programs have been directed against benign political and partisan enemies of the state in"FBI, Please Protect Us from Terrorists and the ACLU."

Thursday, July 10, 2008 - 02:59


Roderick T. Long

[cross-posted at Austro-Athenian Empire]

I’ve just posted an 1842 work by English individualist anarchist Thomas Hodgskin titled Peace, Law, and Order; Hodgskin objects to the common conjoining of these three terms, on the grounds that law is the greatest threat to peace and order, not their guarantor.

I’ve also finished posting American mutualist Dyer Lum’s 1890 Economics of Anarchy, along with a shorter work by Lum from 1887 titled On Anarchy. These works deal with many of the same issues as Tandy’s book, though Lum is a bigger fan of cooperative association than Tandy and is not quite as firmly committed to nonviolent methods.

Elsewhere in the libersphere, Shawn Wilbur has also located and posted an 1890 anti-tariff piece by battlin’ Belgian Gustave de Molinari titled “The McKinley Bill in Europe.”


Wednesday, July 9, 2008 - 04:38


Keith Halderman
A student in a class on the history of drugs was asked the following two questions; “Do more arrests and more people in prison necessarily lead to less drug use? Also, does a policy producing fewer arrests and less people in prison necessarily lead to more drug use?” Last week the World Health Organization (WHO) answered both queries with a resounding no.

Ever since the Progressive Era the United States government has pursued a policy relying primarily on punishment to curb drug abuse, with abuse and use being considered largely synonymous. While the program has always been a mixture of state coercion and drug treatment, the bulk of the funding has gone into maintaining prohibition. As a result, this country has a racially biased overcrowded prison system on the verge of collapse. We have a law enforcement system employing often very brutal tactics which accomplish very little in way of ending drug use. Our medical system is denying people in pain the medication they need to ease their suffering. And, the nation’s economic system must come up with billions of dollars each year to pay for this activity.

We are told these sacrifices are necessary to keep drugs in check but what do we really get for our money and our pain? Well, U.S. News and World Report, writing about research done by the WHO, tells us that the United States has “the highest percentage of people who reported using marijuana or cocaine at least once in their lives.” We have achieved this distinction despite the fact that many other countries have much more liberal and humane policies than us. Writing on AlterNetBruce Mirken argues that this study shows the punitive approach to be ineffective and that the people in charge of the policy know this. Mirken quotes the WHO researchers; "The U.S., which has been driving much of the world's drug research and drug policy agenda, stands out with higher levels of use of alcohol, cocaine, and cannabis, despite punitive illegal drug policies. ... The Netherlands, with a less criminally punitive approach to cannabis use than the US, has experienced lower levels of use, particularly among younger adults. Clearly, by itself, a punitive policy towards possession and use accounts for limited variation in nation level rates of illegal drug use."

Cross posted on The Trebach Report


Wednesday, July 9, 2008 - 20:16


Chris Matthew Sciabarra
Just a little note to inform readers that the newest issue of The Journal of Ayn Rand Studies has been published; you can check out its table of contents, with links to abstracts and contributor biographies here.

Tuesday, July 8, 2008 - 08:17


Keith Halderman
I have often thought it is a shame that there are no annual awards for the most amazing displays of stupidity by university administrators. If there were, this would be my nomination for 2008.

Monday, July 7, 2008 - 13:10


David T. Beito
Here is a youtube of Scott Horton's interview of Gordon Prather on Iran's nuclear program (or lack thereof):



Sunday, July 6, 2008 - 13:42


Roderick T. Long

[cross-posted at Austro-Athenian Empire]

I’ve finally finished posting Francis Tandy’s 1896 individualist anarchist work Voluntary Socialism. Chapter 9 defends the occupancy-and-use theory of land ownership, and criticises the Georgist alternative. Chapter 10 is a critique of intellectual property. Chapter 11 criticises the assumption that workers’ cooperatives would dominate the post-capitalist economy. Chapter 12 takes on the postal monopoly. Chapter 13 defends education over electoral politics and violent revolution as a method of advancing anarchism. Chapter 12 – the most depressing for a present-day anarchist – points to signs that the cultural power of statism is waning (in 1896). Finally, an appendix offers suggestions for future reading.

I’ve also posted a contemporary review by one K. C. Felton (who seems not to have read Tandy’s book very carefully).

Coming soon: more Dyer Lum!


Sunday, July 6, 2008 - 17:09


David T. Beito
Get out the champagne. We now officially belong to the academic elite of blogs. Online University Reviews has selected Liberty and Power as one of top 100 Liberal Arts Professors blogs.

Friday, July 4, 2008 - 01:02


Sheldon Richman
On this July 4th I observe with shame this news from my town, Conway, Arkansas, as reported in the Democrat Gazette this morning:
A con artist posing as an undercover drug cop struck twice in Conway within the past week, stealing hundreds of dollars from unsuspecting victims.

Conway Police Department Lt. Danny Moody said the man flashed a fake badge and told his victims to turn over their money. The cash was involved in a previous drug deal, he said, and may be contaminated with “drug residue.” The supposed cop said he needed to take the money so that a police drug dog could inspect it.

The victims handed over their money, Moody said, and the scam artist drove away.

Moody said the fake cop took
a “substantial” amount from five victims at the Economy Inn on Saturday and at America’s Best Value Inn and Suites on Monday. He would say only that it was more than $200. The victims were from South Carolina and Texas.

Moody said the department has a suspect. The department believes the man ran the same scam in Arkadelphia and Benton previously.
Need one comment?

Cross-posted at Free Association.

Friday, July 4, 2008 - 06:56


Sheldon Richman
It's the Fourth of July, the day we ought to contemplate and rejoice in Jefferson's radical declaration of the"self-evident" truth that all individuals are equally endowed with" certain unalienable Rights, ... among these ... Life, Liberty and the pursuit of Happiness."

Alas, the day cannot be one of unmitigated joy since we have again been reminded that the purported protectors of our liberties have little understanding of those rights. We thus live under constant threat from the very people who claim to protect us.

As you might guess, I am referring to the U.S. Supreme Court decision in Second Amendment case, District of Columbia v. Heller.
The rest of this week's TGIF,"Getting Rights Wrong," is at the Foundation for Economic Education website.

Cross-posted at Free Association.

Friday, July 4, 2008 - 08:37


Steven Horwitz

Some very brief thoughts of mine on the day over at Western Standard, a very nice and quite libertarian Canadian site.

Cross-posted at The Austrian Economists.

Friday, July 4, 2008 - 09:09


Chris Matthew Sciabarra

For several years now, I have been going on and on about the continuing growth of the religious right in conservative circles. My antipathy to theocratic conservatism had been at fever pitch long before I wrote my essay,"Caught Up in the Rapture," which, with its sister essay,"Bush Wins!," predicted a Bush victory a good six months prior to the 2004 election.

In this context, a recent Jonathan Rauch essay,"America's Anti-Reagan isn't Hilary Clinton. It's Rick Santorum," has been making the rounds all over the blogosphere; it's a dissection of Pennsylvania Senator Rick Santorum's anti-libertarian philosophy.

What one will not find in Rauch's essay, however, are two words:"Bush" and"Iraq." In my view, Santorum's new book, It Takes a Family: Conservatism and the Common Good, is only the newest manifestation of a religious conservative movement, whose titular head is George W. Bush. Whereas the religious conservatives wish to remake the culture and politics of this country, the neoconservatives wish to remake the culture and politics of the Middle East. Together, these tendencies make for one very potent anti-libertarian, anti-individualist politics.

What hope does a religiously based conservative administration have to inspire secular, liberal democracies in the Middle East when it is at war with both secularism and liberalism at home?

I discuss these themes in greater depth at Notablog.


Thursday, July 3, 2008 - 09:52


David T. Beito
In the last two days, both Obama (here) and McCain (here) have called for a bigger military. Here is what Obama said:

But we need to ease the burden on our troops, while meeting the challenges of the 21st century. That’s why I will call on a new generation of Americans to join our military, and complete the effort to increase our ground forces by 65,000 soldiers and 27,000 Marines.


Thursday, July 3, 2008 - 11:19