Issue CXXXIII - December 14-15, 2007

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Economics
A First Analysis of the Category of Action (1949):
Ludwig von Mises
December 15, 2007
The result sought by an action is called its end, goal, or aim. One uses these terms in ordinary speech also to signify intermediate ends, goals, or aims; these are points which acting man wants to attain only because he believes that he will reach his ultimate end, goal, or aim in passing beyond them. Strictly speaking the end, goal, or aim of any action is always the relief from a felt uneasiness. Ludwig von Mises analyzes the concept of human action from a praxeological perspective.

Dominick T. Armentano's Arguments for the Repeal of All Antitrust Laws: Part III:
G. Stolyarov II
December 15, 2007
In Chapter 5 of Antitrust: The Case for Repeal (1999), Dominick T. Armentano discusses antitrust policy toward vertical agreements such as price discrimination. Price discrimination is explicitly addressed in Section 2 of the Clayton Act (1914) and the Robinson-Patman Act (1936). Any kinds of restrictions on and prosecutions of price discrimination are the most difficult antitrust policy to defend, as such restrictions are blatantly protectionist of competitor groups, often at the expense of other more effective competitors and of the competitive process itself. Mr. Stolyarov explains.

Dominick T. Armentano's Arguments for the Repeal of All Antitrust Laws: Part IV:
G. Stolyarov II
December 15, 2007
In Chapter 6 of Antitrust: The Case for Repeal, Dominick T. Armentano discusses antitrust policy’s approach toward horizontal agreements, such as mergers, price collusion, cartel attempts, and market division agreements – most of which are still prosecuted to the fullest extent. Mr. Stolyarov explains Armentano's arguments for why these antitrust prosecutions, too, should be abandoned.

Dominick T. Armentano's Arguments for the Repeal of All Antitrust Laws: Part V:
G. Stolyarov II
December 15, 2007
In Chapters 3 and 4 of Antitrust: The Case for Repeal, Dominick T. Armentano argues against the primary reasons frequently given for the existence of antitrust laws. He criticizes the perfect competition model, the Neoclassical free-market monopoly model, and the idea that free-market barriers to entry pose problems for consumers. Mr. Stolyarov describes these arguments.

Historical Analysis
Two Rights - Old and New:
Murray N. Rothbard
December 15, 2007
In the spring of 1970, a new political term — "the hard hats" — burst upon the American consciousness. As the hard-hatted construction workers barreled their way around the Wall Street area, beating up college kids and peace demonstrators, earning the admiration of the right wing and a citation from President Nixon, one of the banners they raised summed up in a single phrase how remarkably the right wing has changed over the past two decades. For the banner said simply: "God Bless the Establishment."
In that single phrase, so typical of the current right wing, the hard-hats were expressing the age-old political philosophy of Conservatism, that philosophy which formed the central core of the originally labeled "Conservatism" of early 19th-century Europe. In fact, writes Murray Rothbard, it is the philosophy that has marked genuinely conservative thought, regardless of label, since the ancient days of Oriental despotism: an all-encompassing reverence for "Throne-and-Altar," for whatever divinely sanctioned State apparatus happened to be in existence. In one form or another, "God Bless the Establishment" has always been the cry on behalf of State power.

Politics
Infamous in Berlin, But in Very Good Company:
Alan Caruba
December 14, 2007
The December 12 edition of Berliner Zeitung carried a story about the "deniers of climate change" and among the luminaries named was none other than Alan Caruba. Mr. Caruba is honored to be so mentioned - among other individuals who prefer the truth to unwarranted fears.

Buy a Gun:
Chuck Baldwin
December 14, 2007
Most of us are aware that the heroic actions of a brave woman at the New Life Church in Colorado Springs, Colorado a few days ago saved the lives of perhaps scores, or even hundreds, of people. However, her bravery would not have counted for much had she not been armed. Therefore, to help keep your family safe and your country free, Chuck Baldwin believes that you should go buy a gun.

Toward a Theory of Strategy for Liberty:
Murray N. Rothbard
December 14, 2007
The elaboration of a systematic theory of liberty has been rare enough, but exposition of a theory of strategy for liberty has been virtually nonexistent. Indeed, not only for liberty, strategy toward reaching any sort of desired social goal has been generally held to be catch-as-catch-can, a matter of hit-or-miss experimentation, of trial and error. Yet, if philosophy can set down any theoretical guidelines for a strategy for liberty, it is certainly its responsibility to search for them. Murray Rothbard attempts such a search.

Conscription as an Omen (1946):
Robert A. Taft
December 14, 2007
The proposal that we establish compulsory military training in time of peace seemed to Senator Robert A. Taft to strike at the very basis of freedom . The power to take a boy from his home and subject him to complete government discipline is the most serious limitation on freedom that can be imagined.

The Task Confronting Libertarians (1969):
Henry Hazlitt
December 15, 2007
Henry Hazlitt writes about the task now confronting all libertarians considered collectively. This task has become tremendous, and seems to grow greater every day. In whatever field he specializes, or on whatever principle or issue he elects to take his stand, the libertarian must take a stand. He cannot afford to do or say nothing. Mr. Hazlitt discusses some general principles for an effective promotion of liberty.

"Laws that forbid the carrying of arms . . . disarm only those who are neither inclined nor determined to commit crimes . . . Such laws make things worse for the assaulted and better for the assailants; they serve rather to encourage than to prevent homicides, for an unarmed man may be attacked with greater confidence than an armed man." 
~ Thomas Jefferson