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The U.S. Army changed its core battle-fighting doctrine in response to external and internal pressures throughout the 20th Century. Exogenous, material pressures found under the balance of power appro...
Despite the current intellectual popularity of free market philosophies
and the increasing doubt cast on the idea that the political
power of the state can improve upon the spontaneous workings of a...
HARD COALS MAKE BAD LAW：CONGRESSIONAL PAROCHIALISM VERSUS NATIONAL DEFENSE
HARD COALS NATIONAL DEFENSE CONGRESSIONAL PAROCHIALISM
2008/12/4
The U.S. national defense program is very expensive and notoriously
plagued by waste, fraud, and mismanagement. MembersofCongress,
whose duty it is to oversee the program, often complain about it an...
IN DEFENSE OF HENRY SIMONs’ STANDING AS A CLASSICAL LIBERAL
CLASSICAL LIBERAL SIMONs’ STANDING
2008/12/2
At a 1981 Los Angeles symposium, subsequently published in the
Journal of Law and Economics as “The Fire of Truth: A Remembrance
of Law and Economics at Chicago, 1931—1970” (Kitch 1983),
Ronald Coa...
THE FEDERAL RESERVE CHAIRMAN AS HERO：OUR DEFENSE AGAINST MONETARY EXCESSES?
FEDERAL RESERVE CHAIRMAN MONETARY EXCESSES monetary policy
2008/11/22
Over the past 55 years, the politicization of monetary policy has
required the evisceration of formal institutional constraints on monetary
excesses, namely the elimination of the gold reserve ratio...
IN DEFENSE OF THE CREDIT BUREAU
Credit Bureaus Torres bill The Consumer Credit Reporting Reform Act
2008/11/22
In the past year Congress considered more than 30 resolutions
concerning credit bureaus. The bills were designed to expand control
of credit bureaus. The House Subcommittee on Consumer Affairs
and ...
A SURVEY, CRITIQUE, AND NEW DEFENSE OF TERM LIMITS
Incumbency Advantage TERM LIMITS Political Action Committees
2008/11/21
Term limits are an important aspect of the U.S. political system.
Since 1990, 21 states havepassed congressional term limit laws.’ Term
limits on governors have been common since the fonnding of the...
By now there is a substantial literature in economics pioneered by
George Stigler (1971) and refined by Sam Peltzman (1976) and Gary
Becker (1985) that analyzes the role the state plays in redistrib...
CHINA’S DEFENSE OF THE PEG PERPETUATES CENTRAL PLANNING
RMB exchange rate floating exchange rates
2008/11/6
China has maintained a nearly fixed exchange rate of 8.26 renminbi
(RMB) to the U.S. dollar since 1994, in spite of the near total collapse
of practically every other fixed exchange rate regime over...