This article was published in the February 1988 issue of The Freeman. $ $ $ Proponents of government regulation often overlook the many ways in which the free market itself polices producers, without the need for government involvement. Let us make a quick survey of these ways, in the hope that it will help us…
This article was published in the October 1987 issue of The Freeman. $ $ $ Since the Challenger Shuttle disaster effectively grounded America’s space program in January 1986, President Reagan has increasingly called for private businesses to enter the space industry. Space Services Inc., which made a successful test launch in 1982, plans to begin…
This article was published in the September 1987 issue of The Freeman. $ $ $ The last quarter of the nineteenth century was a turning point for American capitalism. Just when free enterprise seemed to be enjoying its greatest success—with technological advances creating many new industries, opportunities opening for millions of workers, and living standards…
This article was published in the June 1987 issue of The Freeman. $ $ $ During the 1970s Houston’s population grew by an average of 36,000 per year. This pace accelerated during the early 1980s as oil prices skyrocketed and Houston’s economy boomed. Jobs and opportunities were plentiful, which combined with the subtropical climate to…
This article was published in the April 1987 issue of The Freeman. $ $ $ Proponents of government programs often contend that the services provided by government could not be furnished by the private sector. It is in the public interest, they argue, that the government compel individuals to support these programs with their tax…