Op-Eds
‘The Ring’ Free Market Classic
During this last week, thousands of Washingtonians have flocked to one of the world’s greatest artistic events, ‘The Ring” by Richard Wagner. Much has…
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Biotechnology Flirts with the Regulators
Biotechnology, like other unfamiliar high tech industries, offers great hopes but arouses even greater fears. Politicians, the record proves, are far more likely to respond to…
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Cap The Financial Black Holes
A consensus is emerging that the rate of U.S. thrift and bank failures stems in large part from the perverse incentives of Federal Deposit…
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The Suicidal Corporation: Two Cheers!
Smith book review for The World and I…
Op-Eds
Is Rent Control’s Lease Over?
In 1921, the Supreme Court issued its finst rent control decision. In a 5-4 opinion by Justice Oliver Wendell Holmes, the Court upheld a…
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What’s Wrong With Business Lobbyists
Fred Smith Op-Ed in the Wall Street Journal, January 16, 1986…
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Rethinking Superfund
Manhattan Report—What are the origins of Superfund? Fred Smith—The Superfund law—the Comprehensive Environmental Response, Compensation, and Liability Act—was passed by Congress in 1980 in the…
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An Antitrust Route to Re-regulation
From telecommunications to airlines and railroads, from banking to natural gas, from trucking to broadcasting, partial deregulation has changed the U.S. economic landscape for…
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Taxpayers Tied to the Tracks
Full article available in pdf. In the latest episode of the Perils of Pauline, the villain, (a.k.a., Amtrak—the most heavily subsidized…
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Beyond Superfund
Please click on link above to obtain .pdf of the article. Expansion of the Superfund for toxic-waste cleanup now appears to have been deferred…
The Politics of IMF Lending
The Politics of IMF Lending
Full Document Available in PDF I. Introduction The 1983 debate over increasing the funding of the International Monetary Fund (IMF) reflects the…
The Politics of IMF Lending
Watt vs Peterson
Most editorial comment on the running argument between Interior Secretary James G. Watt and Russell W. Peterson, president of the National Audubon Society, totally misses…
Op-Eds
Corporate Bankruptcy Needs A Fresh Market Review
Full Article Available in PDF Format THE RECENT SPATE OF bankrupt cies involving large corporations has triggered a new…
The Politics of IMF Lending
How the IMF Could Become a Real S&P for International Debt
Should the U.S, donate an added $8.4 billion- to the International Monetary Fund? IMF opponents, of course, answer “No,” They claim that increased- IMF funding…
Op-Eds
Why Not Abolish Antitrust?
Full Article Available in PDF Format Deregulators appear to be of two minds about antitrust. They denounce the actual practice…