It is not always easy to define property rights. What is striking, though, is how often government legislation and court rulings have prevented the c… - David R. Henderson

Barbara Walters asked Ronald Reagan, what do you think about the Soviet Union and how much of a threat they are to us and to our freedom. And he said, ‘They’re a threat, but the biggest threat to our freedom is our own governments.’ And I agree with him. It’s governments at every level in the United States right now and in most of the world that are assaulting freedom daily.

The government’s monopoly is what has allowed it to produce so bad a product for so long.

Many people at various points on the political spectrum have claimed that the U.S. thirst for oil is so great that, unless we change our habits (the left emphasizes conservation, and the right emphasizes drilling in the Arctic wildlife refuge and elsewhere), the U.S. government will find itself drawn into wars to maintain access. This thinking shows a fundamental misunderstanding of how energy markets work. There is no good case for going to war over oil.