One thing we know from centuries of history is that if the government has revenue to spend, it will spend it. - David R. Henderson

It is not always easy to define property rights. What is striking, though, is how often government legislation and court rulings have prevented the common law system from handling pollution problems even when common law seemed to be working well toward resolving them.

The efficacy regulations on drugs, economists have found in countless studies, have delayed the introduction of new drugs by years and added hundreds of millions of dollars to the cost of developing a typical new drug.

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.