30 years ago in reason."The whole idea of 'guiding' private industry by announcing beforehand what quantities of different goods firms ought to produce over a long period of the future is a muddle Muddle - Original name of MDL. from beginning to end." --F.A. Hayek, "'Planning' Our Way to Serfdom serfdom In medieval Europe, condition of a tenant farmer who was bound to a hereditary plot of land and to the will of his landlord. Serfs differed from slaves in that slaves could be bought and sold without reference to land, whereas serfs changed lords only when the land " "A district court judge in Boston declared unconstitutional the Massachusetts law banning the use of cocaine. Judge Elwood McKinney stated that the law violates the 5th and 14th Amendments, in dismissing a case against a Roxbury man. The judge pointed out in passing that cocaine is far less dangerous than cigarettes or alcohol." --"Easing Drug Laws" "OPEC OPEC: see Organization of Petroleum Exporting Countries. OPEC in full Organization of the Petroleum Exporting Countries Multinational organization established in 1960 to coordinate the petroleum production and export policies of its never would have gotten off the ground without the diligent efforts of the Federal Power Commission.... [It] has controlled the wellhead well·head n. 1. The source of a well or stream. 2. A principal source; a fountainhead. 3. The structure built over a well. wellhead Noun 1. price of natural gas sold to interstate pipelines since 1954, and domestic crude oil has been under some sort of price controls since even before 1971. The inevitable result was that demand outran out·ran v. Past tense of outrun. supply at the controlled prices, leaving a gap that could only be filled by larger and larger imports." --Alan Reynolds, "Energy Crisis: Made in Washington" --March 1977 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion