Bill Gates is the world's richest person, but what kind of power does he have over you? Can he force your kid to go to a school you do not want him to attend? Can he deny you the right to braid hair in your home for a living? It turns out that a local politician, who might deny us the right to earn a living and dictates which school our kid attends, has far greater power over our lives than any rich person. Rich people can gain power over us, but to do so, they must get permission from our elected representatives at the federal, state or local levels. For example, I might wish to purchase sugar from a Caribbean producer, but America's sugar lobby pays congressmen hundreds of thousands of dollars in campaign contributions to impose sugar import tariffs and quotas, forcing me and every ot...
[...] business people (including agribusiness people) have lobbied for regulations, licensing, price floors, price ceilings, codes, inspection, tariffs, import quotas, subsidies, loan guarantees, taxes, tax exemptions, eminent domain, and more. While "progressive" inteUectuals saw opportunities for power and prestige in the rise of American-style corporatism, they were riding the coattails of the Morgans, Rockefellers, Carnegies, and others who turned to the state to tame unruly (read: competitive) markets.
... 1984, Walker was convinced that it was important to differentiate between economic freedom and othe... the degree to which countries impose tariffs, exchange rate controls, and other regulations tha... imposing high tariffs, restrictive import quotas, exchange rate and capital market controls, and co...
... the complex arrangement of price supports, import quotas, tariffs, loans, and marketing allotments t...
THIS summer, the huge Boeing assembly plant in North Charleston, S.C. will begin producing 787 Dreamliners -- up to three a month, priced at $185 million each -- unless the National Labor Relations Board, controlled by Democrats and encouraged by President Barack Obama's silence, gets its way. Last month, with the $2 billion factory nearing completion, the NLRB, agreeing with the International Association of Machinists and Aerospace Workers, charged that Boeing was violating its contract with its unionized workers in Washington state, where Dreamliners are assembled and still will be even after the South Carolina plant starts up. The NLRB read the 1935 Wagner Act perversely, disregarded almost half a century of NLRB and Supreme Court rulings and patently misrepresented statements by Boe...
... of the government through subsidies, tariffs and import quotas, unions unable to win workers' a...
RONALD REAGAN warned that "Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it." But he failed to point out that the latter is often most harmful. Government at all levels intervenes in the economy with subsidies to encourage us to make choices seen as beneficial, but those choices are rarely as wise as the choices of the marketplace, and there are always unintended consequences.
...; regulations that suppress competition; quotas on imports; and directed matching funds such as th...Sugar Act, a system of import tariffs and quotas that subsidize domestic sugar producers...
... to: changes in laws, regulations, rules, quotas, tariffs and import laws; weather conditions that ...
PEORIA, Ill. and OAK CREEK, Wis., May 20, 2011 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) and Bucyrus International, Inc. (NASDAQ: BUCY) received notification from the United States Department of Justice (DOJ) that it has closed its investigation into Caterpillar's planned . The DOJ action, in addition to the expiration of the Hart-Scott-Rodino Act waiting period, concludes the antitrust review process in the United States. The clearance by the DOJ will allow the acquisition, valued at approximately $8.6 billion (including net debt), to proceed as soon as all other conditions to closing have been satisfied. The transaction is expected to close in mid-2011. We were very pleased to hear this positive news from the Department of Justice about this strategic acquisi...
... and CEO, said, "This is a critical and important step as we move toward closing this historic trans... on repatriation of earnings, burdensome tariffs or quotas, national and international conflict, in...
Public opinion polls reveal that the attitude of the general public toward free trade is not simply one of either being for free trade or for protectionism. Questions asking about free trade in principle reveal support for free trade, albeit not as strong as economists'. However, questions asking about free trade in practice reveal strong reservations. That is, when people get to specific trade disputes, public support for free trade tends to crumble, whereas economists rarely support trade restriction in specific disputes. Two principles, it is believed, explain the gap between the economist's view and the public's view on trade. Journalists are urged to keep two principles - the simultaneity principle and the political-favors principle - in mind when reporting on trade issues. The fir...
... with the proposition that the use of tariffs and import quotas reduced the average standard of ...
THIS summer, the huge Boeing assembly plant in North Charleston, S.C. will begin producing 787 Dreamliners -- up to three a month, priced at $185 million each -- unless the National Labor Relations Board, controlled by Democrats and encouraged by President Barack Obama's silence, gets its way. Last month, with the $2 billion factory nearing completion, the NLRB, agreeing with the International Association of Machinists and Aerospace Workers, charged that Boeing was violating its contract with its unionized workers in Washington state, where Dreamliners are assembled and still will be even after the South Carolina plant starts up. The NLRB read the 1935 Wagner Act perversely, disregarded almost half a century of NLRB and Supreme Court rulings and patently misrepresented statements by Boe...
... of the government through subsidies, tariffs and import quotas, unions unable to win workers' a...
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