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I, Pencil

by Mark A. Monoscalco “I, Pencil” is an incredible essay written by Leonard E. Read that was first published in 1958. Milton Friedman said this about “I, Pencil”: “I know of no other piece of literature that so succinctly, persuasively,...

A Letter to Santa Claus

On 6/21/12 the Court of Justice of the European Union handed down a ruling on a labor law case involving department store workers in Spain.  The workers originally won their case in a Spanish court. The National Association of Large Distribution Businesses appealed to...

Don’t Fence Me In

As you may remember Facebook co-founder Eduardo Saverin has renounced his U.S. citizenship (see an earlier post in this blog The wretched refuse of our teeming shore). This has caused a reaction in Washington D.C.  Senator Charles Schumer and Senator Bob Casey have...

The Taylor Rule

by Mark A. Monoscalco In the 4/23/12 issue of Barron’s Gene Epstein interviews Stanford University economics professor John Taylor. The complete interview is at this link:   Fiscal Follies, Monetary Mischief John Taylor is perhaps best-known as the creator...

Involuntary Servitude

by Mark A. Monoscalco The following article appears in the 5/10/12 issue of the Washington Times: Labor bosses demand their dues This article describes some of the battles workers are fighting to free themselves from the corruption of organized labor.  Some of...