Independent Review

Community newspaper.

Articles from Vol. 6, No. 2, Fall

Conning Congress: Privacy and the 1994 Communications Assistance for Law Enforcement Act
Despite a benign-sounding rifle, the 1994 federal Communications Assistance for Law Enforcement Act (CALEA) (1) is emblematic of today's ubiquitous government encroachment on the privacy of Americans. Although represented prior to passage as an innocuous...
Financial Crashes in the Globalization Era
On December 20, 1994, after more than a year of ballooning loan defaults punctuated by several political crises, Finance Secretary Jaime Serra Puche of Mexico announced that his government's target exchange rate for the Mexican currency would fall...
Market Discipline in Bank Regulation: Panacea or Paradox?
Central bankers speak of three pillars supporting the achievement of their objectives: regulation, supervision, and market discipline. Recently, the third pillar--market discipline--has received greater attention as the increasing size and complexity...
Mutual Deposit Insurance: Other Lessons from the Record
In the wake of the savings and loan crisis, many proposals to reform the deposit insurance system have been made. Bert Ely (1999) has advocated one of the more sweeping proposals: move to a system of private insurance in which banks would guarantee...
Taxation, Forced Labor, and Theft: Comment. (Controversy)
Libertarianism is not as monolithic an ideology as many people believe. though all libertarians would agree that taxes should be low, there is a strong purist view that taxation itself is illegitimate. As Edward Feser notes in the fall 2000 issue of...
Taxation, Forced Labor, and Theft: Reply. (Controversy)
In his comment on my recent article on taxation and theft (Feser 2000), James Rolph Edwards correctly notes that the provision of public goods--such as police protection, national defense, and courts of law--is an issue with which any critique of taxation...
The Cold War Is over, but U.S. Preparation for It Continues. (Etceteras ...)
As George W. Bush's administration took office in January 2001, you could almost hear the sighs of relief coming from the Pentagon and the corporate headquarters of Lockheed Martin, Boeing, Raytheon, General Dynamics, Northrup Grumman, Litton Industries,...
To Drill or Not to Drill: Let the Environmentalists Decide
High prices of gasoline and heating oil have made drilling for oil in Alaska's Arctic National Wildlife Refuge (ANWR) an important issue. ANWR is the largest of Alaska's sixteen national wildlife refuges, containing 19.6 million acres. It also contains...