Any energy coming from Republicans these days is because of the large failure of Barack Obama and liberal Democrats’ political agenda and because of the libertarian wing of the GOP and its focus on civil liberties, foreign policy, and fiscal rectitude. It’s not because cultural warriors are getting the vapors over the gays or drugs or the need to triple defense spending.
Ilya Shapiro, “IRS Illegally Expands Obamacare:”
Cato and the Pacific Research Institute have now filed an amicus brief supporting the plaintiffs on their appeal to the U.S. Court of Appeals for the D.C. Circuit. While it is manifestly the province of the judiciary to say “what the law is,” where the law’s text leaves no question as to its meaning—as is the case here with the phrase “established by the State”—it is neither right nor proper for a court to replace the laws passed by Congress with those of its own invention or the invention of civil servants. If Congress wants to extend the tax credit beyond the terms of the Affordable Care Act, it can do so by passing new legislation. The only reason for executive-branch officials not to go back to Congress for clarification, and instead legislate by fiat, is to bypass the democratic process, thereby undermining constitutional separation of powers.
Todd Zywicki, “Dionne v. Hayek:”
So why is central planning not only unwise, but dangerous to liberty? This is Hayek’s key insight that escapes Dionne… Hayek’s great insight was that moving economic decision-making from individual decision-making through the market to collective decision-making through the state does not eliminate the economic problem. The reality of economics is still present: scarce resources and unlimited wants. The only question is “Who decides?” Do you decide for yourself (through markets) or does someone else decide for you (through politics)?
Doug Bandow, “Free the Inside Traders:”
Objectively, the insider trading ban makes no sense. It creates an arcane distinction between “non-public” and “public” information. It presumes that investors should possess equal information and never know more than anyone else.
It punishes traders for seeking to gain information known to some people but not to everyone. It inhibits people from acting on and markets from reacting to the latest information.