For many people, owning a business is the very definition of the American dream. But in today’s America, that dream is made increasingly difficult by laws and regulations that interfere with entrepreneurs and their right to earn a living providing valuable goods and services through voluntary exchange. The Founding Fathers considered economic liberty to be a fundamental human right, yet the protections established by English law and later American law were largely stripped away by the collectivist political philosophy of Progressive-era judges. What exactly have we lost, and how can it be restored? Can members of the Supreme Court reverse the damage that their predecessors unleashed? Can Congress address these problems effectively or does the Supreme Court’s interpretation of the Constitution stand in the way? And what are the prospects that decisions in the next Court term, which begins in October, will advance economic liberty?
Featuring Holly Bell, Associate Professor (Business), University of Alaska Anchorage; and Hester Peirce, Senior Research Fellow, Mercatus Center; moderated by Louise C. Bennetts, Associate Director, Financial Regulation Studies, Cato Institute.
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In this issue of Regulation, Jonathan H. Adler and Nathaniel Stewart make the case for property-based fishery management, utilizing territorial or catch-share allocation among fishery participants. Also in this issue, Michael L. Wachter explores the relationship between the much-maligned National Labor Relations Act and the decline in union membership.
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