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Blowing Up The WTO

Carbon tariff regimes are recipes for global trade wars. Any attempt by Canada to impose a tariff to offset developing country regulatory practice would contravene global trade law. To figure out the appropriate tax level would require a mind-blowingly elaborate carbon-measurement scheme, created on a global scale.

Has His Reason

As an economics professor at the Naval Postgraduate School and former advisor to President Reagan, Henderson shatters the stereotype that individuals who comprise the anti-war movement all drive hybrids and listen to NPR.

But capitalism and non-interventionist foreign policy go hand-in-hand, he says. Just as the government shouldn’t intervene in the economic affairs of its own citizens, he says, it also shouldn’t intervene in the political affairs of foreign nations.

Victoria Unlocks Vast Tracts For Housing

Australia’s State cabinet decided to speed up the release of residential land after receiving what one Government insider dubbed a “big wake-up call” about the extent of Melbourne’s population boom. Premier John Brumby will announce today that all available land within Melbourne’s urban growth boundary will be zoned residential — one of the biggest land releases in the city’s history — in a bid to give more young families and first-time buyers the chance to get into the property market.

The New Road to Serfdom

Why would governments support the theory of potentially disastrous man-made climate change? It was a combination of the success of the environmental Left — in particular activist non-governmental organizations — in stoking the concerns of the electorate, and of the desire of bureaucrats and policy-makers to stay relevant, busy and in power.

Fed’s Innovative – Or Hazardous – Strategy

>The Federal Reserve had to do some fancy footwork Friday to rush its margin support to Bear Stearns, judging by a sketch of the operation provided by a senior Fed staffer. David Henderson, a research fellow with Stanford’s Hoover Institution, said the Fed should let Bear Stearns fail because all the investments involved are complex financial paper being swapped back and forth among high-rollers who are capable of working out deals themselves.