$20 Billion in Water Projects Approved by House

AUGUST 02, 2007

The House overwhelmingly passed a $20 billion water projects bill Wednesday night despite a promised veto by President Bush, who complains the bill is laden with costly pet projects and shifts new costs onto the government…. This year’s bill includes some $3.5 billion for Katrina-damaged Louisiana, plus more than $2 billion for projects in California and $2 billion for Florida, mostly for restoring the Everglades. Another $1.95 billion is included for seven new locks on the upper Mississippi and Illinois rivers and $1.7 billion for repairing the region’s ecology. (USA Today, Thursday)

All of it to be well spent this time — really.

FEE Timely Classic
Water Markets Are the Answer (pdf) by Charles Oliver


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April 2014

Around the world, people are struggling to throw off authoritarianism, with deeply mixed results. From Egypt to Venezuela, determined people build networks to overthrow their regimes, but as yet we have not learned to live without Leviathan. In this issue, Michael Malice and Gary Dudney discuss their glimpses inside totalitarian regimes, while Sarah Skwire and Michael Nolan look at how totalitarian regimes grind down the individual--and how individuals fight back. Plus, Jeffrey Tucker identifies a strain in libertarianism that, left unchecked, could reduce even our vibrant movement to something that is analogous to the grim aesthetic of architectural brutalism. The struggle for our lives and freedom is a struggle for beauty; it begins inside each of us.
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Which Way Do You Lean on Economic Theory?

Whose approach do you find yourself taking more often, Mises's or Friedman's? Read both quotes and choose the one that aligns with your opinion of what makes for good economics.