Introduction to the 2011 Edition

The Penal Leviathan: What Wacquant And Rothbard Reveal About Modern Punishment Authored by Luc Lelièvre via Mises Institute, Loïc Wacquant and Murray Rothbard come from completely different worlds. Wacquant, in Punishing the Poor (2009), analyzes how modern states manage marginalized populations through policing and incarceration. Rothbard, in The Ethics of Liberty (1982), argues that the state is a monopoly of coercion and that real justice means restitution to victims rather than punishment imposed by the government. At first glance, they seem to have nothing in common. Yet, when you look closely...

Governor Powell By Philip Marey, senior US strategist at Rabobank Summary As widely expected, the FOMC remained on hold. Governor Miran dissented again because he wanted a rate cut. However, there were also three dissenters (Hammack, Kashkari and Logan) who wanted to remove the bias toward cutting from the statement. On balance, Powell said that the center of the Committee was moving toward a more neutral place in thinking about cuts versus hikes. Powell announced that this was his last press conference as Chair, but he would stay on as a Governor until he thinks...

Enes Kanter Freedom Files Lawsuit After Chicago Sky Ejection, Ban Authored by Timothy Frudd via The Epoch Times, Former NBA player Enes Kanter Freedom filed a lawsuit on Sept. 3 after he was ejected during a Women's National Basketball Association (WNBA) game and banned from future games. Kanter Freedom sued the Chicago Women's Basketball Operations, LLC, which operates the Chicago Sky. The Metropolitan Pier and Exposition Authority and the City of Chicago were also named in the complaint. The lawsuit alleged that the three entities conspired and acted together to discriminate against Kanter...