"One of the things which I do not understand is the appalling pessimism within the American Right. I realize that a lot of promoters are cashing in on this pessimism. They get rich by preaching that everything is going to hell in a handbasket. Everything is not going to hell in a handbasket. Communism and Fabian socialism went to hell in a handbasket. Keynesianism is going to hell in a handbasket. Liberty isn't."

When a legislature interferes with voluntary employment contracts, it infringes people’s freedom to bargain with their own labor and possessions. Treating this kind of interference as acceptable means licensing arbitrary interventions into the market by politicians, who are ill-equipped to second-guess the decisions made by the real people making work agreements with one another.

Compare the United States of 2012 to the United States of 1962. In 1962, the government regulated the price and route of every airplane, every freight train, every truck and every merchant ship in the United States, the price of natural gas, the interest on every checking account, and the commission on every purchase or sale of stock. Owning a gold bar was a serious crime. The top rate of income tax was 91%. It was illegal to own a telephone. All young men were subject to the military draft, etc.

The constitutional chamber of Honduras' Supreme Court ruled Wednesday that privately run cities in the Central American country would be unconstitutional, threatening a project to build "model cities" with their own police, laws, government and tax systems. The five-judge panel voted 4-to-1 in a ruling that goes against the Honduran government and the country's elite. Because the decision was not unanimous, the case now goes to the full 15-member Supreme Court, which is expected to take it up within 10 days.

A new car service called YourMechanic is taking aim at the old school repair shop. Its strategy is a disruptive peer-to-peer model, which lets drivers research and book appointments with mechanics online without having to go through shop owners. Rather than fill out a form and wait for help, car owners simply tell YourMechanic what's wrong, describe the year, make, and model of their car, and then provide their contact info.