Izzit Teachers of the Year Celebration

            Last Wednesday in Chicago, we wined and dined our Teachersof the Year. We’ll be adding more pictures in the next few days, but let’sstart with this: the dinner menu created especially for our Teachers at Smith& Wollensky. Everything you’ve ever heard about the restaurant is true. Thefood was awesome. The beef melted in our mouths. We’re proud of our Teachers ofthe Year, and are delighted we had the chance to share such a fantastic mealwith them in Chicago.

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FEE: Tobacco Speakeasy; Prohibition Lite Is Making RYO Cigarettes All the Rage

            by JEFFREY TUCKER             A month ago, I was sitting with some college students for lunch. After we ate, two of them took out loose-leaf tobacco and rolling papers, with filters and all. They started rolling cigarettes at the table. In some way, it looked more like poverty than a charming anachronism. Puzzled, I asked why they were doing this.             The answer was what I feared: Thanks to taxes, no student can really afford pre-rolled cigarettes anymore. You can avoid those taxes by rolling your own for a fraction of the price.             And so it has come to be. …

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Cafe Hayek: The Full Flower of Free Trade

            by DON BOUDREAUX My former student Charlie Wang kindly requests that I re-post a link to my November 2010 EconLib essay, �Free Trade and Globalization: More than �Just Stuff�; my vanity compels me to oblige Charlie�s request.  Here�s my conclusion: The fear that globalization makes the world less interesting culturally is baseless. The effect of free trade is twofold: first, it gives us more prosperity and, second, this prosperity creates diversity and dynamism. Both of these effects are good reasons for opposing the antediluvians who would obstruct international trade.

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