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Making Economic Sense

Index
(Prepared by Thomas E. Woods, Jr.)

A

Abortion, 148ff., 412-13
Abscam, 177
Absolutism, 345
Accountants, 216
ACT-UP, 365
Adams, Ted, 318
Affirmative action, 118, 363, 416
Affluent Society, The, 145, 202
AFL-CIO, 134
Africa, 89, 150
Afrikaners, 374
Agricultural Labor Relations Act (California), 140
Agriculture, 85, 90-91, 109-10
Air conditioning, 100
Air traffic controllers, 187
Airline Deregulation Act, 187
Airlines, 29, 187ff.
Airports, 187ff.
Albania, 356
Alexander, Lamar, 83
Alexis de Tocqueville Institution, 407
Alinsky, Saul, 140
Allen, George, 160
Altman, Roger, 118
Aluminum industry, 121
American Civil Liberties Union (ACLU), 146
American Eagle (coin), 298
American Enterprise Institute, 407
American Legion, 114
American Medical Association, 80
American Revolution, 158
"American System," 184ff.
Americans with Disabilities Act, 304, 360
Amin, Idi, 212
Andrews, William H., 374
Angell, Wayne, 335ff.
Angola, 321
Appalachia, 71
Aquaculture, 91-92
Arabian Peninsula, 325
Aramco, 328ff.
ARCO, 323
Arizona, 212
Army, U.S., 125, 166, 329
Asia, 89, 150, 276
Asian Law Caucus, 341
Assad, Hafez, 327
Associated Press, 420
Auburn University, 386
Auschwitz, 184
Austrian Economics Newsletter, 386
Austrian Institute for Business Cycle Research, 376
Austrian School, 40, 42, 161, 245
        business cycle theory of, 175, 275, 376
        definition of money supply held by, 290
        Ludwig Lachmann as nominal member, 376
        on deflation, 333
        on inflation, 288
        on mathematical economics, 37
        on taxation, 225, 236
        policy during recession, 174
        praxeology as method of, 388
        promoted by Mises Institute, 384ff.
        renaissance of, 378
        Reagan administration and, 120
        Review of Austrian Economics and, 385
        statistical analysis and, 233
        W. H. Hutt as sympathizer, 376
Automobiles, 195ff.
Away From Freedom, 380

B

Babbitt, Bruce, 212ff.
Babies, 149
Bacon, Francis, 232, 234
Baker, James, 56, 110, 266, 272, 273
Balanced Budget Amendment, 113, 225ff., 364, 366ff.
Baldwin, Henry, 315
Balladur, Eduard, 260ff.
Baltic states, 396
Bancor, 110, 254, 259, 271
Bank, Banking, 242ff., 281ff.
        assets of, 278
        central, 26, 110, 222, 254, 269, 305
        collapse, 248-249
        corporate takeovers and, 178 credit, 22, 52, 107, 122, 168, 174, 239, 246ff.
        European Community and, 222
        fractional-reserve, 247, 248, 278ff., 281ff., 284, 287, 297, 333
        in Poland, 358
        loans, 43, 275
        of France, 260
        of New England, 277, 279 [p. 426]
        100% reserve, 288
        reserves, 22, 43, 168
        run, 277ff., 280ff.
        taxation on, 284
Baruch, Bernard, 274, 359
Beard, Charles A., 310
Bechtel, 329
Becker, Dan, 196
Becker, Gary, 119
Becker, Horace, 193
Beijing, 349
Belsen, 184
Bennett, Pauline, 96
Bennett, William, 407-8
Bentsen, Lloyd, 151ff.
Berle, Adolf, 178-79
Bernstein, Edward M., 259, 272
Black, Angus, 319
Black, Hugo, 115
Black markets, 124, 130, 240, 325
Black Monday, 42, 44, 171ff.
Blackstone Group, 118
Blue Cross, 78-79
Bolshevik Revolution, 361
Bond market, 169, 170, 273ff., 358
Bonds, 168ff., 178, 185, 287, 297
        junk, 178, 246
        Treasury, 74, 169, 170
Boston, 297
Bosworth, Barry, 126
Boulding, Kenneth E., 149, 377
Boycott, see grapes
Boyd, Steven R., 160
"Bracket creep," 33-34
Bradford, M.E., 162
Bradley, Bill, 153, 257
Brady Bill, 363, 416
Brady, Nicholas, 45, 283
Brazil, 167, 237, 239
Brennan, William, 115
Bretton Woods, 50, 110, 254, 255, 257, 258, 266-67, 271, 272, 336
Brezhnev, Leonid, 119
Bricker Amendment, 309
Bricker, John, 399
Brinkley, David, 306
British Petroleum, 329
Broder, David, 363
Brookings Institution, 357
Brown, Jerry, 140
Brown, Kathleen, 408
Browne, Tom, 97
Brussels, 222, 262, 304, 308, 310
Buchanan, Patrick J., 160-61
        on foreign aid, 306
        on trade, 303
Budapest Bank, 358
Budget, federal, 32
        agreement of 1990, 415
Bill Clinton and, 166
        "cuts" as disingenuous, 33
        debates over, 223ff.
        exclusion of "capital" items from, 226
Buffett, Howard, 169
Buffett, Warren, 169
Bundesbank, 260, 263
Bunton, Lucius, 93
Bureau of Alcohol, Tobacco, and Firearms (BATF), 152
Burns, Arthur E, 117, 233
Burundi, 150
Bush Administration, 84, 117, 186, 236
        Persian Gulf War and, 322
        on S&Ls, 284
        on trade, 303, 314
Bush, George, 30, 39, 83, 95, 107, 308, 397-98, 403-4
        as Keynesian, 56, 108ff., 241ff.
        as moderate Republican, 364
        as similar to Dukakis, 108ff.
        economic policy of, 106, 120, 415
        NAFTA and, 309
        oil and, 328
        on deficit, 243
        on foreign aid, 305-06
        on minimum wage, 132
        on prenatal care, 65
        on "revenue neutrality," 244
        on saving., 47
        on spending, 243
        on taxation, 73, 211, 283, 363
        on trade, 307, 417
        Persian Gulf War and, 222, 325, 360
Business, 121
        big, 153, 154, 193-94, 311, 359, 401, 407
        partnerships with government, 183ff.
        small, 193-94
Business cycle, 15, 44, 279
        Austrian theory of, 175, 275, 376
        Establishment view of, 234
        NBER on, 166, 225, 231ff., 235ff.
Butcher, Willard C., 259
Butterfly Effect, 36
Byrd, Robert, 368

C

Cable television, 126
Cadillac, 196
Calculus, 36
Calhoun, John C., 410
California, 85ff., 153ff., 406ff.
Cambodia, 347
Cambridge University, 377
Campaign of 1992, 15
Canada, 265
        U.S. trade with, 304
Cannan, Edwin, 373
Cape Town, University of, 373 [p. 427]
Capital, 28, 143, 150, 178, 180
        gains, 46, 47, 84
        market, 44, 122, 143, 170
Capitalism, 145
        as antidote for racism, 319
        effects on culture, 160
        falling prices as benefit of, 238
        state, 332ff.
Capitalism and the Historians, 374
Carey, Henry C., 315
Carey, Matthew, 315
Cargo Cult, 166
Carlson, Chester, 193
Carnegie Foundation, 80
Cartel airline, 187, 190ff.
American Medical Association as, 80
        as unstable, 320
        diamonds, 319
        effect on prices, 319
        gun regulation as creating, 151ff.
        NAFTA as, 313
        welfare state as promoting, 87
Carter, Jimmy, 32, 100, 109, 124, 126, 189, 202
Cato Institute, 407
Change-NY, 60-61
Chaos theory, 35ff.
Chase Manhattan, 259, 329
Chase, Salmon P., 185
Chavez, Cesar, 139
Chemical industry, 121
Chevron, 329
Chicago, 70, 124, 297
Chicago Tribune Co., 135
Chicago School, 48, 237
        on inflation, 288
        on unions, 375
Child care, 60, 62, 205-06
Child Care Act, 360
Children's Defense Fund, 65
China, 88, 123, 148, 150, 346, 348, 356
Chodorov, Frank, 216
Christianity, 402
Chronicles, 201
Citibank, 329
Citizen Action, 323
City University of New York, 146
Civil Aeronautics Board, 109, 187ff.
Civil rights, 131, 360, 415-16
Civil Rights Act (1991), 304
Civil Service, 410
Civil War, 25, 90, 159, 160ff., 184ff., 359
Clean Air Act (1990), 304, 360
Cleveland, 297
Clinton Administration, 197
        as campaigner, 15
        as ideologue, 364, 365
        Brady Bill and, 151
        economic policy of, 116ff., 119ff., 165ff.
        "economic summit" of, 208
        monetary policy of, 269ff.
        on Cesar Chavez, 139
        on crime, 151
        on environmentalism, 94
        on free speech, 195
        on gasoline tax, 211
        on gun control, 151
        on health care, 127
        on lobbying, 195
        on NAFTA, 309, 311, 418
        on national service, 151
        on price controls, 126
        on welfare, 62-63
        public opposition to, 194, 361, 364, 394, 404
Clinton, Bill, 150, 308, 363, 393, 404, 417, 420
        see also Clinton Administration
Clinton, Hillary, 119
        as ideologue, 364, 365, 404
Coast Guard, 340
Coelho, Tony, 347
Cold War, 327
Collective bargaining, 138
Collectivism, 129, 151
        War, 359ff.
        see also Communism; Socialism
Columbia University, 38, 124, 162
Columbus, Christopher, 157
Commerce, Department of, 314ff.
Communism, Communist, 32, 88, 119, 124, 125, 131, 149, 162, 171
        collapse of, 347, 395
        conservatives on, 351
        foreign aid directed against, 305
        Frank Chodorov on, 216-17
        Harry Dexter White as, 254
        in Poland, 330ff., 350
        of South Africa, 374
        refugees from, 340
        reversibility of, 351
        socialism and, 347
        transition from, 350ff.
Communist Party, 352, 395
Competitive Enterprise Institute, 311, 407
Computers, 15, 26, 39, 109, 130, 172
Conda, Cesar, 407
Congress, U.S. and constitutional spending power, 368
Conservatives, 160, 409
        English, 310
        German, 310
        on alleged permanence of Communism, 351
        on education vouchers, 153ff.
        "quick fixes" and, 365ff.
Consols, 170
Constitution, U.S., 111ff., 116, 159, 404-14 [p. 428]
Consumers, 46, 86, 98ff., 121, 130-31
        effects of tariffs on, 314
        under socialism, 142
Consumption, 43, 46ff., 174, 203
Contract with America, 363ff.
Cooke, Jay, 185
Corporations, 121
        leveraged buyouts of, 178, 179
        takeovers of, 177, 179
Cortney, Philip, 383
Council of Economic Advisers, 202, 294
Credit cards, 242-43
Crime, 15, 70, 151, 360
Criollos, 332ff.
Cuango River, 321
Cuba, 140
Currency blocs, 256, 258
        convertibility, 355
        determination of value of, 261-62
        fiat, 44, 55, 167, 185, 222, 237, 238, 258, 268, 271
        Japanese, 255
        West European, 255
        world paper, 110, 222, 253ff., 271, 273, 305, 312
Currency and Credit Markets, 32
Czech Republic, 396

D

Daley, Richard, 70
Dallas, 297
D'Amato, A1, 242, 243
Darman, Richard, 283
DeBeers Consolidated Mines, 319ff.
Debt corporate, 246-47
        federal, 170
        in nineteenth-century Britain, 170
        of the states, 157
        repudiation of, 170-71
Deficit trade, 44, 173, 275, 303
Deficit, federal, 24, 34-35, 107
        as alleged cause of 1987 stock market crash, 173
Balanced Budget Amendment and, 366ff.
        effects of taxation on, 236
        effects on interest rates, 175
Keynesianism on, 241
        "off budget" items and, 226
        privatization as means of reducing, 143
        relationship to inflation, 19-20
        tax increases advanced as solution to, 21-22, 47, 211, 212ff., 225
Deflation, 26, 237ff., 247-48
Democracy, 50, 397
        analogy with taxation, 218
        economic freedom and, 346
        in Eastern Europe, 348
Democrat-Republican Party, 159
Democrats, 15, 73, 82, 83, 85, 109, 112, 117, 119, 120, 150, 293, 397-98, 404-5, 415
        during Civil War, 184
        in nineteenth century, 315
        on minimum wage, 132-33
        on NAFTA, 311
        on 1980s, 105
        public opposition to, 361ff., 394-95
        on recession, 236
Deng Hsiao-ping, 348, 349
Depreciation, accelerated, 215
Depression deflation blamed for, 238
        of early 1990s, 106-7
        of 1981, 24, 275-76
Depression, Great, 248, 264, 274ff.
        agricultural policy during, 85
        collectivist response to, 359
        confiscation of gold and, 298
        in Britain, 220
        Mises as predictor of, 377
Deregulation, 187, 285, 286, 363, 415-16
Desocialization, 142, 346-58, 395-96
        see also Privatization
Dewey, Thomas, 399
Dhahran, 329
Diamonds, 319ff.
Disney Corporation, 160ff.
Disney, Walt, 161
Do We Want Free Enterprise?, 380
Dole, Robert, 362, 364, 414
Dollar, 44, 107, 262, 269
        as international reserve currency, 254, 258-59, 264, 272
        as weight of gold, 253, 268, 288, 300
        confidence in, 227
        depreciation of, 255, 257, 316
        Federal Reserve and, 270
        Group of Seven and, 265-66
        investment in, 173, 265-66, 275
Dos Passos, John, 339
Drexel Burnham Lambert, 177, 182
Drug and Hospital Workers Union, 162
Dukakis, Michael, 30, 39, 108ff.
Duke University, 97
Dutch, 167-68
Dylan, Bob, 393

E

Eastern Airlines, 188
Eastman Kodak, 193
Economics of the Colour Bar, The, 374
Economist, The, 110
Economists conservative, 217, 226
        liberal and mainstream, 34-35, 45, 134, 165, 171ff., 201ff., 208, 245ff., 276, 289, 293, 311 [p. 429]


Education, 83, 119
        Department of, 110, 364
        egalitarianism and, 155
        in suburbs, 155
        private, 146, 156
        public, 146, 153ff., 366
        vouchers, 153ff., 366
Edwards Aquifer, 92
Efron, Bradley, 39
Egalitarianism education and, 155
        insider trading regulations and, 182
        public transportation and, 211
        taxation and, 219
        universal health care and, 129, 130
Eisenhower Administration, 33, 117, 398, 399
        on Bricker Amendment, 309
Eisner, Michael, 161
Election of 1988, 30, 39, 108ff.
        of 1992, 105, 212, 403-4
        of 1994, 15, 361, 393-421
Empower America, 414
Endangered Species Act, 93-94
Energy, Department of, 364
England, 150, 215, 315, 377
Enterprise zones, 71, 84
Entrepreneur, 76, 178, 181, 247
        macro function of, 238
Environmentalism, environmentalists, 118, 160
        free-market solutions, 90-101
        gill netting and, 341
NAFTA and, 309
        on the automobile, 196
Erhard, Ludwig, 354
Estonia, 346, 348
Ethiopia, 88
Europe, 202, 222, 254, 273, 305, 398
Eastern, 346-58
Western, 150, 183, 210, 255
European Central Bank, 221ff., 262-63
Currency System, 262
        currency unit, 110, 221ff., 262-63, 272
Economic Community, 222, 272, 304, 308
Exchange rates, 110
        fixed, 43, 44, 255ff., 266ff., 272
        fluctuating, 256-57, 267ff., 272
Gresham's Law and, 269
NAFTA and, 270
        under gold standard, 253, 268
Export-Import Bank, 328
Exports, 257, 269, 305, 308, 312
Ezell, Harold, 406

Fabians, 148
Factory Acts (Britain), 374
Fair Deal, 82
Famine, 87ff.
Farm workers, 139ff.
Farmers, 85ff., 93, 109
Federal Aviation Agency, 187ff.
Federal Communications Commission, 126
Federal Deposit Insurance Corporation, 248, 276ff., 281ff., 285, 297
Federal Emergency Management Agency, 95
Federal Home Loan Banks, 285
Federal Home Loan Board, 285
Federal Reserve Act, 274
Federal Reserve System, 50, 107, 109, 241, 257, 260, 278, 285, 417
        abolition contemplated, 283, 300
        as cartel, 186, 297
Contract with America and, 364
        inflation and, 20, 168, 282, 287
        interest rates and, 22-23, 42ff., 165, 174, 289
        monopoly of note issue of, 299 1988 crash and, 174ff.
        propping up dollar, 270
        "pushing on a string," 247-48
        response to recession, 242ff.
Federal Savings and Loan Insurance Corporation, 277, 280, 281ff., 285
Federalists, 159
Feigenbaum's Number, 36
Feminism, 17-18
Ferguson, Adam, 40, 42
Fertig, Bertha, 383
Fertig, Larry, 383
Feudalism, 345
Finn, Chester, 83
First Amendment, 114ff., 182
Fish, Lawrence K., 277
Fisher, Irving, 48, 107, 234, 237
Flag, U.S., 114ff.
Flew, Antony, 330
Flexner, Abraham, 80
Flexner Report, 80
Flexner, Simon, 80
Foley, Thomas, 418
Foner, Eric, 162
Foner, Philip S., 162
Food and Drug Administration, 196
Ford, Gerald, 117, 294
Forecasting, 23-24, 31-32
Foreign aid, 417
        as subsidy to export firms, 305, 308, 312
Contract with America on, 363
        directed against Communism, 305
Foreign policy, 417
Contract with America on, 364
Forman, Eric, 87 [p. 430]
Fort Knox, 299, 300
Foundation for Economic Education, 380
Franc, 260ff.
France, 89, 166, 260ff., 265, 273
Francis, Samuel, 412
Frankfurter, Felix, 138
Free Man's Library, The, 373
Free Market, The, 84, 108, 132, 386
Free Markets or Famine?, 381
Free speech, 114ff., 146, 182, 195, 412
French Revolution, 123, 139
Friedman, Benjamin, 202
Friedman, Jerome H., 40
Friedman, Milton, 48
        on "crowding out" effect, 21
        on government spending, 366
Friedmanites, See Monetarism From, A1, 364
Fujimori, Alberto, 332ff.
Fur Workers Union, 162

Galbraith, John Kenneth, 145, 176, 177, 202, 203, 266
Garcia, Hector, 332
Garrett, Garet, 388
Gasoline, 195
        conservation of, 209
        price of, 209, 322
        taxation of, 27, 208ff., 328
Gebert, Kostek, 352
General Electric, 359
General Theory, The, 48, 376, 377
Georgia, 158
Georgia State University, 289
Gerawan, Dan, 87
Gerawan Farming, 86-87
Germany, 35, 260, 270, 280, 292
Gingrich, Newt, 18, 237, 362ff., 414ff.
Glasnost, 346, 348
Global Agreement on Tariffs and Trade (GATT), 364, 411-12, 417, 418
Goering, Hermann, 120
Gold coins, minting of, 298
        coins, confiscation of, 298, 299
James Baker on, 266
        mining of, in South Africa, 318
        Treasury pricing of, 299
Gold standard, 44, 110, 264
        absence of inflation under, 167, 257
        as only sound monetary system, 253
        during Civil War, 185
        exchange rates under, 253, 268
        prices under, 237
        recommended for Soviet Union, 335ff.
Goldman Sachs International, 118, 182, 270
Goldwater, Barry, 399
Gorbachev, Mikhail, 240, 241, 337ff.
Gore, Albert, 94, 364
Gordon, David, 411
Gosbank (Soviet Union), 335ff.
Government partnerships with business, 183ff.
Graham, George, 66
Gramm-Rudman Deficit Reduction Act, 74, 113, 287
Grapes boycott of, 140ff., 319
Grayson, C. Jackson, 126
Great Britain, 89, 158, 166, 170, 184, 217ff., 220ff., 258, 260, 263ff., 265, 273
Great Society, 70, 82
Greenbacks, 315
Greenspan, Alan, 72, 74-75, 107, 109, 117, 174, 176, 289, 293ff., 297
Gresham's Law, 258, 259, 264, 267, 269
Gross National Product, 231
Group of Seven, 265-66
Gulag, 347
Gulf Oil, 329
Gun control, 15, 151ff., 363, 416
Gutfreund, John, 168
Gyoten, Toyo, 259

Haloid Co., 193
Hamilton, Alexander, 157ff.
Harding, Harry, 357
Harper's, 405
Harvard University, 61, 117, 202, 380
Hayashi, Dennis W., 341
Hayek, F.A., 40, 42, 349, 374, 376ff., 383, 387
Hazlitt, Frances, 383
Hazlitt, Henry, 365, 373, 383
Head Start, 60
Health and Human Services, Department of, 63, 64
Health care, 30, 62, 78ff., 126, 127ff.
        tax deductions for, 215, 366
        see also Medicine Helms, Jesse, 364
Heritage Foundation, 403, 407
Hicks, John R., 377
Highways, 210, 360
Hilary, Sir Edmond, 296
Himmler, Heinrich, 120
Hirst, Francis W., 373
History, 161
HMO (Health Maintenance Organization), 129
Hoffman, Matt, 311
Holland, 150
Homeless, 30, 67ff., 135, 195, 205
Homestead strike, 136
Hong Kong, 149, 172 [p. 431]
Hoover, Herbert, 105, 174, 359
Hopkins, Harry, 84
Hoppe, Hans-Hermann, 132
Hormats, Robert D., 270
Hotelling, Harold, 38
Housing, 30, 60, 107, 292
        public, 62, 68, 71, 83-84, 195
Housing and Urban Development, Department of, 195
Human capital, 119
Hungary, 346, 348, 357
Hurricane Hazel, 97
Hurricane Hugo, 95ff.
Hutt, W. H., 52, 373ff.
Hyperinflation in Asia, 276
        in Brazil, 167, 239
        in Germany, 35, 280, 292
        in Latin America, 276
        in Peru, 332
        in Poland, 167
        in Russia, 167
        in Third World, 107, 336
        under world paper currency, 254, 273
IBM, 193
Ibn Saud, 328ff.
Idaho, 91
Immigration, 15
        Contract with America and, 363
        of Vietnamese, 340ff.
        proposition 187 and, 406ff.
Imperialism, 89
Imports, 28-29, 109, 257, 266, 269, 276
Incas, 334
Income, 17
India, 327
Industrial policy, 118
Industrial Revolution, 25, 238, 345, 374
Infant mortality, 64ff.
Inflation, 15, 21-22, 53, 165, 168, 220, 235, 247, 269, 279, 285ff., 288ff., 290ff., 416-17
        absence of, under gold standard, 167, 257
        as counterfeiting, 274
        as wealth redistribution, 274
        as taxation, 274
        benefits to government of, 262
        as central to Keynesianism, 241
        bank run as check on, 282
        business cycle and, 107, 175, 189, 290
        confusion regarding, 354
        considered an antidote for recession, 174
        during nineteenth century, 185, 315
        during Reagan administration, 174, 273ff.
        during war, 25-26
        exchange rates and, 256-57
        expectations of, 23, 44, 276
Federal Reserve as cause of, 297
        in Brazil, 237, 239
        in China, 123
        in France, 273
        in Germany, 263
        in Great Britain, 219
        in Italy, 273
        in Japan, 266
        in Mexico, 270
        in Soviet Union, 237, 336
        in West Germany, 266, 273
        interest rates and, 42ff., 276, 289
        premium, 23, 44
        price controls viewed as antidote for, 124ff.
        purchasing power and, 261
        unemployment trade-off, 24-25, 167, 176
        world coordination of, 110, 222, 254, 258-59, 264, 266-67, 305, 312
        see also Hyperinflation Inflationary recession, 51, 167, 176, 220-21, 234ff., 246, 291
"Information superhighway," 18
Insider trading, 109, 180ff., 358
Institute of Economic Affairs (London), 220, 374
Institutional Revolutionary Party, (Mexico), 310
Insurance, 75ff., 284
        deposit, 248
        health, 128
Intellectuals government and, 402
        war and, 359
        see also Conservatives; Liberals Interest rates, 42ff.
        effects of deficit on, 20-21
        during Reagan administration, 175, 276
        effects of credit expansion on, 168
Federal Reserve and, 165, 174
        in Japan, 266
        in West Germany, 266
        inflation and, 276, 289
        inflation premium on, 23, 44
        long-term, 165
        of S&Ls, 286
        short-term, 165, 168
Interior, Department of (South Africa), 375
Internal Revenue Service, 223
        privatization contemplated, 184, 368
International Monetary Fund, 266, 272, 363
International Trade Commission, 315
Inventory, 246
Investment, 120ff., 243
        business cycles and, 44, 52, 168, 174, 175, 275
        "crowding out" of, 20-21, 122, 170 [p. 432]
        effects of taxation on, 215
        foreign, 357
        government spending equated with, 118-19, 122, 203
        in United States, 45ff.
        in Third World, 150
Iowa, 212
Iran, 327
Iraq, 322ff., 325ff.
IRAs, 47
Iron protectionism and, 314
Israel, 327
Italy, 265, 273
Izvestia, 335

Jackson, Andrew, 359, 413
Jackson, Jesse, 365
Jacobins, 139
Jamaica, 66
Japan, 193, 259, 265, 270
        central banking in, 222, 272
        infant mortality in, 65
        saving in, 45-46
U.S. trade with, 109, 303, 306ff.
Japanese in Peru, 333-34
Jarai, Szigmond, 358
Jaruzelski, Wojciech, 348
Jefferson, Thomas, 54, 159, 170 Job training, 60
Johannesburg Stock Exchange, 322
Johns Hopkins Medical School, 66
Johnson, Lyndon, 398, 399
Johnson, Skip, 98
Jones Act, 340
Jones, John W., 93
Jordan, Jerry, 267
Joseph, Keith, 144
Journal of Political Economy, 233
J. P. Morgan & Co., 295
Jubail, 329
Justice, Department of, 179
Kahn, Alfred E., 187
Kaldor, Nicholas, 377
Kantor, Mickey, 309
Kashmir, 327
Katuna, Michael, 97
Kauffman, Bill, 201
Kemp, Jack, 257, 266, 407-8, 414
        on foreign aid, 306
        on housing, 84
        on Los Angeles riots, 71
Kennedy, Edward, 132
Kennedy, Robert, 139
Kentucky, 158, 159
Kessler, David, 196
Keynes, John Maynard, 48, 241
Hayek on, 377
        misrepresentation of J. B. Say, 376
        on world currency, 110, 259, 271
Keynesian Episode, A Reassessment, The, 375
Keynesianism, 24-25, 34, 51-56, 167, 176, 293, 305
        "acceleration principle" of, 375
        as rationalization for statism, 377
        during Bush administration, 108, 120
        economic "fine-tuning" and, 234ff.
        idle resources and, 375
NAFTA and, 311
Nobel Prize and, 387
        on deficits, 49, 54ff., 84, 241
        on deflation, 237
        on "excess capacity," 51
        on inflation, 51, 117-18, 271ff.
        on recession, 53ff., 121-22, 174, 241
        on taxation, 117-18, 173, 225, 243
        on unemployment, 51-52
W. H. Hutt on, 374ff.
        world paper currency and, 110, 222, 253, 259, 262-63, 267, 271ff., 312
Keynesianism, Retrospect and Prospect, 375
KGB, 348
Kidder Peabody, 182
Kissinger, Henry, 311
Klaus, Vaclav, 396
Knight, Frank, 48
Koch, Edward, 100
Kondratieff cycle, 249
Korean War, 359, 360
Koreans, 71
Kourouma, Michelle, 318
Kozuki, Tad, 86
Kristol, Irving, 83, 408
Kristol, William, 408, 414
Krona, 260
Krugerrands, 298, 317ff.
Kuwait, 322ff., 325ff., 329

Labor, 28
        demand for, 133, 149
Philip Foner as historian of, 162
Labour Party (Britain), 217, 220, 221
Lachmann, Ludwig, 117, 376
Laffer, Arthur, 27-28
Laffer curve, 27-28, 49, 50
Lange, Oskar, 306
Lasch, Christopher, 405
Latin America, 276
Lauter, David, 131
Law of the Sea Treaty, 92
Lawyers, 76-77, 216
Layton, Christine, 65
Lazard Freres, 118
Lenin, V. I., 123, 244, 350, 361
Lennon, Gered, 97 [p. 433]
Lerner, Abba, 377
Liberalism, 81-82, 145-46, 148, 153, 178, 204-05, 211, 409
        classical, 345
Libertarian Party (California), 407
Libertarians, 380
        in Poland, 331
        left-, 71, 161
        on education vouchers, 128, 153ff.
        on privatization, 145ff., 368
        on Proposition 187, 407
Libraries, 146-47
Licenses, 71
        for diamond mining, 320
        gun, 151ff.
        medical, 80-81
Lieberman, Joseph, 323
Lima, 334
Limbaugh, Rush, 15
Lincoln, Abraham, 162, 184-85
Line-item veto, 364
Lobbying, 67, 195
Locke, John, 379
London School of Economics, 373, 376ff.
Lorenz, Edward, 36
Los Angeles, 69ff., 84
Los Angeles Times, 131, 311, 407
Louvre agreement, 44
Lucas, David, 98
Ludwig von Mises Institute, 132, 384ff., 396, 407, 411, 412, 419ff.
Maastricht Treaty, 262, 308, 310
Maltsev, Yuri, 64, 396
Manassas, 160, 162
Mandelbroit, Benoit, 36
Manitoba, University of, 380
Maoism, 332
Mao Tse Tung, 350
Mark, 260, 262, 270
Marshall, Alfred, 48
Marshall, John, 413
Marshall Plan, 417
Martino, Giulio, 289
Marx, Karl, 48, 244, 350
Marxism, 88, 123, 162, 351
Austrian economics and, 389
        in Poland, 331
        in Soviet Union, 334
Maryland, 158, 277
Mathematics, 35ff., 38ff.
Matthews, J.B., 383
Matthews, Ruth, 383
Maxwell, Robert, 135
McCarthy, Joseph, 216
McDonald's, 151
Means, Gardiner, 178-79
Measuring Business Cycles, 233
Media, 403
        economic views of, 176
        framing of issues by, 29ff.
        on Bruce Babbitt, 212
        on election of 1994, 361
        on gasoline tax, 210
        on NAFTA, 311
        on Proposition 187, 407
Medicaid, 60, 78
Medicare, 78-79, 415
Medicine socialized, 30, 119, 220
        see also Health care Mello, Fernando Collor de, 239, 333
Mencken, H. L., 50
Mendelsohn, Robert, 39
Mercantilism, 183, 345
GATT as, 411, 418
NAFTA as, 307
        protectionism as, 303
Meteorology, 35-36
Mexico, 408
        inflation in, 270
        migrant farm workers from, 141
NAFTA lobbying in U.S., 309
        oil and, 310
U.S. trade with, 304, 314
Milken, Michael R., 105-06, 176ff.
Miller, John J., 155
Minneapolis, 297
Mises, Ludwig von as model for Mises Institute, 385ff.
        as predictor of Depression, 377
        as systematic, 379
        influence on F.A. Hayek, 376
        married life of, 382ff.
        methodology of, 41-42
        on business cycles, 275
        on interventionism, 78, 366
        on "loopholes," 34
        on men of wealth, 179
        on private property, 355
        on socialist calculation problem, 346
        on stock market, 356
        on W. H. Hutt, 374
Mises, Margit von, 381ff.
MIT (Massachusetts Institute of Technology), 36, 202
Mitchell, Wesley C., 233
Modern Corporation and Private Property, The, 178
Mondale, Walter, 212
Monetarism, 48, 56, 110, 120, 220, 221, 237, 255ff., 258ff., 267, 272
Monetary Theory and the Trade Cycle, 376
Money supply of, 22-23, 175, 238ff., 248, 261, 273ff., 287, 290
        see also Currency, Inflation, Deflation Monopoly, 29, 183ff., 188 [p. 434]
Morgan Guaranty Trust, 295
Mortgages, 285, 286
        deductions for, 106, 215
Morton, Cliff, 94
Moynihan, Daniel P., 71, 72, 75
Mozambique, 88
Mullendore, William C., 380
Mundell, Robert, 266
My Years with Ludwig von Mises, 382

Nader, Ralph, 323
National Association of Blacks Within Government, 318
National Association of Federal Licensed Firearms Dealers, 152
National Banking Act, 186
National Banking System, 185
National Bureau of Economic Research (NBER), 166, 225, 231ff., 244-45
National Conference of Black Mayors, 318
National Guard, 124-25
National Health Service (Britain), 220
National Labor Board, 359
National Labor Relations Act, See Wagner Act National Labor Relations Board, 138, 359
National service, 151
National Urban League, 318
Natural law, 379
Nazis, 184, 241
Neoclassical economics, 36-37
Neoconservatives, 403, 409
        on Bill Clinton, 119
        on Proposition 187, 407-8
        on trade, 304
        on welfare state, 81ff.
New Deal, 62, 73, 82, 84, 85, 117, 131, 138, 285, 359, 388, 400
New Left, 245
New Jersey, 99, 146, 177 New York City, 60, 95, 99-101, 115, 135, 152, 162, 297, 404
New York Daily News, 135
New York Post, 60
New York Times, 177, 180, 202, 203, 259
Nixon, Richard M., 82, 117, 267, 398
        price controls implemented by, 124-25
        repudiates gold standard, 255, 264
Nobel Prize, 378, 387
Nomenklatura, 352
Normal curve, 38-39
Norris-La Guardia Act, 138, 415
North American Financial Group, 270
North American Free Trade Agreement (NAFTA), 306ff., 310ff., 417
        as mercantilism, 307, 418
        as cartel, 313
        environmentalism and, 309
        Keynesianism and, 311
        fixed exchange rates and, 270
        international currency regulation and, 270
        leading to centralization, 308
        oil and, 310
        side agreements of, 309
North Carolina, 158
North Carolina Law Review, The, 138
Northwood Institute, 381
Northwood University, 381
"Off budget" items, 226, 367
Office of Price Administration, 124
Ohio, 277
Oil allowances for depletion of, 215ff.
        foreign, U.S. dependence on, 210
        price of, 209, 322ff., 327ff.
Old Right, 125, 364
Operation Desert Shield, 326
Oppenheimer, Sir Harry, 322
Orange Country Register, 407
Organization of Petroleum Exporting Countries (OPEC), 175, 276, 289, 319, 328
Orwell, George, 29, 122
Other Path, The, 332
Oxford University, 117
Pakistan, 327
Paleoconservatives, 160-61
Panama, 327
Panic of 1873, 185
Pattison, Scott, 87
Paul, Ron, 298
Pearl Harbor, 333
Pennsylvania, 157, 315
People's Express, 188
Perestroika, 346, 348, 356
Perot, H. Ross, 111ff.
Persian Gulf War, 210
        domestic statism and, 360
        oil prices and, 322ff.
Personal exemption, 106
Peso, 270
Petrakov, Nicholas, 240
Petro, Sylvester, 138
Pew, J. Howard, 378
Philadelphia, 297
Phillips, A. W., 24
Phillips curve, 24-25, 167, 176
Philosophy of Individualism, The, 373
Phoenix, 110, 271
Photocopiers, 192ff.
Physics, 35
Pilkey, Orrin H., 97
Pol Pot, 350 [p. 435]
Poland, 167, 330ff., 348, 350, 354, 358
Politics vs. Prosperity, 381
Pollution, 195ff.
Poole, David A., 236
Population control, 148ff.
Populism election of 1994 and, 365, 404, 406, 419
        supply-side economics and, 50
Portugal, 89
Postal service, 143
Pound, 253, 260
        as world reserve currency, 264
Praxeology, 41, 388
Prices
        cartels and, 319
        chaos theory and, 36
        controls on, 96-97, 123ff., 129, 188, 240, 325, 354
        determination of, 323
        during 1920s, 107, 168, 274
        during 1980s, 107, 168
        during recession, 167
        effects of productivity on, 275
        effects of protectionism on, 29
        effects of supply on, 275
        gold standard and, 237
        housing, 107
        index, 266, 273, 292
Industrial Revolution and, 25, 238
        stock, 172
        system, 96, 209, 238, 355
Prices and Production, 377
Privatization, 142ff., 144ff., 355, 395-96, 416
        in England, 144, 220
        of Internal Revenue Service, 184, 368
        of public housing, 220
        of undesirable activities, 368
        of water, 94, 101
        see also Desocialization Productivity effects of investment on, 222
        labor, 133
Progressive Era, 117, 186
Progressive Policy Institute, 118
Property education vouchers as attack on, 156
        environmentalism and, 91-94
        political freedom and, 346
        private, 116, 137, 150, 159, 281, 338
        rights, 137, 207
Proposition 13 (California), 154
Proposition 174 (California), 153ff.
Proposition 187 (California), 406ff. 411, 413
Protectionism, 109, 258, 303ff., 306ff., 313ff.
        currency depreciation as, 257, 316
        "infant industry" argument for, 316
Public Securities Association, 169
Pullman strike, 136
Quotas import, 29, 109, 303, 306, 314
Racism, 82, 319
Rahn, Richard W., 231
Railroads, 29, 185
Rand, Ayn, 294, 295
Randolph, John, of Roanoke, 399
Ratajczak, Donald, 289
Ravitch, Diane, 83
Read, Leonard, 380
Reagan Administration, 117, 134
Keynesianism in, 53, 55-56
Keynesians vs. supply-siders in, 56, 266-67
        inflation during, 273ff., 292
        interest rates during, 276
        minimum wage and, 132
        on exchange rates, 256
        on Law of the Sea Treaty, 92
        regulation and, 109
        tax policy of, 73-74, 206
Reagan, Ronald, 105-6, 110, 189, 308, 398, 399
        air traffic controllers and, 187, 192
        as an authentic conservative, 396-97
        economic policy of, 120
        free- market rhetoric of, 219
        monetary policy of, 175
        tax cuts of, 106, 235
        tax increases of, 106, 108, 121, 211, 403
Real estate, 106-07, 168, 173, 278
Reason, 379
Reason Foundation, 407
Recession, 20, 121, 167, 168
        as consequence of inflation, 107, 175, 289, 290
        as corrective to malinvestment, 236
        cutting government spending during, 174
George Bush and, 241ff.
        in Brazil, 240
Keynesian view of, 121-22, 241
        media on, 30ff.
        NBER determination of, 166, 231ff., 244-45
        of early 1970s, 234, 249
        of early 1980s, 234, 288
        of 1990, 105ff., 122
        price trends during, 167
        tax increase during, 120, 165, 173, 225, 236
Reconstruction, 162
Reconstruction Finance Corporation, 359
Regan, Donald, 56, 110
Regulation agricultural, 85ff.
        as cartelization mechanism, 153
European Community and, 222, 304
        maximum purchase, 169 [p. 436]
        NAFTA and, 309
        of automobiles, 210
        of communication, 126
        of lobbying, 195
        of private schools, 156
Rehabilitation of Say's Law, A, 375
Reich, Robert, 117, 118
Religion, 15
Republicans, 82ff., 112, 117, 124, 125, 160, 293, 394, 396, 399, 404-5, 414ff.
        as similar to Democrats, 75, 82, 362, 397, 417
Contract with America and, 364
        economic policy of, 186
        for Clinton, 119
        in nineteenth century, 184, 315
        on housing, 84
        on minimum wage, 132
        on NAFTA, 311
"Rockefeller," 401
Radical, 315
Revenue, government in Britain, 220
        "neutrality," 243-244, 363
        relationship of tax rates to, 27-28
Review of Austrian Economics, 385
Revolt of the Elites, The, 405
Revolution Betrayed, The, 361
Rhode Island, 277
Ricardo, David, 237
Richebacher, Kurt, 32, 107
Richmond, 297
Rioting, 69ff., 84
Rivlin, Alice, 208
Rhodes Scholars, 117
Road to Serfdom, The, 349, 378
Robbins, Lionel, 377
Roberts, Paul Craig, 351, 352
Rockefeller, David, 176ff., 217, 329
Rockefeller, Nelson, 399, 401
Rockefeller family, 105, 294, 328, 403, 419
Rockwell, Llewellyn H., Jr., 108, 311, 412, 419
Roe v. Wade, 412
Rohatyn, Felix, 118
Rohrabacher, Dana, 407
Roman empire, 150
Rome, 123
Roosevelt, Franklin D., 56, 68, 85, 359, 398
        oil policy of, 328
        repudiates gold standard, 298
Rothschild Bank, 319
Rothschild, Edwin, 323
Rubin, Robert, 118
Ruble, 335ff., 354
        depreciation of, 335
Russia, 88, 167
Rwanda, 150
Sabah family, 329
Saddam Hussein, 323, 326ff.
St. Louis, 297
Salinas, Carlos, 310, 409
Salomon Bros., 168, 171
Samuelson, Paul 277, 278
Saudi Arabia, 325, 328
Saving, 21, 43, 120ff., 174
        as validating malinvestment, 244
        effects of taxation on, 215, 243
        in China, 357
        in Third World, 150
        in United States, 45ff.
Savings & Loan institutions (S&Ls), 168, 283ff.
        as cartel, 285
        bankruptcy of, 297
        collapse of, 248, 277
        fractional-reserve banking and, 278, 284, 333
Say, J. B., 376
Say's Law, 79, 375
Scandinavia, 65
Schlafly, Phyllis, 400
Scholastic theologians, 379
Schultz, George, 329
Schultze, Charles L., 202
Schumpeter, Joseph, 48
Schwarzkopf, H. Norman, 326
Scotland, 219
Securities and Exchange Commission, 179
Hungarian equivalent, 358
Sereny, Ferdinand, 383
Shapiro, Robert, 118
Sheehan, Jim, 311
Shiites, 327
Shining Path, 332
Shutz, Alfred, 383
Shutz, Ilse, 383
Sierra Club, 93-95, 196
Simon, Paul, 366
Sixteenth Amendment, 185
Slaughter, Thomas P., 160
Smith, Adam, 40, 48, 374
Smith, Fred, 311
Smithsonian Agreement, 255, 257, 267
Sobran, Joe, 328
Social democrats, 347
Social Security, 33, 72, 106, 131, 294, 415
        surplus, obscures deficit, 74-75, 241
Socialism, 88, 119
        as final outcome of interventionism, 78
        collapse of, 345-50
        economic calculation under, 378
        in China, 346
        democratic, 347
        in Hungary, 346, 348
        in Yugoslavia, 346
        "market," 306 [p. 437]
        political freedom and, 349
        reversibility of, 351
        varieties of, 356
Socialism, 376
Socialized medicine in England, 220
        see also Health care Solidarity (Poland), 348
Solow, Robert M., 202, 203
Solzhenitsyn, Alexander, 348
Soto, Hernando de, 332
South (U.S.), 162
South Africa, 414
        apartheid system and, 317ff., 374-75
        Communist Party in, 374
        currency of, 298
        diamond mining in, 319ff.
        Interior Department of, 375
South Carolina, 96ff., 158
South Vietnam, 124
Southern California Edison Corporation, 380ff.
Sovereignty, 272, 273
Soviet Union, 119, 202, 327
        as grain importer, 88
        black markets in, 123, 182, 240
        deflation in, 240
        desocialization in, 350, 353, 354
        diamond cartel and, 321
        gold standard recommended for, 335ff.
        infant mortality in, 64
        inflation in, 237, 336
        price controls in, 354
        socialism in, 346
U. S. aid to, 337ff.
Special Drawing Rights (SDRs), 259, 272
Speculators currency, 260, 262
        in oil, 324
Spending, government as consumption, 47-48
Balanced Budget Amendment and, 367
        "cuts" as disingenuous, 33
        in Great Britain, 219, 220
        J. K. Galbraith on, 202
        Keynesianism on, 121, 241, 377
        on health care, 129
        reductions in, 213, 364, 415
Sprinkel, Beryl W., 256, 267
Standard Oil, 329
Stalin, Jose f, 120, 203, 361
Stamp Tax, 158
Stanford University, 39-40
Statistics, 17
        improper use of, 20, 25, 31-32, 37, 38ff., 45-46, 232ff., 245
Steel, 136, 144
        protectionism and, 29, 314ff.
Stein, Herbert, 125ff.
Stephanopoulos, George, 393
Sterling, See Pound Stevens, Thaddeus, 315
Stock market, 107, 168, 273ff.
        as crucial to capitalism, 356
        chaos theory and, 36-37
        in China, 356
        in Hungary, 357
        insider trading on, 180ff.
        need for in Eastern Europe, 355ff. 1987 crash of, 171ff.
        see also Depression, Great Stockholders, 177ff.
Strasbourg, 222
Strikes, 135ff.
Subsidy FEMA as promoting, 95
        tax breaks equated with, 26, 205, 206ff., 215
        to Disney theme park, 161
        to railroads, 185
Sullivan, Louis W., 64
Sun Oil Conference, 378
Sununu, John, 242
Supply-side economics, Supply-siders, 48ff., 56, 120, 243
        on deficits, 49-50, 213
        on gold standard, 50, 227ff.
        on government revenue, 49-50, 244
        on international monetary system, 266-67
        on taxation, 49-50, 122
Supreme Court, 185, 409-14
Sweden, 260
Switzerland, 167
Syria, 327
Taft, Robert, 399
Tariffs, 303
        during Civil War, 185
        effects on consumers, 314
        on iron and steel, 29, 314ff.
Tax Reform Act of 1986, 47, 84, 106, 205, 366
Taxation as cartelization mechanism, 153
        Balanced Budget Amendment as in creasing, 226, 366ff.
        capital gains, 47, 48, 84, 215
        collectors of, 158
        complexity of, 214ff.
        credits, 205-06
        deductions, 26, 47, 106, 206ff., 215ff., 366
        democracy and, 218
        effects on investment, 215
        effects on production, 121, 152, 210
        effects on saving, 48, 215, 244
        egalitarianism and, 219
        energy, 121
        equal, 27, 218-19
        European Community and, 222 [p. 438]
        excise, 158ff., 185
        exemptions, from, 26, 213
        farming,' 184, 368
        "fee" as euphemism for, 15, 108, 152 fiat, 26-27, 214ff.
        gasoline, 27, 208ff., 328
        in England, 215
        in Europe, 202, 368
        income, 27-28, 159, 185, 215ff., 415
        increases in, 15, 33-34, 106, 121ff., 201ff., 224-25, 226
        internal vs. external, 157-58
        Keynesianism on, 243
        lawyers, 216
        loopholes, 26, 34, 84, 106, 205ff., 366
        media on, 31
        mercantilism and, 183
        "neutral," 217ff.
        on cider, 158
        on whiskey, 157ff.
        poll, 218ff., 221
        progressive, 179
        property, 154
        proportionate, 27, 217ff.
        reductions in, 33, 208, 221, 235, 237, 244
        riots against, 217
        shelters, 106
        "sin," 159, 185
        views of business toward, 152-53
Teachers, 154
Tenth Amendment, 364
Term limits, 410
Texas, 92ff., 328
Textiles, 29
Thatcher, Margaret, 84, 144
        free-market rhetoric of, 219, 220
        on European Community, 304
        tax policy of, 217ff.
Theory of Collective Bargaining, The, 374
Theory of Idle Resources, The, 375
Third World, 148ff., 241, 398
        famine in, 88-89
        hyperinflation in, 107, 336
        infant mortality in, 66
Thompson, Julian Ogilvie, 322
Tiananmen Square, 349
Time preference, 46, 47, 167
Toffler, Alvin, 18
Tos, John, 86
Tower, John, 347
Townsend-Greenspan, 293
Trade blocs, 304
        deficit, 44, 173, 275, 303
        "fair," 303, 313
        free, 185, 303ff., 306ff., 315
Treasury, 242
        bonds, 169, 170
Treasury, Department of, 223, 242, 272
        gun regulation and, 152
        maximum purchase regulations of, 169
        minting of gold coins, 298
        pricing of gold, 299
        privatization of tax collection, 368
Treatise on Money, 377
Triffin, Robert, 259, 272
Trilateral Commission, 294, 329
Trotsky, Leon, 361
Trotskyists, 347
Truman, Harry, 124-25, 136, 398
Trump, Donald J., 176, 179
Tsongas, Paul, 208
Tucker, Jeffrey, 84
Unemployment, 30, 121, 165, 235
        causes of, 239
        in Britain, 220
        insurance, 53
        minimum wage and, 13o37, 34
        Phillips curve "trade-off and, 24-25, 167, 176
Union Monopoly, 380
Unions, 135ff., 141, 239
        apartheid and, 374-75
        as advocates of minimum wage, 134
        Chicago School and, 375
        teachers', 154
        use of violence, 135ff.
        V. Orval Watts on, 380
        wage rates and, 52-53, 374
        W.H. Hutt on, 374-75
Unita, 110, 254, 259, 271
United Farm Workers, 140
United Nations, 312
        Conference on Population of, 148ff.
        Law of the Sea Treaty of, 92
        Republicans on, 363, 417
        tax exemption of employees, 213
        V. Orval Watts on, 380
United Nations: Planned Tyranny, 380-81 United States, 258, 263, 268, 272
        aid to Gorbachev and, 337ff.
        infant mortality of, 64ff.
        international monetary system and, 253-60, 263-75
        international trade and, 303-17
        Persian Gulf War and, 325ff.
University of Chicago, 48, 236
University of Dallas, 373
University of Warsaw, 330ff.
Van Eck Management Corporation, 236
Vargas Llosa, Mario, 332ff.
Venceremos Brigade, 140
Veterans of Foreign Wars, 114
Vietnam War, 360
Vietnamese-Americans, 340ff.
Virginia, 158, 160ff.
Volcker, Paul, 50, 51, 107, 117, 293, 297
Vouchers, See Education, vouchers [p. 439]
Wages as indicator of productivity, 28-29
        effects of trade sanctions on, 317
        labor demand and, 317
        minimum, 62, 71, 132ff., 304
        of migrant farm workers, 141
        unions and, 374
Wagner Act, 138, 359, 416
Wall Street, 118, 168ff., 177ff., 180ff., 257, 329, 403
        see also Stock market Wall Street Journal, 66, 155, 277, 335, 407, 418
Wallace, George, 108
Waiters, Sir Alan, 221
Wanniski, Jude, 50
War growth of government and, 358ff.
        prices during, 25-26
War Finance Corporation, 359
War Industries Board, 359
War Labor Board, 359, 360
War of 1812, 25, 159, 315, 359
War Production Board, 359
Washington, D.C., 27, 404
        public opposition to, 361ff., 394
Washington, George, 157, 159
Washington, Harold, 318
Washington Post, 363
Washington Times, 412
Water, 92-94
Watts, 70
Watts, V. Orval, 380ff.
Way the World Works, The, 50
Weinberger, Casper, 329
Welfare, 59-64
        education vouchers as, 154, 155
        opposition to, 366
Welfare state, 87, 96, 206
        education vouchers and, 156
        expansion of, 153
        in European Community, 308
        neoconservatives on, 82ff.
        supply-side economists on, 50
West Germany, 45, 265, 273, 354
Whigs, 184
Whip Inflation Now, 294
Whiskey Rebellion, 157ff.
Whiskey Rebellion, The (Boyd, ed.), 160
Whiskey Rebellion, The (Slaughter), 160
White, Harry Dexter, 110, 254, 259, 271
Wilczek, Mieczyslaw, 350
Wilde, Oscar, 134
Will, George, 306
Williams Act, 105, 177
Willkie, Wendell, 399
Wilson, Charles E., 359
Wilson, Pete, 408
Wilson, Woodrow, 311, 420
Wolff, Nelson, 93
Women, 17-18
Women, Infants and Children (WIC), 60, 65-66
Works Progress Administration, 62
World Bank, 266
        NAFTA and, 309
        Republicans on, 363
World government, 262, 271, 273, 312
World Trade Organization (WTO), 411-12, 417, 420
World War I, 25, 124, 263, 359
World War II, 124, 166, 359
Wright, Jim, 347
Xerox, 192ff.
Yale University, 272
Yellowstone Park, 283
Yeltsin, Boris, 338
Yen, 270
Yugoslavia, 346, 356
Zapata, 329
Zarnowitz, Victor, 236
Zedillo, Ernesto, 409
Zero Population Growth, 148ff.
Zloty, 354, 358

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