The Washington Post December 22, 1998 No Tears for Clinton NEW YORK—Here on the West Side of Manhattan, on Saturday night, eight hours after the House impeached President Clinton, the citizens around me were crying their eyes out. Yes, this city is a hotbed of Clinton supporters. Alec Baldwin, the actor who blithely suggested on the Conan O’Brien
Neoclassical economists in recent years have cited holiday gift giving as an example of inefficiency resulting in social loss. Why? Because the giver cannot know the preferences of the receiver, and is likely to buy something he does not really want. Instead of giving gifts, say these theorists, we should exchange cash, or, better yet, just keep
The Free Market 16, no. 3 (March 1998) A Jewish Batman? A female Robin? The Dynamic Duo battling on behalf of truth, justice, and Austrian economics? Are we in a parallel universe or what? We are indeed if we are reading The Batman Chronicles , the Winter 1998 issue, devoted to “Elseworlds,” in which “heroes are taken from their usual settings
The Free Market 16, no. 4 (April 1998) The Clinton administration, applying its theory that all good things should be subsidized with tax dollars, proposes new spending to upgrade the Internet. But it’s not the government that has turned this medium into the most promising venue for free-market exchange in our time. It’s the astounding power of
The Free Market 16, no. 8 (August 1998) How is capitalism being treated in American popular culture today? The signals are mixed, but generally the picture is bleak. Hollywood continues its unrelenting assault on the commercial society that is its own lifeblood. The latest filmmaker to criticize capitalism all the way to the bank is James
The Free Market 16, no. 10 (October 1998) The world has just finished what, for Americans, is the curious spectacle of the Soccer World Cup. Every four years since the 1930s teams representing 32 countries have met (in a different venue each time) to decide who is best. Much of Europe, South America, and Africa come to a halt during the three
The Capitalist Muse Mises Review 4, No. 3 (Fall 1998) IN PRAISE OF COMMERCIAL CULTURE Tyler Cowen Harvard University Press, 1998, xi + 278 pgs. Cultural pessimists such as John Ruskin claim that capitalism leads to a decline in literature, painting, and music. The market panders to the debased tastes of the masses and strikes a mortal blow at
[speech delivered in February 1998, as the U.S. prepared to embark on another bombing campaign against Iraq.] Is the U.S. world empire decaying? At first glance, this may seem an odd time to be asking the question. The U.S. is prepared to embark on an openly political war with no basis in just war theory. It can only end in further massive
No political expert could have predicted that in one remarkable month, the speaker of the House would be forced out, the speaker-designate would resign, and the president would be impeached, despite his use of foreign aggression as prime agitprop in his personal war against the truth. As Democrat impeachment debaters warned, the system of
Now available from the Mises Institute and Transaction Periodicals Consortium: The Quarterly Journal of Austrian Economics Volume 1, Number 3 Fall 1998 ARTICLES Hayek’s Money Economy: The Dynamics of Competitive Equilibrium and Socio-Economic Order by G. R. Steele (Lancaster University, UK) Are Markets Like Language? by Leland B. Yeager (Auburn
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