The IMF and Moral Hazard
The underpricing of risk led Icelandic banks to take on liabilities denominated in foreign currency.
Interventionism
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Defending the Advertiser
Advertising must be defended by those who believe in freedom of speech — for that is all advertising is, writes Walter Block.
What’s Not to Like about a Regulatory Nudge?
Cass Sunstein is so anxious to push his theory of government that he distorts the reality to conform to his dreams.
An Austrian Take on Bernanke and Fed Policy
As interviewed by Mark Carbonaro, 1460 KION, Salinas, California; 29 April 2011.
Is Immigration Really the Problem?
If we were all responsible for our own healthcare, education, and sustenance, there would be no immigration debate.
How the Experts Are Wrecking Healthcare
The way to become an expert is as follows: don’t challenge the prevailing orthodoxy of the institution; learn the history, underlying principles, and the inner workings of the institution; regurgitate the orthodoxy as you’ve been taught; celebrate the march of the state.
The Political Doctrine of Statism
There is always some great excuse for the trashing of the human freedom that built civilization as we know it. If the state cannot find one, it is glad to invent one. A population that is ideologically gullible or afraid for its security will permit government to run roughshod over rights and liberties.
Policing for Profit
Government is a gang of thieves writ large. Let's look at the reality.
Out of Business
The last few years as an executive in a manufacturing company gave me a frighteningly close look at the inner workings of regulators in our government. Maybe I'm just naïve, but what I discovered was shocking. They are not "creating jobs" or "improving the economy" — precisely the opposite.
The Lehman Brothers Plan
The meltdown of Lehman Brothers in September 2008 didn't begin the crisis; it was a model of how all troubled firms should have been handled. Had this policy been followed from the beginning, I have little doubt that the downturn would already be over and we would not have added to the debt problem.
