Interventionism

Government is not reason; it is not eloquence; it is force. Like fire, it is a dangerous servant and a fearful master.

Delivered at the Mises Institute’s 25th Anniversary Celebration, 13 October 2007, in New York City.

Here we go again with real competition being portrayed as anticompetitive.

The Fed has been creating money at a phenomenal clip all year with the M-3 (that government no longer reports, but economist John Williams does on Shadowstats.com) growing at a 14-percent rate, a 34-year high.

The extent those costs harm the domestic auto industry illustrates what happens to industries in which worker benefits exceed worker productivity. No market participant consistently gambles with economic law and wins, and the UAW has been gambling for a long time.

The drive of the New Deal toward war once again reshuffled the ideological spectrum and the meaning of Left and Right in American politics.

Mr Greenspan: Please send a $100 bill to the Hubris in Monetary Policy Award Committee and write Bernanke or Shiller's name on the back. After all, since both men promote the myth that that inflation is only sometimes and only in some places a monetary phenomenon, they have your back as well.

Sarbanes-Oxley, of course, was just a small step along the yellow brick road that will lead to total rule over private industry, especially in the

A Russian correspondent sent me a translation of a Russian blog entry by Marina Litvi

In testimony before the House Commit