Interventionism

No government can live up to its billing as a semi-divine problem solver. Government intervention is not an alternative to the market; it merely creates a different kind of market full of con men selling very sour lemons.

While the politicians and their media allies prattle on about "winners" and "losers" in the Microsoft antitrust case, they miss the larger story, one that has become a typical American tale: the ongoing assault of the Leviathan State upon the once free and productive business sector. 

The publication of David DeRosa's latest book is all the more timely given the financial crises and stock market crises that littered the 1990s. The problem with DeRosa’s book, however, is that his solution offers no hope for stabilizing the system. Nicolas Bouzou reviews In Defense of Free Capital Markets.

The Free Market 19, no. 11 (November 2001)

There is no need to assume anything sinister is at work in the fact that women's incomes are lower than those of men.

Some are claiming that the attacks of September 11 triggered this latest economic slide, but all signs indicate that the U.S. economy already was in recession even before the attacks. 

Once again, we are back to trusting the government to protect us, even at a time when property owners are begging for the right to provide their own protection.

It is conceivable that stocks might have come back after September 11. But the meddlers in DC seemed to be doing everything in their power to drive it down and out.

No institution has a greater incentive to increase airline security than the airlines themselves, who have both property and paying customers to protect.

In a usual wartime situation, the government massively expands and then falls back only partially after it is over. The present circumstances, however, are even worse than wartime.