Interventionism

Unreconstructed Keynesians the world over are now calling for a "Global New Deal" ostensibly to put an end to the business cycle once and for all.

Should the market or regulators place plants and waste sites?

Ed Shanahan on the significance of the Austrian tradition. 

What the Microsoft case implies about government power.

The coalition of government bureaucrats, politicians, trial lawyers, and "political activists" who have orchestrated the demonization of "Big Tobacco" are about to wage a similar smear campaign against what the pressure group Common Cause has labeled "Big Booze." The beer, wine, and liquor industries will be demonized; dramatically higher taxes will be called for; and unconstitutional bans and restrictions on commercial advertising will be vigorously lobbied for. This was the political modus operandi of the anti-smoking movement, and it will now be carried over to other industries.

Is antitrust policy science or the same old racket?

Washington's arrogant attempt to divert the market process. 

Why transparency and liquidity won't bring financial stability.

The clamour for trade protection for steel is deeply misguided. 

What are the consequences of floating exchange rates?