Other Schools of Thought

Sponsored by the Mises Institute and held in Harvard Square, Massachusetts; April 28-29, 1989.

We find ourselves enormously worse off, our economic prospects diminished greatly, and our liberties throttled more tightly by an even bigger Leviathan, with nothing to show for it on the upside but the further enrichment of a handful of big bankers and other malefactors of great wealth and power.

Why do the proponents of global warming try to stamp out dissent? As Horner makes clear, billions of dollars are at stake.

1996 Mises Institute Supporters Summit, San Francisco, California; February 9-10, 1996.

Paul Krugman, e.g., in The Return of Depression Economics and the Crisis of 2008 (Norton, 2008) says "there will have to be an assertion of more government control — in effect, it will come closer to a full temporary nationalization of a significant part of the financial system."

Rather than accept either administrative law or legislation, Leoni calls for a return to the ancient traditions and principles of "judge-made law" as a method of limiting the State and insuring liberty.

Instead of permitting the necessary economic adjustments to be made in the wake of this unsustainable boom, the political classes — and their court economists — insist on even more government spending, more debt, and more destruction of the dollar.

We must become the intellectual dissidents of our time, rejecting the demands for statism that come from the Left and Right.

The art of economics consists in looking not merely at the immediate but at the long effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.

Given the poor quality of the reasoning behind Samuelson's remarks we should doubt his advice, not F.A. Hayek and Milton Friedman's.