The Free Market

The Free Market 30, no. 9 (September 2012)

Politicians used Keynesian economics to justify big government, a welfare state, and budget deficits. The Federal Reserve sought to grow the economy through monetary expansion, thereby crippling it. At the same time, Wall Street sought higher profits through influence over the government.

Education is a lifelong process of learning, and learning takes place not only in school, but in all areas of life.

The impacts of Mises’ life and work have been resounding now for 100 years

For 30 years, the Ludwig von Mises Institute has been laying the groundwork for an intellectual revolution. That revolution is now at hand.

As Professor Block makes clear, “there is no intrinsic conflict between the market and the environment.”

The well-being of the 99% depends on who makes up the 1%: entrepreneurs or the state and its cronies.

In the end, this is the choice we face: the total state or total freedom. Which will we choose?

Despite the handwringing and lectures from Geithner and his accomplices, there is no need to raise the federal debt limit. The US government already spends an obscene amount of money every month, and this could easily be scaled back to the current inflow of tax receipts.

For a generation of people to find meaningful work, the government must embrace the Misesian prescription of a strict “hands-off” policy—rather than staying on the Keynesian drug.

If we were to take the greatest economists from all ages and judge them on the basis of their theoretical rigor, their influence on economic education, and their impact in support of the free-market economy, then Frédéric Bastiat would be at the top of the list.

The plight of American workers is bleak, far worse than the official statistics indicate.

The advocates of free-market economics almost invariably pin the blame for government intervention solely on erroneous ideas—that is, on incorrect ideas about which policies will advance the public weal.

Thanks to the doublespeak of monetary-policy experts, the launch of monetary policy leading to high inflation may not be discernible by the public at large.

Booms are not periods of prosperity but of the squandering of wealth. The longer they last, the worse is the devastation that follows.

The Free Market 28, no.11 (July 2010)

The Free Market 28, no. 10 (July 2010)

I wanted to explain free markets in plain English to average citizens, so that they could understand which government policies help or harm them, and, as a consequence, so that they could vote in such a way as to improve their lives.

What ultimately matters for the well-being of society is the degree to which our wants are satisfied, and therefore the actual usefulness of goods.

The only solution to increasing costs is to eliminate government interference in the market and to allow the price mechanism to work as it should. Consumers who pay out of their own pocket will search for the cheapest solutions to suit their needs, while providers of healthcare will compete, through constant innovation, to drive prices down and discover the most efficacious treatments.