The Free Market

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Keynes's Upside-down World

Money and BanksFiscal TheoryMoney and Banking

05/01/2009The Free Market
If you follow the Austrian recipe of allowing liquidation of bankrupt firms and debt, allowing prices to fall without monetary inflation, not propping up employment or subsidizing unemployment, and not discouraging hoarding, you will end up with the quickest possible recovery and minimize the...


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Greenspan's Bogus Defense

The FedMoney and BanksMoney and Banking

04/01/2009The Free Market
Former Federal Reserve Chairman Alan Greenspan tried to exonerate himself from the housing boom and bust. Even though more and more analysts are realizing that Greenspan’s low interest rates fueled the bubble, the ex-maestro himself uses statistics to defend his record.


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The Vision of Leonard Read

EducationMedia and Culture

03/01/2009The Free Market
He taught this lesson for decades, with stamina, consistency, and calm persistence in his belief that education was the key to freedom.


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Money and Our Future

Money and BanksMoney and Banking

02/01/2009The Free Market
Consider what it means to live through our times in the light of economic understanding. Even in the face of calamity, there is no mystery, and hence fear is reduced.
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Save the Piano Industry

Free MarketsInterventionism

01/01/2009The Free Market
The Free Market 27, no. 1 (January 2009) Today the highest-price good that people buy besides their houses is their car, and this reality leads people to believe that we can’t possibly let the American car industry die. We couldn’t possibly be a real country and a powerful nation without our...


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This Book is So Me

BiographiesFree Markets

11/01/2008The Free Market
This was the first book on economics that just jumped out and grabbed me. I had read a few before, but they were boring. Very boring.


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The Bank Robbery of 2008

Money and BanksMoney and Banking

10/01/2008The Free Market
This wasn’t an economic plan: it was a heist.


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Truth in the Coin Shop

Gold Standard

09/01/2008The Free Market
It turns out that making money is a business like any other, not something that only governments do. In a free world, it would be something done entirely by private enterprise.


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The Market Process in Action

Free MarketsInterventionism

07/01/2008The Free Market
When you do a lot of driving, $4 gas eats up a pretty big chunk of your disposable income and requires a few adjustments to the way you live. So how does the market coordinate these changes?


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The Cause of the Food Shortage

Free MarketsInterventionism

05/01/2008The Free Market
In sum, the real cause of continually rising food prices is the printing of money by world governments. And the real cause of actual food shortages is the prevention of profitable global trade in food by the ill-advised policies of the governments of the very people who are starving.


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