The Free Market

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Lilly Ledbetter Re-considered

Big GovernmentInterventionism

05/02/2013The Free Market
The real problem in our current regulated market is that due to government intervention in a cartelized tire industry, we now pay more for tires and there are fewer of them.


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Life Before FEMA

Big GovernmentThe Environment

09/30/2012The Free Market
The Free Market 30, no. 9 (September 2012) For real life-headlines worthy of The Onion , one needs look no further than the doings of the U.S. government and its agencies. One week after Hurricane Sandy devastated the New York area, with a new storm on the way and almost 10,000 Staten...
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Looking for Inflation

Financial MarketsMoney and BanksMoney and Banking

04/01/2002The Free Market
It has been said that the stock market is not an actuarial table. The same can be said of the bond market. Rather than an infallible guide to the future, the bond market embodies the best guesses, hopes, dreams, and fears of many investors. Hence, the bond market can be fallible and, in fact, has...
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License Tags and Free Speech

Big GovernmentPolitical Theory

12/01/2001The Free Market
This past September, the state government of South Carolina came under fire for issuing a special license plate bearing the slogan "Choose Life." Affronted abortion-rights groups quickly filed suit, claiming that the state was violating the first and fourteenth amendments by failing to offer a "...
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Legal Child Abuse

Free MarketsLegal SystemInterventionism

01/01/2001The Free Market
History frowns upon the belief that government protects children's rights, and yet that is precisely the claim that undergirds child labor laws, now enforced in most parts of the world. Hardly anyone dares question their existence, much less the conventional history of child labor, no matter how...
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Little Man

Big GovernmentMonopoly and Competition

07/01/2000The Free Market
Watching Joel Klein of the Antitrust Division on television, speaking about the dangers that Microsoft poses to the public, calls to mind a passage from Martin van Creveld's The Rise and Decline of the State: "Born in sin, the bastard offspring of declining autocracy and bureaucracy run amok, the...
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Lies of the Prize

Media and CultureCapital and Interest Theory

07/01/2000The Free Market
The Pulitzer Prize has been known for honoring great works and great folly. A newspaper colleague of mine in 1977 won a Pulitzer for a very moving (if, albeit, a bit staged) photograph of a legless Vietnam veteran sitting in a wheelchair in the rain watching an Armed Forces Day Parade in...
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Letter From Guatemala City

Free MarketsGlobal Economy

06/01/2000The Free Market
Until a few months ago, the sum of my experience with Latin America had been a few trips to border cities like Juarez, Nogales, and Tijuana. Beyond that, I had to depend upon Dan Rather, the New York Times, and various social activist groups to find out what was true about life South of the Border...
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Lesson of Ukara, The

Free MarketsPrivate Property

12/01/1999The Free Market
Austrian economists should revel in the story of Ukara, a small, Tanzanian island in Lake Victoria. John Reader, in his astoundingly detailed and fascinating work, Africa: A Biography of the Continent (Alfred A. Knopf, 1998), presents among a wealth of other information that should be of...
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Learning from Web Commerce

Free MarketsPrices

07/01/1999The Free Market
The internet provides a remarkable test case of the free market. What have we learned?
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