The Free Market

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Nonsense on Deflation

Money and BanksU.S. Economy

08/11/2018The Free Market
That deflation is always and everywhere a bad thing is now an almost universal article of faith among mainstream economists and financial commentators.


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New Face, Old Menace

BiographiesThe Fed

12/01/2005The Free Market
By focusing on the symptoms rather than causes, there is no way that one can make an economy more healthy and prosperous.
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Nowhere to Turn

Booms and BustsThe FedBusiness Cycles

12/01/2002The Free Market
The Federal Reserve System may have run out of room to maneuver. Facing a looming recession, it resolutely lowered its discount rate and frantically expanded its credits. Eager to stimulate the sagging economy, it enabled and encouraged businessmen to invest more and consumers to go ever deeper...
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Nonsense from a Nobel

Booms and BustsBusiness Cycles

08/01/2002The Free Market
The June 3, 2002, issue of The Nation heralds the 2001 Nobel Laureate Joseph Stiglitz as a "rebel with a cause." That characterization is certainly a stretch for an economist, who is former senior vice president of the World Bank and who adheres to orthodox Keynesian doctrine, the...
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Nazism is Socialism

The Police StateWorld History

09/01/2001The Free Market
By the standards of the Left, Adolf Hitler would have been deemed a "great statesman," had he died before he started the war (or if he had won it). That's because the left tends to measure greatness by the amount of land and number of people under one man's thumb. By that standard, Hitler was a...
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New Economy, Old Delusion

Booms and BustsBusiness Cycles

08/01/2000The Free Market
The president of the United States was ecstatic. Never had economic prospects in this country looked better. Unemployment was at its lowest level in years, the rate of inflation was relatively low, and the economy had grown continuously for almost eight years. No doubt, said the experts, this...
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New Mercantilism, The

Big GovernmentInterventionism

04/01/1999The Free Market
The journalist, television commentator, and former presidential candidate Patrick J. Buchanan has been sharply criticized by his fellow Republicans for allegedly betraying Republican party "free-market" principles in his new book, The Great Betrayal. In the book Buchanan argues for protectionism...
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New Deal for the World, A

U.S. HistoryInterventionism

01/01/1999The Free Market
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.
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No Freedom, No Peace

Big GovernmentLegal System

03/01/1998The Free Market
End the lies, smears, and attacks against average people for their supposed intractable racism. Stop the federal occupation of local school districts in the name of racial balance. Dethrone the federal judges who impose de facto quotas in every public institution and mandatory preferences in every...
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No More Great Presidents

U.S. History

03/01/1997The Free Market
My idea of a great president is one who acts in accordance with his oath of office to "preserve, protect, and defend the Constitution of the United States." Not since the presidency of Grover Cleveland has any president achieved greatness by this standard. Worse, the most admired have been those...
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