The Free Market

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David Stockman on his Book and the Bailouts

Booms and BustsBusiness Cycles

07/24/2013The Free Market
Greenspan took the Federal Reserve, which for years had been run by far more cautious and conservative men, and turned it into a machine for fine-tuning every aspect of the economy.
Formats

July2013_0.pdf

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Do Capitalists Prey on the Poor?

Free MarketsInterventionismPrices

09/01/2006The Free Market
The poor are able to acquire household items that in some cases no one, rich or poor, could have had even a generation ago, and on terms that no one else is willing to extend to them.
Formats

Sept06_0.pdf

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Down with the Withholding Tax

Taxes and Spending

07/01/2005The Free Market
Did you have to write out a check to the IRS for $5,581 this past April 15? If you had to do such a thing next year, would you think of it as your civic duty or would you consider it a crime that only the government could get away with?
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Death of the Dollar

Money and BanksMoney and Banking

02/01/2005The Free Market
The dollar may not die anytime soon but its capacity for lording it over all living things is ending.
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Deep in Debt

Taxes and Spending

01/01/2004The Free Market
The Federal government, which sets the pace, reported a $555 million deficit for the 2003 fiscal year; its total debt is given at $6.783 trillion. For the next two years the budget deficits are estimated at $566 billion to $644 billion each, which should increase its total debt to more than $8...
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Deflation: Hurrah!

Money and BanksMoney and Banking

08/01/2003The Free Market
If you stuck a dollar in a savings jar in 1913 and tried to spend it today, you would find your purchasing power had been sapped. Your dollar would be worth about a nickel. What happened? Well, the government had created an institution called a central bank that was endowed with the power to create...
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Dinars or Dollar?

Money and BanksMoney and Banking

07/01/2003The Free Market
How powerful is economic law, that mysterious aspect of the structure of reality that causes prices to rise and fall and thereby give direction concerning the use of resources? More powerful than the US government, even more powerful than all the governments in the world combined. In Iraq, the US...
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Debate on Campaign Finance Reform

Free MarketsLegal SystemInterventionism

09/01/2002The Free Market
The Enron scandal fueled the drive for campaign finance reform well enough for a campaign finance reform (CFR) bill to get signed into law. However, immediately after this occurred, various interest groups presented legal challenges to the new legislation based on its questionable compliance with...
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Defending the Homeland

Big GovernmentWar and Foreign Policy

02/01/2002The Free Market
Shortly after the September 11 attacks on the World Trade Center and the Pentagon, President Bush created an Office of Homeland Security. How many of us have stopped to ponder the meaning of that action? For more than fifty years, the United States has maintained an active—some might say...
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Default! Default!

Money and BanksMoney and Banking

11/01/2001The Free Market
We will never resort to a bailout, said the Bush administration concerning the financial failures of the Argentinian government. That was one week before the same administration arranged an $8 billion line of credit for the same government.
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