The Free Market

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An International View of Drug Prohibition

Big GovernmentFree MarketsMedia and CultureInterventionism

09/07/2014The Free Market
The war on drugs has no benefits, just costs and negative unintended consequences. These include drug-addict crime, drug-dealer violence, bribery and corruption, and the increase in drug potency to deadly levels.
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The New Skyscraper Curse

Booms and BustsGlobal Economy

09/07/2014The Free Market
The Free Market 32, no. 4 (April 2014) From CNN to Barron’s to Le Monde , Mark Thornton has been featured as an authority on how record-setting skyscrapers signal impending economic downturns. Last month, Dr. Thornton spoke with us about the Skyscraper Index and the...
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Real Austerity

Big GovernmentMoney and Banking

02/25/2013The Free Market
The Free Market 31, no. 2 (February 2013) Austerity has been hotly debated as either an elixir or a poison for tough economic times. But what is austerity? Real austerity means that the government and its employees have less money at their disposal. For the economists at the International Monetary...
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Why Bastiat Is Still Great

BiographiesHistory of the Austrian School of Economics

04/01/2011The Free Market
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.


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The Second Austrian Revival

History of the Austrian School of Economics

04/01/2010The Free Market
We can date the second Austrian revival almost precisely to the fall of 2008. From that point on, the use of online Austrian resources on abruptly doubled from one year earlier, as investors, media commentators, and the public at large frantically sought answers from all quarters while...


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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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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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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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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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Will Microcredit Save the World?

Money and BanksMoney and Banking

12/01/2006The Free Market
Building wealth, not manufacturing money, is the key to prosperity.


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