The Free Market

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The Prophetic Antifederalists

U.S. History

07/24/2019The Free Market
The Antifederalists were afraid the new proposed Constitution would lead to a supersized national government. They were right.


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Social Darwinism and the Free Market

World HistoryPolitical Theory

07/21/2018The Free Market
The markets are not a struggle between rich and poor, strong and weak. On the contrary, they help humans work together to benefit everyone.


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Scarcity, Monopoly, and Intellectual Property

Big GovernmentLegal SystemMonopoly and Competition

09/07/2014The Free Market
Few topics in recent years have aroused as much interest among libertarians as intellectual property. What place, if any, would IP — patents, copyrights, trademarks and the like — have in a libertarian society?
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What Henry Hazlitt Can Teach Us About Inflation in 2014

09/07/2014The Free Market
The Free Market 32, no. 5 (2014) This article is adapted from a portion of the Henry Hazlitt Memorial Lecture, delivered by James Grant at the Mises Institute’s 2014 Austrian Economics Research Conference. Believe me, ladies and gentlemen, when you stand at the pinnacle of financial...
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Obamacare and Other Disasters

Big GovernmentHealthMedia and CultureInterventionism

06/11/2013The Free Market
David Gordon gives a review of John R Lott's At the Brink: Will Obama Push Us Over the Edge?.


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Socialism Depends on Leaders

Calculation and Knowledge

07/01/2004The Free Market
With the ousting of head man Saddam Hussein, the production of security completely collapsed. While I saw burgeoning businesses in fence building, satellite dish installations, used car sales, and agriculture in southern Iraq, the production of security floundered.
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The Trouble with Deficit Finance

Taxes and Spending

04/01/2003The Free Market
The Free Market 21, no. 4 (April 2003) Elisabeth Bumiller reports in the Washington Post ("Bush's $2.2 Trillion Budget Proposes Record Deficits," 2/04/03) that a budget deficit of $304 billion is forecast for the current fiscal year—with higher deficits to follow. (These figures, she notes...
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Do Deficits Matter?

Taxes and SpendingFiscal Theory

02/01/1999The Free Market
Creative accounting by the Clinton administration has taken the government's budgetary imbalances out of the media's spotlight. But there is no basis for believing that we are entering a new era of fiscal responsibility. Deficits are likely to dominate future decades just as they dominated the past...
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Bring Back the Bank Run

Booms and BustsBusiness Cycles

02/01/1990The Free Market
The banking dilemma seems eternal, like the monetary dilemma, the tax dilemma, and the marital dilemma. The essence of the banking dilemma, however, is that the depositors' money is not in the vault awaiting the depositors' decision to withdraw it. Instead it is out on loan or invested in the money...


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