The Free Market

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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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Why Is Unemployement So High?

Free MarketsInterventionism

03/01/2011The Free Market
The plight of American workers is bleak, far worse than the official statistics indicate.


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It's the People vs. The Government

Political Theory

02/01/2011The Free Market
The advocates of free-market economics almost invariably pin the blame for government intervention solely on erroneous ideas—that is, on incorrect ideas about which policies will advance the public weal.


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The Many Names for Money Creation

Money and BanksMoney and Banking

01/03/2011The Free Market
Thanks to the doublespeak of monetary-policy experts, the launch of monetary policy leading to high inflation may not be discernible by the public at large.


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A Microcosm of Boom and Bust

Booms and BustsBusiness Cycles

12/01/2010The Free Market
Booms are not periods of prosperity but of the squandering of wealth. The longer they last, the worse is the devastation that follows.


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Hazlitt as National Teacher

EducationMedia and Culture

11/01/2010The Free Market
The Free Market 28, no.11 (July 2010) During the academic year that encompassed the fall term of 1964 and the spring term of 1965, I was a freshman in college. I was also in my first year of intercollegiate debate, after four years of interscholastic debate in high school. I’m sure debate has...


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The Killing of the American Dream

Big GovernmentU.S. Economy

10/01/2010The Free Market
The Free Market 28, no. 10 (July 2010) USA Today offered a roundup of how the great recession has affected American life. The trends are gleaned from US Census data, which provide a look at how economic downturns can devastate a society, and offer a glimpse into a theme that the Austrian tradition...


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The Case for Legalizing Capitalism

Free MarketsInterventionism

08/01/2010The Free Market
I wanted to explain free markets in plain English to average citizens, so that they could understand which government policies help or harm them, and, as a consequence, so that they could vote in such a way as to improve their lives.


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How Far Will We Fall?

InterventionismProduction Theory

07/01/2010The Free Market
What ultimately matters for the well-being of society is the degree to which our wants are satisfied, and therefore the actual usefulness of goods.


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The Economics of Healthcare Reform

Big GovernmentHealthInterventionism

06/01/2010The Free Market
The only solution to increasing costs is to eliminate government interference in the market and to allow the price mechanism to work as it should. Consumers who pay out of their own pocket will search for the cheapest solutions to suit their needs, while providers of healthcare will compete,...


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