The Free Market

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The Market Process in Action

Free MarketsInterventionism

07/01/2008The Free Market
When you do a lot of driving, $4 gas eats up a pretty big chunk of your disposable income and requires a few adjustments to the way you live. So how does the market coordinate these changes?
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julyaug08_0.pdf

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The Cause of the Food Shortage

Free MarketsInterventionism

05/01/2008The Free Market
In sum, the real cause of continually rising food prices is the printing of money by world governments. And the real cause of actual food shortages is the prevention of profitable global trade in food by the ill-advised policies of the governments of the very people who are starving.
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may08_0.pdf

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What Causes Moral Hazard?

Big GovernmentInterventionism

04/01/2008The Free Market
Moral hazard is the incentive of a person A to use more resources than he otherwise would have used, because he knows, or believes he knows, that someone else B will provide some or all of these resources. The important point is that this occurs against B’s will and that B is unable to sanction...
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apr08_0.pdf

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The War on Recession

Booms and BustsBusiness Cycles

03/01/2008The Free Market
It’s time that we question the very foundations of this war on recession. The recession is a regrettable but inevitable backlash against a boom that was not justified by the fundamentals.
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mar08_0.pdf

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The Folly of Stimulus

Booms and BustsBusiness Cycles

02/01/2008The Free Market
The problem for free-market economists is that their policy recommendations at the dawn of recession are not too sexy to the political mindset. They involve either doing nothing to hinder price adjustments, or actively removing extra-market barriers to price adjustments that already exist. This...
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feb08_0.pdf

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The Task is Ours

Free MarketsInterventionism

01/01/2008The Free Market
One of our gravest problems is that we find ourselves confronting the armies of bureaucrats who already control us, and who have a vested interest in keeping and expanding the controls they were hired to enforce. . . . We libertarians have our work cut out for us.
Formats

dec07_0.pdf

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How the State Leads People to Destruction

War and Foreign Policy

01/01/2008The Free Market
The state is the most destructive institution human beings have ever devised—a fire that, at best, can be controlled for only a short time before it o’erleaps its improvised confinements and spreads its flames far and wide.
Formats

jan08_0.pdf

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Should We Loot the Rich?

Taxes and Spending

11/01/2007The Free Market
Redistribution is not ethical; it’s theft and destruction. It is simply a means to satisfy the envy of some who seek to harm those who have obtained greater wealth through the satisfaction of the wants of consumers.
Formats

nov07_0.pdf

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The Siren Song of the State

Political Theory

10/01/2007The Free Market
The state is the most destructive institution human beings have ever devised—a fire that, at best, can be controlled for only a short time before it o’erleaps its improvised confinements and spreads its flames far and wide.
Formats

oct07_0.pdf

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What's Wrong With American Sodas?

U.S. EconomyInterventionism

09/01/2007The Free Market
Whenever the public doesn’t get what it wants and consumer demand is subservient to corporate interest, the most likely culprit is government policy. On the free market, consumers drive production, whereas under a system of protectionist corporatism, politicians and bureaucrats guide the market.
Formats

sept07_0.pdf

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