A Letter to the President of IBM

The Free Market 9, no. 7 (July 1991)

Dear Sir:

I noticed the following headline in the New York Times recently: “Earnings Plunge at IBM—Quarterly Sales Fall Across Most of Line.” Another Times story reports that IBM “has been pushed out of the personal computer and software spotlight by its software partner, the Microsoft corporation.” A third article reports that 21 computer makers are forming an alliance—Advanced Computing Environment (ACE)—to create new standards for computer work stations in direct competition with IBM.

Attack of the Killer Cows

The Free Market 9, no. 9 (September 1991)

 

Environmental activists have recently uncovered a plot to destroy The Planet. A foreign race has managed to infiltrate our most pristine spaces with a simple but devastating scheme: to stomp, chew, and defecate The Planet into oblivion. They are perhaps the least suspect of our fellow fauna. They are The Cows.

Mysterious Fed, The

The Free Market 9, no. 10 (October 1991)

 

Alan Greenspan has received his foreordained reappointment as chairman of the Fed, to the smug satisfaction and contentment of the entire financial Establishment.

For them, Greenspan’s still in his heaven, and all’s right with the world. No one seems to wonder at the mysterious process by which each succeeding Fed chairman instantly becomes universally revered and indispensable to the soundness of the dollar, to the banking and financial system, and to the prosperity of the economy.

Bush’s Recession

The Free Market 10, no. 1 (January 1992)

 

Now that communism has collapsed, the most powerful socialist force in the world is the coalition between George Bush and the national Democratic Party. The Washington establishment has learned absolutely nothing from the collapse of socialism. It still ignores Ludwig von Mises and the Austrian School by responding to its worldwide collapse with—you guessed it—more socialism.

The “Sustainable Development” Scam

The Free Market 10, no. 1 (January 1992)

 

Eco-socialists have to find some way to “Sustainable foist their ideas on the public. The term “socialism” doesn’t sell anymore, but there are proxies. One is “sustainable development.”

Like most left-wing verbiage, sustainable development is designed to sound like something everyone wants. Unmentioned is who decides what development is and isn’t sustainable. Not entrepreneurs and consumers, but government.

The Recession Explained

The Free Market 10, no. 1 (January 1992)

 

I told you so!” may not be considered polite among Recession friends or acquaintances, but in ideological clashes it is important to remind one and all of your successes, since neither the indifferent nor your enemies are likely to do the job for you.

Privatization vs. the State

The Free Market 10, no. 1 (January 1992)

 

Bertrand de Jouvenel wrote that history “is the picture of a concentration of forces growing to... the state, which disposes, as it goes, of ever ampler resources, claims over the community ever wider rights, and tolerates less and less any authority existing outside itself.”