David Stockman discusses his new book, the gold standard, bailouts, and the problems the American economy faces today.
The Free Market: In the book, you oppose Bernanke’s view of the Great Depression, which you point out relies heavily on the views of Milton Friedman.
For thousands of years, philosophers have argued that society must invest great power in the rulers because only great power can hold back the forces of evil—violence, plunder, and disorder. They have often conceded, however, that this solution has a down side: powerful rulers may themselves resort to violence and plunder.
Air travelers were outraged when the FAA announced that there would be flight delays because air-traffic controllers had to take furloughs as a result of sequester budget cuts. But there is another federal agency whose budget cuts Americans should be cheering—the Drug Enforcement Administration.
Ron Paul, Distinguished Counselor to the Mises Institute, recently released his new book The School Revolution: A New Answer for Our Broken Education System. Dr. Paul spoke with us about his new book and how decentralization, competition, and online instruction are revolutionizing education.
The Free Market: Your books in the past have tended to address issues such as hard money, private property, and central banking. Why are you now looking at education?
Professor Ludwig M. Lachmann, one of the most prominent members of the Austrian school, has centered his long and productive career around the importance of subjectivism in economics. From his early work on the role of expectations to his more recent endeavors in capital theory and the market process, Lachmann has been a tireless advocate of subjectivism and methodological individualism.
Richard Ebelling interviews G.L.S. Shackle about his time at the London School of Economics and his views on economics as a science.
Henry Hazlitt is interviewed about his life, the Austrian School, and his recent book, Is Politics Insoluble?
James Buchanan is interviewed on his recent award of the Nobel Prize in Economics.
Professor Karl Socher of the University of Innsbruck, Austria discusses Austrian Economics in its homeland.
Murray N. Rothbard is interviewed on various economic concepts, Ludwig von Mises, and many of his articles and books.
