Correcting Thomas Sowell on Boom-Bust
Despite all his worthwhile contributions, and despite being a self-proclaimed supply-side economist, Dr. Sowell fails to convincingly explain the cluster of errors which led to the housing boom
Faith and Freedom
The archives of what we are calling the Old Freeman are now complete, more than 100 issues of this extremely rare periodical.
Today we are putting up a publication hardly anyone even knows about. It was called Faith and Freedom, from the early 1950s. Talk about the memory hole!
From the Runways of Austria ...
It’s Economics Week here in Austria. The two haute couture lines creating the most buzz are “Laissez-Faire,” by Ludwig von Mises, and “Après Moi le Déluge” by British export, John Keynes.
Stop Signs and Liberty
Deliver an insult and you are arrested. Try to run and you are gunned down. Fail to pay and you end up in the slammer. And maybe the cop will find something else about your life to be suspicious of.
John Law and the Invention of Modern Finance
John Law may have died in disgrace after his Mississippi System failed in 1720, but government and its cheerleaders in the economics profession continue to embrace his ideas.
Are Patents “Monopolies”?
On occasion you get some defender of patents who is upset when we use the m-word to describe these artificial state-granted monopoly rights. For example here one Dale Halling, a patent attorney (surprise!) posts about “The Myth that Patents are a Monopoly” and writes, “ People who suggest a patent is a monopoly are not being intellectually honest and perpetuating a myth to advance a political agenda.”
Are Patents “Monopolies”?
On occasion you get some defender of patents who is upset when we use the m-word to describe these artificial state-granted monopoly rights. For example here one Dale Halling, a patent attorney (surprise!) posts about “The Myth that Patents are a Monopoly” and writes, ” People who suggest a patent is a monopoly are not being intellectually honest and perpetuating a myth to advance a political agenda.”
The Pre-FEE Freeman
The Freeman had a long existed before editorial control was handed over to the Foundation for Economic Education. It was a continuation of a publication started by Albert Jay Nock in the 1920s.
The Distributivist Analysis
Allan Carlson, who has old liberal impulses but an aversion to modern economic structures, reports on a conference on Belloc-Chesterton-style Distributivism (or distributism) that took place in England this month, featuring philosophers and theorists of various sorts.
Ebeling Interview
A wide-ranging and interesting interview with a leader in the Austrian School today.
