FTC and Intel

Here we go again with real competition being portrayed as anticompetitive. The front page of the San Jose Mercury News reads, “FTC declines to probe Intel” because the head of the FTC is not moving forward with requests by Intel competitor AMD and lawmakers to look into illegal practices by Intel. In addition, South Korea and the European Commission have accused Intel of antitrust violations.” Fortunately, Deborah Majoras, the FTC’s chairwoman, has rejected the requests to formally investigate Intel.

Last Knight Live Blog 10 Kraus

Chapter 7 entitled The Great War is an extremely rich source of colorful material about Mises’s years during the World War I. The war years were quite busy for him. He was almost constantly on the road between dangerous assignments on the front and various capacities as a civil servant.During the time at the front, as in his life as scholar and civil servant, we encounter him as a courageous, principled, and dedicated officer fully committed to the task of preparing and leading his men in the battle.

My letter re: Friedman’s take on the Great Depression

THE FREEMAN Letters to the Editor Thanks to Milton Friedman’s brilliance, charisma and diplomacy he became an ardent spokesman for many free market reforms in this country. And now Ivan Pongracic, Jr. (The Great Depression According to Milton Friedman, September 2007) gives him credit for convincing Fed officials that the Fed itself was responsible for precipitating the crash and the 1929-1933 monetary contractions that followed. But the contractions were only the spark that brought the boom to an end; the seeds of the depression itself were sown in the preceding boom.

Milton Friedman Bleg

Milton Friedman’s best-known technical works are his Theory of the Consumption function (1957) and the Monetary History of the United States (with Anna Schwartz, 1963). But it is rarely mentioned that Friedman won the John Bates Clark Award (given by the AEA every two years to the best American economist under 40) in 1951, years before these works appeared.

Knight on Hayek’s Road

The new edition of Road to Serfdom that we are now carrying is called the “definitive edition” because it includes referee reports on the book, and other materials. Here is a report on the pre-publication manuscript from Frank Knight (1943): “In sum, the book is an able piece of work, but limited in scope and somewhat one-sided in treatment. I doubt whether it would have a very wide market in this country, or would change the position of many readers.”

The First and Next 25 Years

Llewellyn H. Rockwell, Jr., speaks of the past and future of the Mises Institute: Mises knew that it is not enough to hold the right views, though this is an essential step. It is just as important to do everything possible to see that these views are propagated and made compelling in a way that will transform society and politics. And this is why he became an advocate of a new institution that would be dedicated to liberty. This institution, he hoped, would not only be a source of new ideas. It would work to bring them about and realize them within the affairs of the human population. The marketplace for ideas is built entirely upon ideas that have been discovered, heralded, and disseminated, and thereby become part of the structure of the world in which we live. In the same way that an entrepreneur cannot be content to merely imagine a shopping mall or a new search engine, but must also see these dreams realized economically and then marketed, in that same way we must not and cannot be content to merely hold sound views. We must work to see them realized.
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