Why the Slump Lasts
It is the inevitable consequence of Fed interest-rate manipulations to disturb, disrupt, and disarrange economic activity, writes Hans Sennholz.
Reich is Wrong
A former secretary of labor regrets the state’s declining effective power over economic life. A review by Christopher Westley.
Tennessee in Revolt
Tax protestors prevailed and stopped a new tax. Some lawmakers called it “mob rule,” but it was really just state taxpayers trying to preserve liberty.
Money and Interest
On June 27, citing the downturn in economic activity, the Fed announced that it had lowered the target for the federal funds rate by 0.25 percent, to 3.75 percent. Since January, the U.S. central bank has lowered its target by 275 basis points.
Letter from England: Why Tories Lose
Conservatives’ idea of public policy is to outspend the statists and outregulate the regulators. And, writes Norman Barry, they have lost six million votes since 1992.
Antitrust Violates Rights
I recently received a Cato Institute policy analysis attacking antitrust laws, calling them “just another form of inefficient economic regulation.”1 As papers on this subject go, it is accurate, and it certainly scores points for those who have long been arguing against these laws.
Shark versus Boy
Sometimes you have to make a choice between man and the natural world. As Tibor Machan notes, environmentalists often side against man.
The Chicago Blues
The city of Chicago has a long, notorious history of corrupt and intrusive politicians who care nothing about personal freedom. Douglas Carey did not realize how bad it truly was until he moved to there.
The Fallible Fed
Martin Mayer is one of the few financial journalists to seriously question the claims of the Federal Reserve. Sadly, he does not go far enough.
Dangers of the AMT
The Alternative Minimum Tax was supposed to soak the rich. Predictably, it is now poised to soak huge swaths of the middle class.
