The Political Commons
Rothbard’s Monetary Thought
An overlooked volume of essays deals with Rothbard’s monetary thought. Martin Stefunko regards it as mixed but valuable.
Is Saving Bad for the Economy?
Tax-Cut Fictions
Tax cuts are always a joy. But let’s dispense with the fiction that they constitute an economic stimulus. For that, we need an increase of savings and dramatic spending cuts.
Belly of the Beast
In a visit to Washington, D.C., William Anderson discovers vast waste, imperial architecture, a welfare mentality, and little to celebrate but the trip home.
Romania’s Stock Exchange: What Went Wrong?
Financial meltdowns and exploding funds have discredited the free capital market in Romania. But was it a case of market, or government, failure? Tudor Smirna investigates.
$300 Is Not Enough
Bush’s tax cut means that a small amount of money will escape the clutches of our ruling class, but it is no great triumph for our liberty or our wallets.
A Lost Treasure
In 1940, Mises set out to explain the errors of “middle-of-the-road” policies. He ended up writing the history of the next ten years before they occurred. Robert Murphy is the reviewer.
Language and Power
New York Times columnist Paul Krugman usually writes about how deplorable tax cuts would be. But every so often he takes a break from the fight against tax cuts to write about the energy mess in California.