Review of Friedrich Hayek: A Biography by Alan Ebenstein (New York: Palgrave, St. Martin’s Press, 2001).

In the more than twenty-five years since Austrian economist Friedrich A. Hayek was awarded the 1974 Nobel Prize in Economics, dozens of books and collections of essays, as well hundreds of popular and scholarly articles, have been devoted to expositions and critical evaluations of his contributions to economics and to political and social philosophy.

Government intervention designed to stop the spread of disease is making matters worse, by destroying property and institutionalizing a moral hazard. Christopher Westley explains.

If millions of mutual investors should stampede out of their holdings, would they cause a “mutual fund death spiral”? Under the Investment Company Act, the SEC is authorized to suspend the redemption obligation.

California’s Third World-style energy crisis is a symptom of a deeper problem: pervasive economic ignorance that starts at the top. Thomas DiLorenzo reports.

CNN Newsroom enthusiastically reported on the militarization of schools in Russia. Adam Young draws attention to the reality behind the propaganda.

Bush’s tax cut proposal is way too modest. Here’s James Ostrowski’s plan for a $21 trillion tax cut. It would not only get the economy going; it would restore a free market.

For a decade, calls for easy money and cheap credit were subdued. But now that hard times are upon us again, guess what? Martin Masse explains.

Pundits often blame tight money for economic downturns. But what about the loose money policies that created the unsustainable boom in the first place? John Cochran explains.

President Bush stands accused of using his supposedly superhuman powers to drive us into recession. William Anderson wonders whether he will also be accused of casting spells to bring down the Dow.

Distinguishing innovation from chicanery is not always easy, particularly when a market is developing much faster than the average consumer will gather information about it. The market for digital currencies is one of those markets. Publicized failures of new gold-based currencies make it more difficult for others who have viable plans for new systems of exchange. It is appropriate, therefore, to first examine the rationale behind money before we invest heavily in plans to create new currencies.