The Free Market Reader
Index
Compiled by Nancy Oliver
Act for Better Child Care Services (ABC bill), 287, 288
Action Committee for Europe, 336
Acton, Lord, 208
Adams, Ted, 132
Africa, East, 224
South, 97, 131–33, 146, 148, 189
Aquired Immune Deficiency Syndrome (AIDS), 325
Airport congestion, 257
Airports, 259
Aldrich, Nelson W., 116
Alford, J. Tucker, 105
Algeria, 321
Amalgamated Clothing Workers, 251
American Association of Retired Persons, 284
American Bar Association, 251, 319
American Eagle coin, 98
American Enterprise Institute, 374
American Mercury, 210
American Spectator, 282
America’s Great Depression, 192
Andreas, Dwayne, 317
Andrew, Piatt A., 116
Andropov, Yuri, 229
Anti-trust laws, 16
Anti-Capitalistic Mentality, 181
Apartheid, 131, 190
Aquaculture, 265
Archer-Daniels-Midland, 317
Arnold, Roger, 202
Arrow, Kenneth J., 331
Articles of Confederation, 128, 129, 295
Atlas Economic Research Foundation, 167
Auburn University, 168, 201, 202, 204
Auchincloss, Kenneth, 209
Austrian, 73, 90, 95
Chamber of Commerce, 174
School of Economics, 93, 100, 165, 171, 172, 184, 201, 333, 364
Institute for Business Cycle Research, 174
Baker, Howard, 379
Baker, James, 112, 344, 364, 376, 377, 379, 382, 385
Balance of Payments, 112, 159
Balance of Trade, 126, 127, 138, 142, 143
Balanced Budget Amendment, 296ff.
Balladur, Edouard, 338
Bank, Banking
of Boston, 252
Central, 28, 52, 53, 86–88, 93, 100, 102, 110, 116, 118, 122, 160, 173, 186, 192, 195, 220, 304, 333, 337
credit, 52, 63, 85
commercial, 78
of England, 84
free, 100
for International Settlements (BIS), 338
of Japan, 335
runs, 77, 79
Second Bank of United States, 300, 301
thrifts, 78
Bargaining chips, 383
Barnum, P. T., 299
Baruch, Bernard M., 94
Baruch College, 205
Bastiat, Frederic, 127, 153, 366, 376, 377
Batemarco, Robert, 40
Bauer, Peter T., 320
Becker, Horace, 36
Bell, Alexander Graham, 215
Bennett, William, 284, 285
Berkeley, University of California at, 325
Bethell, Tom, 226
Billings, Josh, 209
Bimetallism, 300
Black, Angus, 133
Black Monday, 62, 64, 275, 308ff., 362
Bland-Allison Act, 302
Block, Walter, 41, 65, 195, 201, 266, 270
Blue Eagle, 251
Blumert, Burton S., 213
Böhm-Bawerk, Eugen von, 45, 89, 100, 171, 187, 195, 217
Boesky, Ivan, 374
Body Parts, 270ff.
Bogart, Ernest Ludlow, 303
Bolingbroke, Lord, 286
Boskin, Michael, 323–27, 332, 334
Bradley, Bill, 88
Brady Commission, 316
Brady, Nicholas, 314ff.
Brezhnev, Leonid, 184
Brokerage Industry, 274
Brookings Institution, 333
Brooklyn Polytechnic, 192
Buchanan, James, 179
Buckley, William F., Jr., 210
Budget
balanced, 296ff.
Balanced Budget Amendment, 396
cut, 32, 34
deficit, 310
Burckhardt, Jacob, 361
Bureaucracy, 187, 293
Bureaucracy, 291ff.
Bureaucrats, 66, 261, 292ff.
Burns, Arthur F., 73, 120, 191, 326
Bush, George, 211, 323, 329, 379, 388
Business
big, 57, 289
cycles, 63, 69, 70, 88–91, 93ff., 115, 119, 177, 220, 299ff., 324
Butcher, Willard C., 55
Calculation, economic 48, 49, 236, 239, 246, 252, 253
Calhoun, John C., 14
California, 82
Cambodian genocide, 256
Canada, 107, 111
Cantillon, Richard, 142
Cape Town, University of, 189
Capital, 95, 125, 172, 247
budget, 324, 325
gains, 347–49
Capitalism, 40, 48, 56, 57, 240, 244, 246, 248, 249
Carlson, Chester, 35, 36
Carter, Jimmy, 16, 37, 38, 82, 146, 286, 292, 322, 365–367, 372, 379, 386, 387, 389
Caste analysis, 17
Caste conflict, 39
Catallactic, 70
Central planning, 240, 250, 252, 255
Chapman, Stephen, 383
Chase Manhattan Bank, 38, 55, 101, 121
Chicago School, 340
Child care, 286ff.
China, 230, 255
Chrysler, 130, 253
Civil Aeronautics Board (CAB), 258, 260
Civil War, 264
Clear Springs Trout Company, 265
“Cluster box” system, 277
Cochran, Bourke, 303
Colbert, Jean-Baptiste, 131
Columbia University, 191
Commerce Department, 39, 70, 127, 251, 319
Commodity Credit Corporation, 319, 322
Communist, communism, 60, 168, 224, 232, 256
Communist Manifesto, 45
Comparable worth, 67
Conceived in Liberty, 194, 197
Conservative Digest, 185
Constitution, 125, 126, 129, 295–97, 306ff., 353, 372
Consumer Price Index, 93
Consumer Product Safety Commission, 15, 319
Consumer sovereignty, 57–59
Continental, 107, 114
Confederacy, 302
Corporate Average Fuel Economy (CAFE), 389
Corporations, 351, 352
Costs
of production, 141, 247
subjective, 141, 144, 157
Council for a Competitive Economy, 128
Council of Economic Advisors, 104, 368, 377
Credit Lyonnais, 335
Crime, victimless, 274
Cronkite, Walter, 170
Crowding-out effect, 21
Cuomo, Mario, 136
Czechoslovakia, 183
Dairy, 317
Dallas, University of, 188, 201
Dames & Moore v. Regan, 147
Davison, Henry P., 116
Debt, 121
Mexican, 120
Third World, 121
Deficit Reduction Act, 388
Deficits, 19ff., 34, 96, 296, 305, 367
Deflation, 27, 28
DeGaulle, 176
Degressive, 345
Democrat, Democratic 104, 332
Democracy, 342
Denationalized, 100
Denson, John V., 203
Department of Education, 285ff., 386, 389
Department of Energy, 37, 286, 374, 386, 389
Department of Justice, 266, 374
Department of Veterans’ Affairs, 389
Depreciators, accelerators, 349
Depression, 90
Depression, the Great, 94, 110, 119, 129, 175, 195, 373
Deregulation, 373, 389
DeMuth, Christopher, 374
D’Estaing, Valery Giscard, 336
Digital Equipment Corporation, 252
Discrimination, 41–43, 44
Disinvestment, 132
Dodd, Christopher, 287
Dole, Robert, 344, 380
Drought-relief, 386
Drucker, Peter, 208
Dukakis, Michael, 251, 252, 323, 329, 330
Dumping, 141, 144, 155ff.
Eastern Airlines, 259
Ebeling, Richard, 201, 239
Ebsen, Alf, 213
Economic calculation, 48, 49, 236, 239, 246, 252, 253
warfare, 146
Economic Recovery Act, 387
Economist, 337
Economy, mixed, 240
Ecu Banking Association, 335
Egypt, 321
Einaudi, Luigi, 176
Eisenhower, Dwight, 32, 38
Ellis, Abraham, 281
Emergency Economic Powers Act, 147
Employment, 66
protection, 68
Entitlements, 386
Entrepreneur, 241, 268, 269, 278, 354
Environmental Protection Agency (EPA), 15, 286, 319
Envy, 181ff.
Epistemological Problems of Economics, 175, 219
Erhard, Ludwig, 176
Erickson, Nellie, 165, 203
Establishment, 83, 103, 298, 314
Ethics of Liberty, 194, 199
Ethiopia, 321–24
Europe, Western, 88, 110, 307
European
Central Bank, 335ff.
Currency Unit (Ecu), 335ff.
Investment Bank, 335
Monetary System, 336
Evolution, 47
Exchange
rate, 54, 62, 83ff., 86, 87, 110
fixed, 53, 83, 109, 111
Export-Import Bank, 123, 127, 322, 384
Fair Deal, 379
Fairness, 355ff.
Famine, 223, 224, 225
Farmland Dairies, 135
Farm programs, 386
Fascist, fascism, 60, 250, 253.
Federal Aviation Agency (FAA), 258–60
Federal Deposit Insurance Corporation (FDIC), 75, 77, 79
Federal Express, 278, 279
Federal Insurance Contributions Act (FICA), 282
Federal Register, 123
Federal Reserve, 20, 21, 62, 64, 65, 69, 70, 76, 79, 88, 90, 91, 101, 105–08, 114–19, 121, 160, 173, 191, 209, 277, 299, 304, 305, 311–17, 319, 325, 326, 328, 335, 336, 341, 364, 365, 377, 378
Act, 38, 94
Federal Savings and Loan Insurance Corporation (FSLIC), 75–77, 79
Federal Trade Commission, 16, 116, 286, 319
Feldstein, Martin, 327ff., 331, 334
Fertig, Lawrence, 176, 178, 179, 187, 212
Ferrara, Peter, 284
Feudalism, 254
Fisher, Anthony, 167
Fisher, Irving, 208, 340
Flew, Antony, 231
Food and Drug Administration, 319
For a New Liberty, 192, 198
Forbes, 337
Forecasting, economic, 25
Foreign Aid, 320ff., 387
Foreign Economic Policy, 376ff.
Ford, Gerald, 104, 322, 378, 379, 386, 387
Ford Motor Company, 125
Fort Knox, 99
Foundations of Morality, The, 228
Founding Fathers, 122, 134, 147
Fractional reserves, 78, 107, 160
France, 111
The Freeman, 210
Free Market, 200
Friedman, Milton, 22, 120, 207, 339, 351, 355, 378
Friedmanite, 53, 54, 86, 87, 113
Fuller, Ida, 282
Fund, John, 209
Galbraith, J. K., 112, 237
Garrison, Roger, 201
General Accounting Office (GAO), 278
General Electric, 251, 252
General Motors, 125
General Theory, 175, 188, 189, 329
George Mason University, 40, 43
Gephardt, Richard, 380
Germany, West, 111, 112, 364, 384
Girard College, 214
Glasnost, 255
Glass-Steagall Act, 275
Gold, 84, 86, 88, 91, 97, 99, 100, 102, 160, 337
Gold coin standard, 53, 54, 64, 83, 89, 93, 104, 109, 114, 118, 159, 168, 191, 296, 299, 300, 301, 304, 338, 341
Gorbachev, Mikhail, 226, 227, 229, 230
Gordon, David, 45, 201
Gramm-Rudman, 368
Great Britain, 109, 111, 349
Great Society, 379
Greed, 183
Greenspan, Alan, 103–05, 312, 314, 326, 364, 379, 388
Greider, William, 117, 119, 120, 121
Gresham’s Law, 54, 110, 113, 302
Gross Federal Debt, 387
Gross National Product, 32, 39, 40, 71, 91, 193, 297, 366, 367, 372, 388
Group of Seven, 111, 112
Gyoten, Toyo, 55
Haberler, Gottfried, 167
Haloid Company, 36
Hamilton, W. P., 215
Hammer, Armand, 317
Harley Davidson, 384
Harper, Baldy, 167
Harper’s, 292
Hatch, Orrin, 288
Hawley, E. W., 319
Hayek, F. A., 88, 89, 165, 167, 174, 175, 177, 199, 211, 221, 228, 234, 338
Hayes, President, 302
Hazlitt, Henry, 43, 136, 176, 178, 179, 184, 185ff., 187, 189, 194, 200, 202, 203, 204–06, 208, 209, 212, 213, 214, 228, 325
Heller, Walter, 360
Henry Hazlitt Fund, 201
Hefner, Hugh, 183
Hegel’s Geist, 47
Higgs, Robert, 146, 306
Hiroshima, 149
Hoff, Trygve, 227
Homoeconomicus, 178
Hong Kong, 139, 315
Hoover, Herbert, 14, 120, 251, 273, 305, 311, 373, 376, 381, 389
Hoppe, Hans-Hermann, 201, 244
Hospitals, 272
Howe, Neil, 282
Hughes, Mark D., 40, 134
Human Action, 48, 50, 164, 187, 216, 240, 242
Hungary, 255
Hutt, William H., 52, 179, 184, 185, 188ff., 194
Iacocca, Lee, 128, 130, 145
Idle Capacity, 50–56
Idleness, 52
Ignatius, David, 230
Import, 123, 124
Income, “imputed,” 346
India, 321
Industrial Revolution, 27, 152
“Infant industries,” 158
Inflate, 375
Inflation, 19, 22, 24, 26, 27, 51, 53, 69, 79, 84, 88, 89, 91, 94, 96, 97, 100, 117, 119, 173, 192, 261, 313, 326, 363, 375
“bracket creep,” 370
double-digit, 62
expectation, 24
hyper, 84, 302
premium, 64
recession, 50
Insider trading, 274
Institute for Humane Studies, 167
Institute of Sociology, 231
Institutionalism, 175
Interest group, 13, 38
special, 333, 342, 343
Interest rates, 21, 22, 24, 62–65, 89, 96, 120, 173, 311, 333, 363
International Business Machines (IBM), 36, 76
Internal Revenue Service, 330, 347, 353, 354, 370, 371, 372, 380
International Monetary Fund, 102, 112, 187, 207, 337, 338, 387
Interstate Commerce Act, 318
Interstate Commerce Commission (ICC), 116, 318, 319
Intervention, government 86, 170, 193, 242–44, 299
Investment, 22, 245, 311
Iran, 146
Iran-United States Claims Tribunal, 146
Israel, 321
Italy, 111
Jackson, Andrew, 101, 117, 122, 301
Jagger, Mick, 294
Jagiellonian University, 234
Japan, 111, 112, 123, 125, 139, 141, 145, 148, 157, 382, 384
Japanese, 127
Jefferson, Thomas, 295, 296, 356
Jobs, 65ff.
John Hancock Mutual Life, 252
Johnson, Lyndon, 178
Johnson, Samuel, 216, 220
Jordan, Jerry, 113
Joseph, Sir Keith, 262
Kahn, Alfred E., 258
Kaiser, Robert, 226, 230
Kemp, Jack, 88, 112, 380, 381
Kennedy School of Government, 329
Kennedy, Ted, 38
Keynes, 101, 175, 188, 323–25, 328, 329, 339
Keynesian, 26, 34, 50, 52, 51, 53–56, 83, 84, 86, 90, 104, 112, 175, 184, 190, 197, 204, 205, 283, 311–13, 323, 324, 327, 330, 332–34, 340, 368, 369, 378–80
Kildee, Dale, 287
Kirkpatrick, Jeanne, 380
Kirzner, Israel, 165, 177, 178, 202
Klein, Joe, 380
Knight, Frank, 340
Koch, Edward, 82, 136
Kodak, 35, 36
Koether, George, 166
Kolko, Gabriel, 318
Korea, South, 139, 382
Kourouma, Michelle, 133
Kristol, Irving, 285
Krugerrands, 132
Kuhn Loeb & Company, 116
Labor, 125
child, 69
division of, 124
Laffer, Arthur, 368, 369
Laffer Curve, 29, 340, 342
LaGendre, Thomas, 131
Laissez-faire, 17, 89, 131, 153
Lange, Oskar, 50, 228
Las Vegas, Nevada, 202
Law of the Sea Treaty, 266
Legal-tender laws, 101, 301
Lenin, Vladimir, 181, 229, 330
Leningrad, 238
Less Developed Countries (LDCs), 320
Liberalism, 46
Libertarian, 232
Libya, 146, 148
License, licensing, 68, 69, 137, 287, 290
Liggio, Leonard, 178
Littler, Graeme B., 273
London School of Economics, 189
Loophole, 345ff.
Loot seekers, 134
Luddite fallacy, 375
Louvre Accord, 64
Machlup, Fritz, 165, 167
Malthus, Thomas, 56
Man, Economy and State, 192, 193, 197, 199, 221
Marketing, 57
Marx, Karl, 14, 46, 49, 171, 172, 183, 237
Marxism/Marxist, 45, 47, 49, 62, 90, 171, 187, 190, 224, 232, 248
Christian, 183
Massachusetts, 107, 250, 251
Massachusetts Capital Resources Corporation, 252
Massachussetts Industrial Finance Agency, 252
Mathematics, 49
McCaffrey, Neil, 166
McClure, Jessica, 288
Medicaid, 119, 386
Meese, Ed, 285, 286
Mencken, H.L., 186, 200, 205, 342, 343
Menger, Carl, 100, 171, 187, 217
Mercantilism, 161
Mercantilist, neo, 140
Methodology, 70, 73, 175, 219
Mill, John Stuart, 221
Miller, Bradley, 180, 291
Minorities, 67
Mises, Ludwig von, 13, 14, 34, 39, 41, 45–48, 56, 70, 88, 100, 101, 115, 119, 122, 128, 135, 139, 144, 145, 163, 166–69, 170ff., 177ff., 184, 187, 190, 191, 197, 200, 216ff., 227, 234, 239, 242, 252, 255, 293, 300, 305, 333, 336
Mises, Ludwig von Institute, 168
Mises, Margit von, 163, 176, 202, 213
Misesian, 95
Mitchell, Wesley C., 73
Mitin, M. B., 47
Mitterrand, Francois, 336
Mondale, Walter, 116, 117, 292
Monetarists, 86, 90
Monetary policy, 97ff.
Monetary Control Act of 1980, 121
Money
fiat money standards, 53, 84, 105, 160
M-l, 121
prices, 236, 246
supply, 23, 93, 108, 109
True Money Supply, 121, 193
Monopolist, 262
Monopoly, 317ff.
natural, 280
prices, 196, 276
Montesquieu, 221
Mont Pelerin Society, 179
Morgan, J. P., 105, 116, 118
Morgan Guaranty, 102, 105, 335
Morgenstern, Oskar, 167
Morocco, 321
Mozambique, 224
Mundell, Robert, 112
Municipal bonds, 352
Mussolini, Benito, 250, 251
Mystery of Banking, The, 192, 234
Nagasaki, 149
National Association of Blacks, 132
National Association of Manufacturers, 251
National Bureau of Economic Research (NBER) 70ff., 331, 371
National City Bank, 116
National Conference of Black Mayors, 133
National curriculum, 284
National Health Federation, 279
National income, 297, 387
National Industrial Recovery Act, 319
Nationalism, Nationalist 148, 152
Nationalökonomie, 175
National parks, 373
National Recovery Administration (NRA), 251
National Review, 198, 210
National Tax Association, 325, 331
National Urban League, 132
Nation, State, and Economy, 218
Natural resources, 263ff., 350
Nazi, 60, 220
Netherlands, 146
Nevada, University of, 192, 201
New Deal, 15, 198, 273, 324, 329, 379
New Order, 112, 113
Newsweek, 187, 205, 209, 210
New York, 69, 80, 81, 82, 135, 138, 352
New York, College of the City of, 215
New York Evening Post, 215
New York Federal Reserve Bank, 314
New York Magazine, 380
New York Stock Exchange, 375
New York Times, 104, 170, 187, 188, 215, 323, 326, 373
New York Times Magazine, 250
New York University, 176, 178, 180, 187, 191, 200, 202, 212
New Zealand, 237
Nicaragua, 146, 148
Nietzsche, 181, 294
Nihilism, 226
Niskanen, William, 368, 376
Nixon, Richard, 85, 110, 115, 121, 209, 322, 324, 378, 379
North, Oliver, 291
Nozick, Robert, 199
Nutter, Warren, 179
Nyerere, Julius, 321
Occidental Petroleum, 317
Occupational Safety and Health Administration (OSHA), 15, 286
Office of Foreign Assets Control, 147
Office of Management and the Budget, 374, 388
Omnipotent Government, 187
OPEC, 96, 312
Opel, John, 314
Orwell, George, 294
Overseas Private Investment Corporation, 127, 322
Pace University, 202
Pakistan, 321
Panic of 1819, 151, 191, 195, 300
Parkinson’s “Law,” 23
Pascal, 294
PATCO, 258
Paul, Ron, 37, 97, 115, 122, 123, 206, 213, 295, 314
Payments in Kind (PIK), 375
Pechman, Joseph A., 333
Peddling, 69
Perestroika, 255, 256
Peterson, William, 177
Phillips, A. W., 26
Phillips Curve, 26, 27, 313, 314, 331
Poland, 231–34
Politicians, 66, 261
Ponzi, Charles, 283
Poor, 119
Post Office, 192, 261, 276ff., 317
Power and Market, 192, 193
Praxeology, 175, 180, 219
Pressure groups, 81
Price
controls, 243, 275, 326
market, 246
monopoly, 196
predatory price-cutting, 156
system, 41, 42, 51
Privacy, 275, 279
Private enterprise, 78, 80
Private Product Remaining, 40, 193
Privatization, 260ff., 266, 326
Production, mass, 57
Profit, 268
Progressive Era, 198, 318
Property, 56
private, 57, 61, 236
rights, 264, 266, 389
Protectionism, 87, 124, 127, 145, 148, 152, 153, 158, 160, 381, 382ff.
PTL, 294
Quotas, 125, 150ff., 383ff.
import, 31, 32, 159
Raico, Ralph, 178
Racism, 40, 42, 44, 149
Rahn, Richard W., 70
Raiders, 274
Rand, Ayn, 104
Randianism, 105
Reagan, Ronald, 93, 116, 123, 211, 229, 284, 285, 352, 363, 366, 367, 369, 373, 381ff., 390
Administration, 14, 38, 87, 96, 113, 138, 144, 266, 277, 373, 375
“Reagan miracle,” 312
Reaganomics, 362, 365, 370, 376, 378ff., 381ff.
Raytheon, 252
Read, Dillon, 314, 315
Read, Leonard, 167, 179
Recessions, 90, 95, 119, 313
Redistribution, 95
Red Square, 238
Reed, Lawrence W., 233, 235, 299
Reed, Leonard, 292
Regan, Donald, 344, 361, 362, 379
Regulation, 32, 288, 290, 328, 375, 388ff.
Regulatory-Industrial Complex, 316ff.
Reich, Robert, 329ff., 334
Rent, imputed, 347
Republican, 285, 332
Republican National Convention, 365
Reserve requirements, 100
Revenue neutral, 360, 371
Revisionism, 198
Revolutionary War, 107
Ricardo, David, 173, 216
Richman, Sheldon L., 381, 385
Roads, 266ff.
Roberts, Oral, 181
Robertson, Pat, 380
Roche, George, 167
Rockefeller, David, 358
Rockefeller, John, 55, 105, 118, 121
Rockwell, Llewellyn H., Jr., 37, 39, 75, 100, 114, 116, 128, 144, 163, 164, 168, 170, 184, 195, 202, 203, 206, 212, 250, 276, 284, 295, 304, 323
Rollins College, 202
Roman Empire, 225
Romania, 123
Roosevelt, Franklin D., 97, 115, 120, 251, 273, 280, 293, 318, 324, 324, 333
Rothbard, Murray N., 19, 32, 35, 39, 40, 48, 50, 62, 70, 77, 83, 93, 97, 101, 108, 109, 115, 121, 122, 126, 127, 131, 148, 167, 170, 176–78, 185, 191ff., 201, 205, 213, 220, 223, 231, 234, 254, 257, 260, 263, 296, 300, 308, 332, 339, 362
Ruder, David, 275
Rueff, Jacques, 176, 179
Salerno, Joseph, 121, 202
Samuelson, Paul A., 208, 331
Savings, 63, 245, 311
private, 22
rate, 90
Savings and Loan Industry, 76
Say, J. B., 356
Scarcity, 66, 244, 249
Schultz, George, 326
Schumpeter, Joseph, 339
The Secrets of the Temple, 122
Securities and Exchange Commission (SEC), 273ff., 315, 319, 374, 375
Sherman Silver Purchase Act, 302, 303
Shields, Mark, 381
Shortages, water, 77
Skousen, Mark, 88, 194, 202, 209
Smith, Adam, 124–26, 161, 171, 172, 216, 365, 376
“value paradox,” 171
Smith, Hedrick, 237
Smith, Lee, 284
Smith, Winston, 294
Smithsonian Agreement, 85, 88
Smoot-Hawley tariffs, 124
Socialism, 48, 59, 223, 244ff., 254–56, 317
Socialism, 174, 234, 235
Socialists, 59, 260, 280
Utopian, 49
Social Security, 280ff., 386
Commission, 105, 388
program, 104, 118
system, 370
tax, 33, 38, 282, 370, 373
Society for Worldwide Interbank Financial Telecommunications (SWIFT), 335
Somalia, 321
Soviet Russia, 48, 226, 235, 237, 238, 255, 330
Special Drawing Rights (SDRs), 55, 337
Spending, 386ff.
“Spoils system,” 296
Spotts, Kathleen M., 286
Sprinkel, Beryl W., 87, 113, 377
Stalinist, 47
Stanley, Scott, 185
Stanford University, 284, 323
Steel Industry, 385
Stigler, George, 179
Stock index futures, 309
Stock market crash of 1987, 62, 64, 275, 308ff., 362
Subsidy, 345, 350
Sugar Industry, 343
Summers, Lawrence, 326, 330ff.
Supply-side economics, 112, 113, 187, 298, 339, 340ff., 379
Supreme Court, 298, 307, 340, 369
Switzerland, Basle, 338
Swope, Gerard, 251, 319
Syria, 146, 148
Taiwan, 139, 384
Tanzania, 321
Tariffs, 31, 32, 124, 129, 150ff., 157, 158
Tax, 29, 95, 307, 341, 387–88
business, 38
credit, 290
cut, 33, 34, 370ff.
flat, 28, 342ff.
hidden, 118
income, 29, 30
increases, 22, 33, 297, 310–11, 327, 373
payroll, 68
simple, 359ff.
Social Security, 33, 38, 282, 370, 373
tariff as a, 124
watch, 372
“windfall profits,” 37
Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA), 387
Taxi, 317
Tax Reform Act of 1986, 371ff.
Tehran, 146
Thatcher, Margaret, 262, 336
Theory and History, 47, 175, 187, 219
The Theory of Money and Credit, 172, 174, 217, 234
Third World, 224, 320, 330
Tocqueville, Alexis 221
Tories, 114
Trade, 389ff.
Trade deficit, 138ff., 193, 310
fair, 153ff.
surplus, 142
Transportation, 267
Treasury, 352, 358
bonds, 20, 281, 353
Treasury Department, 84, 97, 99, 388
Trust fund, 281
Trilateral Commission, 105, 327
Triumph of Conservatism, 318
Tucker, Jeffrey, 17, 216
Tullock, Gordon, 179
Turgot, A. R. J., 128, 129, 131
Twight, Charlotte, 146
Ultimate Foundation of Economic Science, The, 175, 219
Underground economy, 237, 247, 289
Unemployment, 26, 27, 30, 51, 52, 67, 69, 89
insurance, 68
Unfairness, 240
Unions, 38, 52, 68, 385
United Auto Workers, 127
United Mine Workers, 251
United Nations, 266
United Parcel Service (UPS), 278, 279
United States, 111, 123, 154
United Way, 282
USA Today, 140
“User fee,” 373
Value paradox, 171
Vanderlip, Frank A., 116
Vieira, Edwin, 337
Vienna, University of, 174, 180, 217
Virgin Islands, 372
Volcker, Paul, 38, 51, 104, 121, 191, 341, 379
Voltaire, 221
Wage, 43
controls, 326
minimum, 38, 43, 44, 52, 67, 89, 151, 290, 327
rates, 26, 30, 31, 154, 155
Wall Street, 88, 374, 375
Wall Street Journal, 187, 209, 215, 323, 326
Wanniski, Jude, 341
Warburg, Paul, 116
Warsaw, University of, 231, 234
Washington, Harold, 133
Washington, D.C., 42, 69, 76, 119, 279
Washington Post, 117, 251, 381
Water, 80, 81
Watson, Patrick W., 280
Weaver, Richard, 167
Webster, Pelatia, 114
Welfare economics, 196
Wells, Sam, 138, 316, 320
Wexler, Leonard D., 137, 138
Whip Inflation Now (WIN), 104
White, Harry Dexter, 55, 84
Wicksteed, Phillip, 187
Williams Act, 274
Williams, Walter E., 43, 191
Woods, Bretton, 53, 54, 84, 85, 88, 110, 111, 113, 187, 188, 207, 341
From Bretton Woods to World Inflation, 187, 207
Working conditions, 68
World Bank, 112, 187, 338, 384
World Central (Reserve) Bank, 55, 84, 113, 335ff.
World War I, 109, 174, 198, 310
World War II, 86, 349, 367
Xerox, 35–37
Yeager, Leland, 202
Yugoslavia, 255
