The Free Market 21, no. 1 (January 2003) When the Berlin Wall fell in 1989 and the Soviet Union ceased to exist two years later, many western commentators optimistically declared that socialism had fallen with those two entities. However, as we limp from one economic morass into another, it has become clear that the dream of socialism is far
The Free Market 21, no. 2 (February 2003) Late last year, in a move that gives even politics a bad name, the Federal Reserve announced yet another cut in its key interest rates. Around the same time, Fed Governor Ben Bernanke gave a speech praising the power of alchemy to lower the price of gold, and, similarly, the power of the Fed to print as
The Free Market 21, no. 3 (March 2003) When some left-wing activists recently began their What Would Jesus Drive? campaign against sport utility vehicles, the first reaction of most folks—and especially libertarians—was a simple, “Are these people really serious?” It turns out, unfortunately, that they indeed were serious, or at least serious
The Free Market 21, no. ( 2003) When I heard of the explosion of the space shuttle Columbia , one of the first things that came to my mind was how little effect it had upon the lives of ordinary people—as compared to the Challenger disaster of 1986. I was sitting in the stands at a YMCA youth basketball game, and from what I could tell, the
The Free Market 21, no. 6 (June 2003) In recent newspaper columns, Paul Krugman of Princeton University and Lawrence Kudlow have sounded deflation alarms. The solution to combat falling prices, they argue, is for the Federal Reserve System to increase the money supply. References to “the money supply” are misleading and dangerous, for they
The Free Market 23, no. 7 (July 2003) No one can argue about the current moribund economy, complete with falling stock prices, nonexistent profits, layoffs, airline bankruptcies, and exploding federal and state budget deficits. People certainly have argued about the cause of this downturn, but few people have accurately pointed out why there is
The Free Market 23, no. 8 (August 2003) It has finally come down to this: Martha Stewart must go to prison, or at the very least be forced to step down from her position as CEO of Martha Stewart Living Omnimedia. The US Attorney’s office in New York City has obtained a grand jury indictment on obstruction of justice charges against Stewart as a
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.