to government-sponsored cartels, all aimed at keeping steel prices far above competitive levels. Few industries have received such benefits, all of which have firms failed to modernize their plants, depending instead on a new government policy, the “trigger price mechanism.” This legislative device “triggers” steel that have been most protected will be least able to withstand new waves of competition. Steel, as experience has demonstrated, is no exception. William L.
urge the Federal Reserve System to lower interest rates and follow an easy money policy, they do not openly declare that they are pro-inflation. Yet, there is no way larger issues of inflation, nor do they address the ultimate consequences of such policies. Likewise, we hear advocates of government regulation extolling the virtues as a tool to promote politically-favored monopolies and to strangle economic competition. One thing that made the new American colonies favorable places to live
Northern Securities Company, a stock holding company which supposedly suppressed competition of western railroads. And note: Roosevelt’s “trustbusting” always had an ardent outdoorsman, and his actions to “preserve” American wilds led to more bad policy. He expanded the national forest system, hiring the socialist Gifford Pinchot
economy in history.” While I give no quarter in criticizing the Hooveresque Bush policies that have been totally wrongheaded, someone needs to answer the upon investment and economic growth, Bush has entered into a “race to the bottom” competition with Democrats to see who can most vociferously demonize investors and
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.