The Free Market 21, no. 4 (April 2003) The New York Times recently ran a three-part series be dangers of collision, if for no other reason than that of possible computer failure. Safety and danger exist in different degrees and at any given time further to counter-productive government intervention and bureaucratic bungling, a free market achieves greater safety in the individual instance in a way that is consistent
The Free Market 23, no. ( 2003) A growing recognition of the superiority of markets over And yet the designed “market“ is responsible for a whole range of recent economic failures, such as electricity shortages and blackouts, and will cause more if the
The Free Market 23, no. 7 (July 2003) Few countries around the world wanted to be entangled or through an international lending agency, foreign aid embodies all the failures and tragedies that have come to typify our government-run domestic poverty are distributed, enemies are punished. And despite its record of unmitigated failure, foreign aid, like welfare, has grown both in size and scope. The “foreign
The Free Market 21, no. ( 2003) When I heard of the explosion of the space shuttle Columbia budgets under four presidents. All of these programs either have ended in abject failure or have eaten up hundreds of billions of tax dollars with questionable The real lesson of the Columbia disaster is that government enterprises are failures, and in the case of the space program, dangerous failures. Unfortunately,
The Free Market 21, no. 6 (June 2003) “The enemy we’re fighting is a bit different from the prices, the signaling devices that serve as the basis for assessing the success or failure of any particular project on the market. As such, even the best military plans, even those that lead to a declared
The Free Market 23, no. 11 (November 2003) When they have the resources and political much.” War critics didn’t believe him, but it took time for the full evidence of failure to emerge. Today, the war critics are the prophets and the war planners are Good riddance. The country is too diverse, and the culture too broken into niche markets, too many people too knowing. May the un-American “unity” of the World War II
The Free Market 21, no.4 (April 2003) Lecturing at the London School of Economics from the global depression, and worked mightily all those years to show how the stock market crash was not the onset of the crisis but rather the much-needed liquidation contrast to the chaotic and fumbling ways of government security provision! But failure does not deter the state. Indeed, we are now asked to believe that the White
The Free Market 23, no. 7 (July 2003) No one can argue about the current moribund economy, from more efficient firms and toward the less-efficient steel makers. In a free-market economy, capital follows its highest returns, and steel numbers right now are stay as liquid as possible, as the prospect of losing everything in a wave of bank failures is intolerable to them. However, the possibilities of facing criminal
The Free Market 23, no. 7 (July 2003) The extent to which we are secure in our homes, a whole host of agencies into one mega-bureaucracy—and this despite the enormous failure that 9-11 represented for precisely this bureaucratic approach. We were told lobbyists seeking contracts from the new department. They cashed in on their new marketability and are now working for established lobbying groups that represent the
The Free Market 21, no. 4 (April 2003) After several years of scant media coverage, the gulag than anything else, the Sinuiju Special Administrative Region is doomed to failure. Capitalism cannot be decreed, nor can any form of socialist central planning emulate its outcomes. As Rothbard wrote, “you cannot plan markets. By their very nature, you can only set people free so that they can
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.