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
own, a fashion worthy of the consumers’ vote, thus being victorious in the next market election. Abercrombie and Fitch has been that triumphant candidate in recent by the same absurdity that all discrimination lawsuits and legislation share, a failure to recognize the nature of individual preference and the harmonizing
The Free Market 21, no. 2 (February 2003) Proponents of markets often note that there is no such thing as a free lunch. The logic of this upon imposing fantastic notions of socialism have invariably ended in dismal failure. Thus by proving the indispensability of markets, we also prove that there
earned an academic reputation for insightful analysis of private property and open markets as engines of economic progress. Gramm had biographical entries in each of the “Jimmy Stewart” theory of government. Namely, the only way to avoid government failure is to have people like the Jimmy Stewart character in the old movie, “Mr. out on to this slippery slope, however, it means that remedies for government failure must be radical in nature. Wishing and waiting for an “army” of Mr. Smiths or
up the responsibility of protecting everyone within its borders, and the certain failures guaranteed by such measures have manifested themselves. A primary reason for and courts, the state has essentially fixed the price of protection below the market price thus setting the demand for such services far beyond supply.
“In both social and natural sciences, the body of positive knowledge grows by the failure of a tentative hypothesis to predict phenomena that the hypothesis professes aggregate supply is the leading determinant of economic growth. Because private markets cannot always provide this, stable institutional environments are necessary. but they cannot be supported by Milton Friedman’s quotes (he believes that free market tends to bring more “equality” in the levels of consumption, he is not
editors grew concerned over the global rise of the Austrian School and pro-free market ideas, they sent a reporter to spend a week at its source: the Mises nothing in return. The watchwords of our times are once again private initiative, markets, and enterprise. And just look at trends in education. Disgust at government
The Free Market 23, no. 9 (September 2003) I t happens in every bear market and in every and find the wrong ones. They whoop up a holy war in the popular press as markets are embraced by a persistent bear. They indict the wrong people. They’re like volatile markets. By that standard, obviously the rule and the SEC have been gross failures. Unfortunately, the SEC and its myriad rules have had the same deleterious
The Free Market 21, no. 6 (June 2003) In recent newspaper columns, Paul Krugman of Princeton what is nothing less than a monetary Gosplan, and he is hardly alone among “free-market“ economists. Money is a medium of exchange, discovered and developed in the “monetary policies” but in the end, such policies will always turn out to be failures, as all of the important characters literally are flying blind without
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.