Gingrich’s view that FDR saved us from the Depression is indefensible; Roosevelt’s policies prolonged and deepened it. There’s no doubt that Roosevelt changed the government—for the worse. Many of the reforms of the 1930s remain embedded in policy today: acreage allotments, price supports and marketing controls in compromise of special interests: businessmen seeking higher prices and barriers to competition, labor unionists seeking governmental sponsorship and protection, social
we’re told, are the very foundation of the economy and thus cannot be subject to competitive pressure or to changes in consumer demand. Butchers and bakers can go This agitation led to congressional enactment of more and more centralized policies, culminating in passage of the Federal Reserve Act in 1913. Modeled after Interstate Commerce Commission—the Fed eliminated “cutthroat” banking competition, often denounced as “wildcat banking.” This way the larger more
by Government programs. The government’s make-work spending, redistribution policies, and debt accumulation (which mortgages the future) concentrates benefits in but to trade, compete for capital, and be productive on their on terms. This competition between countries will drive down regulations and taxes within countries,
and sells it again at a discount. By lifting demand and diverting resources, this policy also drives up the price of wheat for the American public. Export subsidies free trade, for their purpose is to reward favored business, prevent territorial competition for low-tax environments, and squeeze small business out of the
are lovely to behold, and tree farms are the ultimate model for environmental policy. The trees are harvested and the ground replanted for future holidays, a there’s nothing more irritating than consumers mistaking your operation for a competitive one. What do we do when it’s time to send our most precious packages? We
1980s. That country, economically speaking, appeared to have it all: an industrial policy that knew good and bad investments before markets themselves did, a Banks lend beyond the sum available from private savings, while central bank policy artificially pushes the rate of interest below its market level. Enticed by central banking and fractional-reserve banks. A pure gold standard and truly competitive banking would take their place. The Japanese case shows why anything
in its totality. Let’s be clear: Prop. 187 did not attack immigration. Immigration policy, however flawed, is set in Washington and remains unchanged. It did not even Republican like Pete Wilson knew something had to be done. He tried to end this policy at the state level, but ran up against the central government’s objections. In the Reason Foundation, the Cato Institute, the Manhattan Institute, and the Competitive Enterprise Institute. The media reported that these groups had thrown
Northern industry favored the tariff as a means of protection from foreign competition. The South considered it exploitation, injuring trading relationships and for more government spending to bail out the victims of their fractional-reserve policies after the panic of 1893. An income tax bill was attached to the tariff bill
of some commodity and then showed how a monopolist would only raise prices if the competitive price fell in the inelastic region of the demand curve” (p. 96). Vaughn’s research program,” she offers, will involve “a total rethinking of economic policy from the perspective of pattern coordination” (p. 176). Vaughn’s discussion
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.