Biographies
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Mr. Moral Hazard
The phrase of the day is "moral hazard." It's something everyone seems to think is a bad thing, but few are willing to do anything about, certainly not Alan Greenspan. So far, he's on record backing the Mexican bailout, the Asian bailout, the bailout of Long-Term Capital Management, and more IMF funding, despite the financial dangers all these create down the line.
Letters of Sidney Hook, by Edward Shapiro
To neoconservatives and even to some libertarians, Sidney Hook is a hero.
Austrian Family Album
The story of the Austrian School begins in the fifteenth century, when the followers of Thomas Aquinas, writing and teaching at the University of Salamanca in Spain, sought to explain the full range of human action and social organization. This...
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Keynes the Great?
Paul Krugman makes the case for loving Keynes. An Austrian responds.
Bully in the Pulpit
In fact, the Roosevelt legacy is not individualism; it is certainly not liberty. His continuing legacy is one of unprecedented government intervention. Roosevelt crushed property rights. He constructed huge public works projects. He also helped lead the U.S. into its disastrous slide into imperialism and the deaths of hundreds of thousands of Americans in numerous foreign conflicts (and millions of foreigners). In reality, the leviathan state in all its evil owes much to TR.
