The interventionist myth is that Federal meddling in domestic or foreign economics can make anything better. Instead, meddling produced the American Great Depression. Doing nothing with a depression in 1920 produced resolution within eighteen months. Nobody hears of the depression of 1920-21.
From Speaking of Liberty, as narrated by the author, pp. 25-40.
Should central bankers actively undertake to burst asset bubbles, or should they stand around and watch them run out of steam, then try to clean up
The New York Times ran a feature on the aftermath of Japan’s hou
Sharks is a great reference for those looking for some background on the real players in Las Vegas who make headlines and billions, writes Doug French.
At a business conference in Sydney, Australia, Steve Forbes suggested that President Bush sell the US oil reserves and warned that the price of oil
