Free Markets

From the book Speaking of Liberty, as narrated by the author, pp. 13-25.

From Speaking of Liberty, as narrated by the author, pp. 25-40.

Hans-Hermann Hoppe explains the neglected role of insurance in a free market economy. Any insurance involves the pooling of individual risks by the market, a task the state can only distort.

Of all accusations against the system of Free Trade and Private Property, wrote Ludwig von Mises, none is more foolish than the statement that it is anti-social and individualistic and that it atomizes the body social.

Paul Craig Roberts's latest article, writes Robert Murphy, issues the direst warnings and hurls the strongest insults yet. 

So those scurvy bums at Wal-Mart are finally getting what is coming to them!

Jeffrey Tucker interviews Robert Karl Mertin at the Mises Institute, Auburn, Alabama, January 11, 2006.

The free market and the free price system make goods from around the world available to consumers. The free market also gives the largest possible scope to entrepreneurs, who risk capital to allocate resources so as to satisfy the future desires of the mass of consumers as efficiently as possible.

Now that the furor over the botched response to Hurricane Katrina has largely subsided, Robert Murphy examines an aspect of the episode that most commentators have neglected, namely how the market might have managed the crisis better.

The Free Market 26, no. 11 (November 2005)

[William Peterson is the winner of the 2005 Gary G.