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.
[William Peterson is the winner of the 2005 Gary G.
Recorded at the Mises Institute, 7–8 October 2005.
Gabriel Openshaw looks at immigration patterns to show how people shun central planning.
The EU has taken aim at China's textile industry, writes Grant Nulle. This is harmful to all parties.
Lew Rockwell writes: "I was invited to speak at a peace march and rally in Birmingham, Alabama, sponsored by the Alabama Peace and Justice Coalition, and gladly accepted the offer to speak against the war in Iraq."
How urgent is the cause of sound money? Our freedoms depend on it, writes Thorsten Polleit.
