Global Economy

Traffic is a powerful and persuasive argument against the domestic and international drug war. Review and critique by Dale Steinreich.

The Governor's supposed solution to the energy fiasco promotes the fiction that government solves problems that private businesses create.

Just as the antitrust suit seems to be burning itself out, the enemies of Microsoft have launched another sneak attack, writes Lew Rockwell.

The slip in stock prices has unleashed hysterical calls for massive goverment intervention. William Anderson suggests a better solution: laissez-faire.

The eminent position of the American dollar in world trade and finance undoubtedly justifies a modest trade deficit, writes Hans Sennholz. But not one this large.

Consider an essay by social theorist Alan Wolfe, in which purports to analyze America's excessively consumerist capitalist society.  

In the 1940s, Mises wrote on the trends that brought Europe to the abyss of war and destruction. These essays remained unpublished--until now.

The New Scientist tries its hand at economic theory, and makes an awful mess of it. Callahan and Murphy explain where the piece goes wrong. 

The foes of trade are missing an important effect of the rising volume of world commerce, says Hans Sennholz: the improvement of living conditions in all countries. 

It's true that the protestors at international trade meetings want nothing short of world-government regulations on labor and environment. They want global redistribution and antitrust. They want the UN to tax us and impose an international welfare state. And they hate anything-private property, corporations, national borders-that stands between them and their goal.