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Author » Richard M. Ebeling

Richard M. Ebeling is a professor of economics at Northwood University. He was formerly president of The Foundation for Economic Education (2003–2008), was the Ludwig von Mises Professor of Economics at Hillsdale College (1988–2003) in Hillsdale, Michigan, and served as vice president of academic affairs for The Future of Freedom Foundation (1989–2003).

Latest from Richard M. Ebeling

Celebrating The Work Of Nobel Prize Winning Economist, F.A. Hayek

Forty years ago, on October 9, 1974, the Nobel Prize committee announced that the co-recipient of that year’s award for economics was the Austrian economist, Friedrich A. Hayek. Never was there a more deserving recognition for one of the ...

Dangerous Words: “I Believe in Freedom, But …”

One of the greatest hurdles to a successful achievement of liberty in society is all due to the little word, “but.” People will often say, “Oh, I believe in freedom in principle, but . . .” That “but” is ...

Democracy Is Not the Same as Freedom

A fundamental fallacy of our time is that democracy is the open-sesame to peace, freedom, and prosperity. The political events surrounding what was called the ill-fated “Arab Spring” a couple of years ago was a based on the idea ...

The Miracle and Morality of the Market

One of the great fallacies arrogantly believed in by those in political power is the notion that they can know enough to manage and command the lives of everyone in society with better results than if people are left ...

Proud to be an American: What Should It Mean?

America! For more than two hundred years the word has represented hope, opportunity, a second chance, and freedom. In America the accident of a man’s birth did not serve as an inescapable weight that dictated a person’s fate or ...

Don’t Believe Government about Price Inflation

It is an old adage that there are lies, damn lies and then there are statistics. Nowhere is this truer that in the government’s monthly Consumer Price Index (CPI) that tracks the prices for a selected “basket” of goods ...

Federal Reserve Policies Cause Booms and Busts

Since the economic crisis of 2008-2009, the Federal Reserve – America’s central bank – has expanded the money supply in the banking system by over $4 trillion, and has manipulated key interest rates to keep them so artificially low ...

Mr. President: Please Mind Your Own Business

Dear President Obama, For nearly six years, now, you have declared your intention and desire of being my Nanny-in-Chief. Your original campaign slogan of “Hope and Change” was really a promise of “Control and Command.” Well, Mr. President, I have ...
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