Putting the Taxpayers at Risk, Part 2 by Doug Bandow February 1, 1999 Part 1 | Part 2 | Part 3 The World Bank has also long promoted development at any cost. Bank loans underwrote Julius Nyerere's coercive "ujamaa" program and Indonesia's forced transmigration project. Millions of farmers have been forced off their land without compensation by Bank-backed dams. Bank lending long subsidized the destruction of Brazil's rain forest. To blunt such criticisms, ...
Book Review: Say’s Law and the Keynesian Revolution by Richard M. Ebeling February 1, 1999 Say's Law and the Keynesian Revolution: How Macroeconomic Theory Lost Its Way by Steven Kates (Northhampton, Mass.: Edward Elgar, 1998); 252 pages; $85. John Maynard Keynes ended his famous 1936 book, The General Theory of Employment, Interest and Money, by pointing out, "The ideas of economists and political philosophers, both when they are right and when they are wrong, ...
Patriotism along the Southern Border, Part 2 by Jacob G. Hornberger January 1, 1999 Part 1 | Part 2 | Part 3 In February 1846, the independent nation of Texas was annexed as a state in the United States of America. The citizens of Texas were now American citizens. However, there was one major glitch. Mexico still considered the Texas territory to be part of Mexico. It threatened war over the annexation ...
Monetary Central Planning and the State, Part 25: Milton Friedman and the Demand for Money by Richard M. Ebeling January 1, 1999 Part 1 | Part 2 | Part 3 | Part 4 | Part 5 | Part 6 | Part 7 | Part 8 | Part 9 | Part 10 | Part 11 | Part 12 | Part 13 | Part 14 | Part 15 ...
Don’t Blame the Thermometer for the Fever by Sheldon Richman January 1, 1999 When communism collapsed a few years ago, people thought that the last grand ideological debate over political economy had finally ended. Supposedly, we were all capitalists now. But this is clearly not the case. The world's political leaders show no signs of a commitment to capitalism, if by that term we mean truly free markets and individual liberty. On the ...
Freedom to Farm Washington by James Bovard January 1, 1999 Nothing better symbolizes the collapse of Republican principles than the multiple farm bailouts that Congress enacted late last year. Agricultural subsidies are skyrocketing, and the 1996 "Freedom to Farm Act" - ritually invoked as a triumph of the Republican Revolution - is as much in ruins as a Sudanese pharmaceutical factory. The 1996 act, which supposedly set the following seven ...
Putting the Taxpayers at Risk, Part 1 by Doug Bandow January 1, 1999 Part 1 | Part 2 | Part 3 President Clinton has not let a little scandal stand in the way of his ongoing attempt to scam the American people. As talk of impeachment enveloped him in Washington, he flew to New York City to give what his staff termed an "important" speech. Which meant a proposal for yet more taxpayer ...
The Spanish-American War: The Leap into Overseas Empire, Part 2 by Joseph R. Stromberg January 1, 1999 Part 1 | Part 2 In February 1899, uneasy relations between U.S. forces and the Filipino insurgents turned into actual fighting. America was now to learn the sorrows of empire along with its joys. Rallying under the slogan " No hay derecho a vender un pueblo como se vende un saco de patatas " ("There is no right to ...
Book Review: Problemas Economicos de Mexico by Richard M. Ebeling January 1, 1999 Problemas Economicos de Mexico by Ludwig von Mises (Mexico City: Instituto Cultural Ludwig von Mises); 125 pages; $20. In December 1941, Austrian economist Ludwig von Mises was invited by Luis Montes de Oca, a former director of the Mexican central bank, to deliver a series of lectures in Mexico during January and February 1942. The Mexico visited by Mises was ...
Patriotism along the Southern Border, Part 1 by Jacob G. Hornberger December 1, 1998 Part 1 | Part 2 | Part 3 Not long ago, the patriotism of Mexican-Americans was called into question at an international soccer match in Los Angeles. Anglo-Americans were outraged that Mexican-Americans booed during the playing of the American national anthem and then cheered for the Mexican, rather than the American, soccer team. It wasn't so much that the ...
Monetary Central Planning and the State, Part 24: Milton Friedman’s Framework for Economic Stability by Richard M. Ebeling December 1, 1998 Part 1 | Part 2 | Part 3 | Part 4 | Part 5 | Part 6 | Part 7 | Part 8 | Part 9 | Part 10 | Part 11 | Part 12 | Part 13 | Part 14 | Part 15 ...
Toying with the Free Market by Sheldon Richman December 1, 1998 Here's a noteworthy story from the Washington Post last September: "Toys 'R' Us Inc., the world's largest toy retailer, announced a major restructuring yesterday in an effort to shore up the chain's sales and profits, which have flagged as a result of growing competition from discounters and changes in the way children play." The article goes on to explain that ...