Monetary Central Planning and the State, Part 18: Say’s Law of Markets and Keynesian Economics by Richard M. Ebeling June 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 ...
No Third Way by Sheldon Richman June 1, 1998 In his State of the Union address last winter, President Clinton declared that under his enlightened leadership, the United States had found the much sought-after "third way" between laissez-faire capitalism and socialism. The remark was little noticed, but it was astounding nonetheless. One might have thought that the quest for the elusive third way had been dropped with the ...
Endangered: Property Rights by James Bovard June 1, 1998 The rights of hundreds of thousands of Americans have been shredded by federal proclamations of the sanctity of species such as the Soccorro isopod, the Texas wild-rice plant, the fringe-toed lizard, the kanab ambersnail, and fairy shrimp. At the time the Endangered Species Act (ESA) was enacted in 1973, most congressmen and most Americans believed that the act would ...
The So-Called Right to Strike by George Leef June 1, 1998 In several of the highly publicized strikes in recent years, including the strikes against Caterpillar and the Detroit newspapers, company management continued operations during the strike by hiring permanent replacement workers. Permanent replacements are hired not just for the duration of the strike but to continue on after the strike ...
Book Review: Central Banking in Theory and Practice by Richard M. Ebeling June 1, 1998 Central Banking in Theory and Practice by Alan S. Blinder (Cambridge, Mass.: The MIT Press, 1998); 92 pages; $20. In one of the most insightful passages in The Wealth of Nations, Adam Smith argued: "The statesman, who should attempt to direct private people in what manner they ought to employ their capital, would not only load himself with a most unnecessary ...
Closed Minds on Open Borders, Part 1 by Jacob G. Hornberger May 1, 1998 Part 1 | Part 2 The core principle of libertarianism is a simple one: the noninitiation of force by one person against another. The libertarian philosophy holds that a person should be free to do whatever he wants in life as long as his conduct is peaceful. In other words, as long as a person does not murder, rape, ...
Monetary Central Planning and the State, Part 17: Keynesian Economic Policy and Its Consequences by Richard M. Ebeling May 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 ...
To Create Order, Remove the Planner by Sheldon Richman May 1, 1998 Which came first, the chicken of economics or the egg of economic action? Did the discipline of economics precede the object of its interest? The obvious answer is no. To say yes would be like saying that astronomy preceded the planets and stars or that before Newton, apples didn't fall from trees. Yet, there are people who speak as though ...
Needed: The Separation of Cable and State by James Bovard May 1, 1998 There is growing political manipulation of the information that the average American is allowed to receive. Americans long ridiculed the Soviet-bloc media for presenting absurdly self-serving images of their government. Yet, in this country, thanks to government controls over cable television, most American cable subscribers are forced to bankroll multiple television stations that ...
FDR – The Man, the Leader, the Legacy, Part 2 by Ralph Raico May 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 | Table of Contents Anna Eleanor Roosevelt, whom Franklin took as his wife ...
Book Review: J.B. Say by Richard M. Ebeling May 1, 1998 J.B. Say: An Economist in Troubled Times writings translated and selected by R.R. Palmer (Princeton, N.J.: Princeton University Press, 1997); 164 pages; $39.95. Whatever economic freedom we enjoy in the world today is due, to a great extent, to the ideas and efforts of the classical liberals and economists of the first half of the 19th century. Inspired by the ...
Who Is an Extremist? by Jacob G. Hornberger April 1, 1998 Libertarians are often hit with the accusation "You are an extremist." What the accuser means is that the libertarian holds political and economic beliefs that are at the outermost fringes of American society. The term is customarily used in an insulting or derogatory sense. But isn't "extremist" a relative term? That is, doesn't being extreme depend, in large part, on ...