Monetary Policy

Freedom, Not Growth

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All politicians favor economic growth. They all promise to create jobs and "grow the economy." That is a vintage Republican issue, but the Democrats aren't dummies. Many of them have learned that the old appeal to class warfare and other quasi-Marxist themes are passé. They too have thrown themselves onto the growth bandwagon. Bill Clinton's so-called New Democrats can ... [click for more]

The IMF Doesn’t Deserve a Capital Boost

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For more than four decades, the U.S. has been the largest contributor to not only the IMF but also to all of the other multilateral-aid institutions, such as the World Bank. Indeed, Washington even provides the largest check to the African Development Bank, the Asian Development Bank, the European Bank of Reconstruction and Development, and ... [click for more]

Hepburn v. Griswold

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In 1860, Susan P. Hepburn executed a promissory note in which she expressly promised to repay a loan of one thousand dollars. When the note came due in 1862, Hepburn tendered to Henry A. Griswold, the owner of the note, United States governmental notes totaling the amount of the debt. Griswold refused the tender and sued Hepburn for his ... [click for more]

Playing Monopoly in the Real World

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There are three major monopolies in the United States that have plagued the American people throughout most of this century. Yet despite their professed opposition to monopolies, the American people simply cannot bring themselves to end them. But end them we must — for they are among the most tyrannical and destructive aspects of the American welfare-state, regulated-economy way ... [click for more]

Quick Fixes and Economic Fallacies

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The famous English economist Alfred Marshall is reported to have once remarked that "students of social science must fear popular approval; evil is with them when all men speak well of them. If there is any set of opinions by the advocacy of which a newspaper can increase its sales, then the student . . . is bound to ... [click for more]

The Heritage of Economic Liberty

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For the Founding Fathers, economic liberty was inseparable from the case for political freedom. Many of the grievances enumerated in the Declaration of Independence concern British infringements on the free movement of goods and men between the thirteen colonies and the rest of the world. It was not a coincidence that ... [click for more]

On the Edge of Hyperinflation in Brazil

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Monetary expansion and the price inflation that it brings in its wake always eat away at the social and economic fabric of a society. The value of money constantly diminishes. The ability of people to plan their financial future is made more difficult. Money begins to lose its usefulness as a common denominator through which the value of goods ... [click for more]

A Message from FFF’s Founder and President

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Socialism is morally and intellectually bankrupt. Under the guise of "order" and "security," millions of innocent people have been murdered or enslaved. Under the guise of "taxation" and social justice, untold amounts of income and savings have been plundered and redistributed to the politically privileged. Having gripped the hearts and minds of the people ... [click for more]
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