Part 1 | Part 2 | Part 3
Shortly after Barack Obama took office in 2009, he requested new spending of $800 billion to help “stimulate” the economy, and given that the Democrats controlled the White ...
Part 1 | Part 2 | Part 3
The existence of business cycles — the boom-and-bust patterns — has puzzled economists. While Marx might have created a theory of why depressions occur, nonetheless there was ...
Part 1 | Part 2 | Part 3
During a news talk show on August 14, 2011, Princeton University economist and 2008 Nobel Prize winner Paul Krugman made a startling declaration: If the United States were ...
Part 1 | Part 2
Contrary to popular belief, economic downturns in a free-market economy do not linger or continue for many years. The Great Depression was “great” because government policies made sure that the calamity became ingrained in ...
Part 1 | Part 2
More than three years ago, it became clear that the housing bubble was about to burst, and that the U.S. economy would be in for a very rough patch. In the three years since ...
Part 1 | Part 2 | Part 3
It is not surprising that the viewpoints discussed in Part 2 also would transform criminal law. Americans had inherited from Great Britain the common law, in which the criminal portion ...
Part 1 | Part 2 | Part 3
While the founding of the United States (and its legal system based on the English common law) was carried out by people who believed strongly in natural law, nonetheless the ...
Part 1 | Part 2 | Part 3
A typical federal courtroom scene has the trappings of ages gone by. The judge wears a black robe, everyone stands when he enters, the bailiff utters the “Oyez” sayings, and ...
Part 1 | Part 2 | Part 3
Historians want us to believe that Franklin Roosevelt had nothing to do with causing the massive unemployment and World War II that came in the wake of the Great Depression. ...
Part 1 | Part 2 | Part 3
In the latter part of 1920, the economy fell into a deep recession, which lasted well into 1921. As Murray Rothbard points out, it was the last downturn in which ...
