Daily Articles

Book Review: The Collected Works of F.A. Hayek, Volume 4

by Richard M. Ebeling August 1, 1992

The Collected Works of F.A. Hayek, Volume 4: The Fortunes of Liberalism, Essays on Austrian Economics and the Ideal of Freedom (Chicago: The University of Chicago, 1992); 279 pages; $29.95. Classical liberalism has been under attack for practically all of the 20th century. After a hundred years of liberalism's triumphs ...

Dismantling America’s Military Empire

by Jacob G. Hornberger July 1, 1992

As President Dwight D. Eisenhower warned us thirty years ago, the military-industrial complex is a menace and a threat to the freedom and well-being of the American people. The time has come to dismantle America's military empire. Since the end of World War II, the proponents of conscription, taxation, military spending, and war repeatedly told us, ...

The Interventionist State Should Not Be the Nation’s Business

by Richard M. Ebeling July 1, 1992

In 1966, a well-known business-affairs columnist of the time named Donald I. Rogers wrote a short book entitled The End of Free Enterprise. His theme was that the American business community had lost its way intellectually and ideologically. "What the business world needs is a decision about the principles it stands for," Mr. Rogers argued. "It needs a credo, ...

The IMF Doesn’t Deserve a Capital Boost

by Doug Bandow July 1, 1992

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 ...

Book Review: A Time for War

by Richard M. Ebeling July 1, 1992

A Time for War: Franklin D. Roosevelt and the Path to Pearl Harbor by Robert Smith Thompson (New York: Prentice Hall Press, 1991); 449 pages; $24.95. As the 1940 presidential campaign was approaching its conclusion, President Franklin Roosevelt — running for an unprecedented third term of office — delivered an address in Boston on October 30. He stated unequivocally his position ...

Spending Our Way to Prosperity

by Jacob G. Hornberger June 1, 1992

American politicians and bureaucrats continually bombard us with the notion that the road to prosperity lies in increased spending by the citizenry. It is one of the most destructive economic myths promoted by our governmental officials. And unless the American people carefully reason out the processes by which people ...

Political Correctness and the Closed Society

by Richard M. Ebeling June 1, 1992

In February 1992, the Center for Constructive Alternatives of Hillsdale College in Michigan organized a five-day conference on "Thought Police on Campus: Is Academic Freedom in Danger?" Among the speakers invited to participate as opponents of political correctness in academia were Charles Sykes (author of Profscam and The Hollow Men,) Shelby Steele (author of The Content ...

A Free Market for Health Care

by Sheldon Richman June 1, 1992

Concerned about rising costs the number of Americans without medical insurance, nearly everyone is these days about a day goes by without a presidential or a magazine calling for something drastic to be done. Each advocate maintains that his plan will bring skyrocketing costs under control, make health care accessible to low-income people, and bring health insurance within the ...

Hepburn v. Griswold

by Jacob G. Hornberger June 1, 1992

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 ...

Book Review: The Flight from Truth

by Richard M. Ebeling June 1, 1992

The Flight from Truth: The Reign of Deceit in the Age of Information by Jean-Francois Revel (New York: Random House, 1991); 408 pages; $25. When Jean-Francois Revel published How Democracies Perish in the early 1980s, he wanted to deliver a ...

Playing Monopoly in the Real World

by Jacob G. Hornberger May 1, 1992

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 ...

Quick Fixes and Economic Fallacies

by Richard M. Ebeling May 1, 1992

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 ...