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There was a time when the word reform  described a process of renewal, of change, and of taking new steps towards correcting a problem. With the rise of campaign finance reform, it is clear that this is no longer the case. A linguistic transformation has occurred, for reform is now an inside-the-Beltway buzzword that denotes the perpetuation of

With the official acceptance of China into the World Trade Organization this past Saturday, the world’s most populated country takes yet another step on the path toward capitalism and away from a centrally planned economy. As America’s economy continues to struggle in response to Federal Reserve policy during the 1990s, and as regulators are given

War and continued economic contraction underscore the reality that involvement in public affairs is crucial for the survival of liberty. As Mises wrote, “Economics must not be relegated to classrooms and statistical offices and must not be left to esoteric circles. It is the philosophy of human life and action and concerns everybody and

Few countries around the world wanted to be entangled in the War on Iraq, but now everyone seems eager to participate in reconstruction. The United States, as primary military aggressor, has estimated the cost of this effort totaling $100 billion over the next several years.  Foreign aid seems to many as the only answer for Iraq’s shattered

Wilhelm Roepke is often credited as the theoretical architect of Germany’s postwar “miracle.” Few know that he was actually quite critical of the postwar system’s compromises with state intervention. In fact, in 1960, he wrote that the contrast between the productive market and “continuous redistribution of income for the sake of equality” is

In an odd twist, pro-market conservatives and libertarians have lined up en masse to protest the passage by the House of the drug reimportation bill authorizing the purchase of prescription drugs from Canada and roughly two dozen other countries. From Cato to Heritage, the American Enterprise Institute to The Weekly Standard , those with

There is, it seems, a segment of the American population that firmly believes China to be the greatest economic threat facing our country. As if domestic taxation, regulation and deficit spending were of negligible effect upon America’s economic well being, dealing with the threat from the Far East now ranks as our nation’s #1 priority. This

On the surface there was a triumph of trade two weeks ago for U.S. corporations and the Chinese people. Almost simultaneously, the Big Three in Detroit, followed closely by GE and Boeing, announced massive trade deals with the Chinese government valued at over three billions dollars. For his part, GM chairman and CEO Rick Wagoner sounded quite

An unfortunate consequence of learning Bastiat’s “Broken Window Fallacy” is the accompanying frustration of seeing this age old economic fallacy reappear ad nauseam . One of the latest, and indeed most vocal rock throwers, is the United States manufacturing sector. Those with even a cursory knowledge of current affairs should be able to recite the

With Pierre Bourdieu’s death from cancer in 2002, France lost one of its most active and significant intellectuals. Having written over 25 books and founding the magazine Liber in 1989, Bourdieu was a leading voice for the left, both in France and throughout the world. In Firing Back: Against the Tyranny of the Market 2 , seven of Bourdieu’s