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The Free Market 13, no. 2 (February 1995)   This past baseball season promised to be the most exciting in my lifetime. Then the players’ union opposed the owners’ demand for a salary cap and refused to work. Baseball struck out. In the battle over blame, the most curious call is the union’s for a “free market.” The most often-cited remedy is to

The Free Market 13, no. 4 (April 1995)   Americans are rightfully skeptical of “economic development.” From India to Egypt to Brazil, it has meant Aswan Dam-size government projects that have failed to raise living standards while generating pollution and cultural instability.  Free-market economic development is entirely different. Real

The Free Market 13, no. 9 (September 1995)   The Republican Congress has had nine months to reduce taxes. Even one percent would be appreciated. Instead, we get convoluted plans that will be “revolutionary” at some point in the far-distant future. Enough of welfare reform. It’s time to reform taxes.  The old ideas are out. Forget cutting the

The Free Market 13, no. 10 (October 1995)   Some Americans are no doubt touched by Bill Clinton’s concern for the health of children. His press secretary even declared that it was now the President’s personal responsibility to prevent American youth from smoking.  But Clinton’s ten-point program to prevent teenage smoking, designed by FDA

Economists are everywhere . Steve Levitt, Tim Harford and Steven Landsburg use newspaper columns and best-selling books to show how economics can account for why drug dealers live with their mums, why you can’t find space to park, why school teachers cheat, why people share umbrellas and why sexually transmitted diseases are so rife. Simple

In his new NBER working paper Martin Feldstein writes that “Reducing the large current account deficit will require both a higher rate of national saving and a more competitive dollar .” I love it: “a more competitive dollar” Robert Blumen and other Austrians came to the same conclusion but would probably describe it differently. “Why is the

King Juan Carlos University has started the program under the direction of Jesus Huerta de Soto. You can get a masters and PhD degrees. For information email: master.oficial@urjc.es

There is a new record setting skyscraper in the making in the United Arab Emirates. The Skyscraper Index predicts economic depression and/or stock market collapses to occur prior to the completion of the skyscraper. Maybe the economic damage will be confined to the

The great Hans Sennholz writes about the future of the economy circa December 2006 “We live in a period of worldwide economic expansion and prosperity. The world economy is said to grow this year at some five percent, which will be the third year above the historic average. Even if, in the coming year, the growth rate should decline a little, the

Without invoking the name, the Journal leader did more to educate the American public about Austrian economic theory than anything published in recent years. To most readers, Hayek probably means Salma, but to adherents of the Austrian school, Friedrich von Hayek and his professor, Ludwig von Mises, are the most prominent figures. In the