The journalist, television commentator, and former presidential candidate Patrick J. Buchanan has been sharply criticized by his fellow Republicans for allegedly betraying Republican party “free-market” principles in his book, The Great Betrayal . In the book Buchanan argues for protectionism and claims to have presented the strongest case ever
Two winters ago back-to-back Nor’easters slammed the mid-Atlantic coast in Maryland and Delaware, causing significant beach erosion and damage to vacation homes, boardwalks, and businesses. Being the owner of a condo in Ocean View, Delaware, I went down to check on any damage. Although it was the middle of February, the ocean resort towns were
The nauseating and psychophantic blather in the media about “America’s Royal Family” and its “tradition of public service” seemed to go on forever after JFK, Jr., “America’s Prince,” killed himself, his wife, and his sister-in-law in a plane crash off Martha’s Vineyard. The media circus ended its “coverage” with its anointment of Kathleen
*Presentation prepared for the Mises Institute’s conference, “Austrian Economics and the Financial Markets,” Toronto, Canada, September 16-17, 1999. In 1978 Michael Jensen and William Meckling, writing in the Financial Analysts Journal , offered an extraordinarily gloomy prediction for the future of capitalism: “The most spectacular period of
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.