Thomas DiLorenzo’s letter in defense of Microsoft appears in the Wall Street Journal, Wednesday, July 29, 1998: Robert Bork is decades behind the times in antitrust scholarship if he believes there is no efficiency rationale for product bundling (”it produces no significant efficiencies”) or exclusive dealing contracts (”their sole function is to
From the Wall Street Journal (Sept. 29, 1998) Alan Greenspan Isn’t God The Federal Open Market Committee convenes today to resume the work of manipulating the federal-funds rate. This procedure is one of the most ill-conceived exercises in the history of price controls. Yet, as the boom of the 1990s attests, it is also one of the most popular. For
Here is a news piece from Investor’s Business Daily (Nov. 23, 1998) dealing squarely with one of the most interesting monetary issues of the day. The author quotes some well-known Austrian economists to help sort it all out. Are the vast amounts of U.S. currency held overseas a threat to the U.S. economy? Whether for spending or saving, most
Orlando Sentinel March 18, 1999 If old Karl Marx, the embittered inventor of communism, could return from the grave, he would no doubt be surprised to find that most of the 10 planks of his Communist Manifesto, issued in 1848 in collaboration with Frederick Engels, have been happily adopted or are at least supported by Americans. Let’s look at the
Reassessing the U.S. Presidency October 16-17, 1998 Callaway Gardens and Warm Springs, Georgia The worst of the allegations against the president are alarming. But American history is littered with examples of abuses of executive power that go well beyond personal corruption. Where can you go in the library to find the truth about the havoc U.S.
Only If It’s Peaceful Mises Review 4, No. 3 (Fall 1998) “IMMIGRATION SYMPOSIUM” Ralph Raico, Ed. Journal of Libertarian Studies 13, no. 2 (Summer 1998) Most libertarians have in recent years favored “open borders,” but this indispensable collection of articles throws that view into serious question. Some of the contributors, e.g., Walter Block,
Investor’s Business Daily September 3, 1998 Perspective “Dollar Contrarians” The Federal Reserve says that more than half of all U.S. currency is now held overseas. The dollar has now become the currency of choice for much of the world. And it has replaced gold as the global financial standard. That has some economists worried. “What happens if
The Journal of Commerce September 7, 1998 Strange things happened at General Motors this summer. Huge swatches of its highly paid, coddled, unionized labor force went on strike. The result was catastrophic: GM plants all over North America shut down, causing the company to lose $75 million a day, idling 175,000 other workers, causing an 81% drop
Speaking to the Council on Foreign Relations, President Clinton proposed more spending, regulating, and monetary manipulation as the keys to fixing up the world economy. More ominously, he called for the creation of a new international financial “architecture,” which, he implied, would be a permanent bailout fund for deadbeat governments the world
Losses are an integral part of the capitalist process. But you wouldn’t know it from the way some big boys are treated by the Federal Reserve. It seems that if your losses are big enough, and your connections good enough, you can rely on a permanent line of credit to shield you from the consequences of your mistakes. The new rule is gleaned from
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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.