The Free Market 13, no. 2 (February 1995) America’s bankers consider Robert Morris a hero. More than 15,000 of them belong to Robert Morris Associates. Founded in 1914, the RMA organization strives for professionalism in banking practice and considers ethics paramount. So who is the revered figure after whom this association of ethical bankers
The Free Market 13, no. 3 (March 1995) When a people rebels and declares its independence, a central state can let them go or beat them into submission. With the collapse of the Soviet empire, we’ve seen some of both. In Chechnya, and adjacent Ingushetia, however, the Yeltsin government chose mass murder to maintain its evil empire. Rather than
The Free Market 13, no. 3 (March 1995) In 1994, bondholders lost hundreds of billions, thanks to Clinton’s monetary escapades. What happened? It’s a sad story of interest rates and their manipulation by government planners. In 1993 President Clinton began with a plan to jump-start the economy. His view was simple: the economy was already
The Free Market 13, no. 3 (March 1995) The Republican leadership and their advisers are confirming Murray Rothbard’s doubts. Writing in the Washington Post , Rothbard noted the vast ideological divide between the voters and those who control the Republican Congress. His prediction: the leadership will defend the old order of government control
The Free Market 13, no. ( 1995) The intellectual achievements of Murray Newton Rothbard (1926-1995)—eminent scholar and friend—are monumental. He is the author of 25 books and thousands of article in scholarly and popular journals. His work covers the entire spectrum of the social sciences: pure economic theory, history, sociology, philosophy,
The Free Market 13, no. 3 (March 1995) How can business comply with the Americans With Disabilities Act? It can’t. The ADA has created an inescapable trap for companies, a bottomless pit for liberty and property, and an unremitting excuse for harassment and control. John Casey, writing in the University of Puget Sound Law Review (Winter 1994),
The Free Market 13, no. 4 (April 1995) Four in five Americans opposed the $50 billion Mexican bailout, but they were powerless to stop it. When the central bank says it’s in charge—as it does in every financial upheaval of this magnitude—we are supposed to hold our tongues and leave it to the experts, even if their actions generate only
The Free Market 13, no. 4 (April 1995) After two years of pretending to be for free trade, the Clinton administration, backed by the Republican leadership in Congress, finally ‘fessed up. In their dealings with China and Mexico, they shredded two centuries of economic wisdom, repudiated every principle of sensible economic relations, and kicked
The Free Market 13, no. 4 (April 1995) If you thought the end of the Cold War would mean the death of “defense” socialism, or even the shrinking of the massive Pentagon bureaucracy that has been choking off and diverting the productive sector of the economy since World War II, then think again. No bureaucracy gives up its power and privileges
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
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.