The Free Market 26, no. 8 (August 2005) The US Supreme Court’s 9-0 decision overturning the obstruction of justice verdict against Arthur Andersen Company comes too late to save the firm or the jobs of thousands of employees who found themselves out of work when the government destroyed the firm three years ago. Indeed, the Andersen
It is important to remember that Hoppe’s economic concepts are thoroughly Misesian, in that they are grounded in a priori logic. If the premises are true and the logical mechanisms that use those premises are correctly put into place, then the conclusion a priori is true as well. The reason that this is important is because Hoppe was reaching an
Last February, I predicted that Richard Scrushy would easily be convicted in his federal trial. However, today, a federal jury acquitted him of violating the evil Sarbanes-Oxley Act. From what I can tell, it seems to be a case of jury nullification . Scrushy was popular in the black community of Birmingham, Alabama, and about half the jury was
I received a nice set of questions on this article from a reader in Vietnam: 1. Has the US experienced bans like this (on a product that’s cheaper, tastier and presumbaly better-liked by the American consumers) before? What were they and under what circumstances? What was the outcome? It is done all the time. The United States has a program to
Politicians are well-known for saying one thing before a certain group, and the opposite when standing in front of others. For example, a Republican member of Congress may tout free markets and decry “excess government regulation” in one speech and then shamelessly call for “protection” for textile firms in his own district. Not surprisingly,
In his column today, “A Whiff of Stagflation,” Paul Krugman correctly notes that we may be in for a rise in stagflation. Unfortunately, he then goes on to demonstrate why his John Bates Clark award should be revoked. (I often have fantasized of holding a “defrocking” ceremeony for people like Krugman in which we rip the stripes from his gown, cut
An excellent story by Brian Carney: “ Use a Baton, Go to Jail .” It tells of how France’s and Germany’s music unions use the state to enforce their labor cartel, even to the point of arresting the conductors of operas who employ low-paid foreign
An economist who is also a concert pianist? Yes indeed, and here is the proof. And the pianist is playing what many people consider to be the world’s greatest piano, right in the offices of the Mises Institute. The music and performance display passion, mastery, and musical eloquence. It could easily become your favorite. Download samples .
The PayPal Wars: Battles with eBay, the Media, and the Rest of Planet Earth. Eric M. Jackson, World Ahead Publishing, Los Angeles, California, 344 pages, $27.95. Almost five years have passed since the heady days of the dot.com boom, an era that began as the “New Economy” and ended in yet another recession and the collapse of stock prices that in
In the past several years, a virtual industry has been created in bashing Wal-Mart. From leftist church groups to the AFL-CIO to the Chronicles , Wal-Mart has been the favorite whipping boy of people on all sides of the political spectrum. Thus, it was no surprise when I recently received an emailed article from the quasi-Marxist Sojourners
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.