http://fee.org Home to freedom and prosperity, and free-market education for over 50 years Sun, 14 Mar 2010 23:31:12 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://fee.org/about/comment-page-1/#comment-12679 The Mont Pelerin Society’s 50th Anniversary | The Freeman | Ideas On Liberty Thu, 11 Mar 2010 23:47:17 +0000 http://fee.org?page_id=2#comment-12679 [...] how to get there. Nor is it given to them to know the adventures that will beset them on the road.[5] So it proved to be here. The participants at the Society’s first meeting were a diverse [...] [...] how to get there. Nor is it given to them to know the adventures that will beset them on the road.[5] So it proved to be here. The participants at the Society’s first meeting were a diverse [...]

]]> http://fee.org/about/comment-page-1/#comment-12673 Should Profits Be Shared with Workers? | The Freeman | Ideas On Liberty Thu, 11 Mar 2010 23:12:13 +0000 http://fee.org?page_id=2#comment-12673 [...] about gambling with a significant amount of their annual pay before the plan went into effect.[5] This concern was temporarily disregarded, however, when in 1989 profits exceeded the target and [...] [...] about gambling with a significant amount of their annual pay before the plan went into effect.[5] This concern was temporarily disregarded, however, when in 1989 profits exceeded the target and [...]

]]> http://fee.org/about/comment-page-1/#comment-12658 The Moral Obligations of Workers | The Freeman | Ideas On Liberty Mon, 08 Mar 2010 23:32:49 +0000 http://fee.org?page_id=2#comment-12658 [...] of the free mind, for it limited it too much, and made it dependent both on itself and on others.[5] But the coming of Christianity corrected this error, elevating work to participation in the [...] [...] of the free mind, for it limited it too much, and made it dependent both on itself and on others.[5] But the coming of Christianity corrected this error, elevating work to participation in the [...]

]]> http://fee.org/about/comment-page-1/#comment-12480 Banking Without the Too-Big-to-Fail Doctrine - Reboot The Republic Sat, 06 Feb 2010 02:29:38 +0000 http://fee.org?page_id=2#comment-12480 [...] To be sure, these measures of banking system strength have ebbed and flowed cyclically over the past eight decades—for example, the dissolution of the 1930s, the seeming calm of the 1950s, and the renewed turbulence of the past two decades. But in my own work, I’ve identified an undeniably pronounced secular decline in the financial condition of banks, in good times and bad. This leads me to question the legitimacy of central banking as such. I’m encouraged to find that other scholars are also questioning the conventional wisdom about central banking.[5] [...] [...] To be sure, these measures of banking system strength have ebbed and flowed cyclically over the past eight decades—for example, the dissolution of the 1930s, the seeming calm of the 1950s, and the renewed turbulence of the past two decades. But in my own work, I’ve identified an undeniably pronounced secular decline in the financial condition of banks, in good times and bad. This leads me to question the legitimacy of central banking as such. I’m encouraged to find that other scholars are also questioning the conventional wisdom about central banking.[5] [...]

]]> http://fee.org/about/comment-page-1/#comment-12351 The Myth of the Independent Fed | The Freeman | Ideas On Liberty Wed, 13 Jan 2010 20:27:45 +0000 http://fee.org?page_id=2#comment-12351 [...] The Fed underwrites an enormous volume of research, some of which is very good. But, as Business Week magazine once observed: There is disturbing evidence that the research effort of the bank’s 500-odd Ph.D. economists is being forced into a mold whose shape is politically determined by the staff of the Federal Reserve Chairman. Some Fed economists admit that political expedience is the rule. Says former Fed economist Robert Auerbach, the practice at the Bank where I worked was to clear research through the Board of Governors and to ‘persuade’ economists to delete material that the Board or the Bank officials did not like.[5] [...] [...] The Fed underwrites an enormous volume of research, some of which is very good. But, as Business Week magazine once observed: There is disturbing evidence that the research effort of the bank’s 500-odd Ph.D. economists is being forced into a mold whose shape is politically determined by the staff of the Federal Reserve Chairman. Some Fed economists admit that political expedience is the rule. Says former Fed economist Robert Auerbach, the practice at the Bank where I worked was to clear research through the Board of Governors and to ‘persuade’ economists to delete material that the Board or the Bank officials did not like.[5] [...]

]]> http://fee.org/about/comment-page-1/#comment-12287 Today’s War on Property | The Freeman | Ideas On Liberty Mon, 11 Jan 2010 04:55:49 +0000 http://fee.org?page_id=2#comment-12287 [...] •       In 1984, Rosa Montoya was grabbed by Customs as she attempted to enter the United States. When a thorough search failed to turn up any evidence of smuggling, Customs locked her in a room with instructions to defecate into a wastebasket. When she had failed to do so after nearly 24 hours, Customs handcuffed her and took her to a hospital, where she was forcibly given a rectal examination.[5] [...] [...] •       In 1984, Rosa Montoya was grabbed by Customs as she attempted to enter the United States. When a thorough search failed to turn up any evidence of smuggling, Customs locked her in a room with instructions to defecate into a wastebasket. When she had failed to do so after nearly 24 hours, Customs handcuffed her and took her to a hospital, where she was forcibly given a rectal examination.[5] [...]

]]> http://fee.org/about/comment-page-1/#comment-12281 The True Takings Reform Imperative | The Freeman | Ideas On Liberty Mon, 11 Jan 2010 03:09:04 +0000 http://fee.org?page_id=2#comment-12281 [...] Moreover, a sound protection of property rights is fundamental to all other liberties.[4] As James Madison warned, Where an excess of power prevails, property of no sort is duly respected. No man is safe in his opinions, his person, his faculties, or his possessions.[5] [...] [...] Moreover, a sound protection of property rights is fundamental to all other liberties.[4] As James Madison warned, Where an excess of power prevails, property of no sort is duly respected. No man is safe in his opinions, his person, his faculties, or his possessions.[5] [...]

]]> http://fee.org/about/comment-page-1/#comment-12278 How Property Rights Can Spur Artificial Reefs | The Freeman | Ideas On Liberty Mon, 11 Jan 2010 02:31:34 +0000 http://fee.org?page_id=2#comment-12278 [...] longer than one could hope to keep a good fishing spot secret. For only slightly more than a car,[5] a firm called Reef Ball Ltd. offers prefabricated artificial reefs, specifically designed to [...] [...] longer than one could hope to keep a good fishing spot secret. For only slightly more than a car,[5] a firm called Reef Ball Ltd. offers prefabricated artificial reefs, specifically designed to [...]

]]> http://fee.org/about/comment-page-1/#comment-12243 The Benefits of Outsourcing | The Freeman | Ideas On Liberty Sun, 10 Jan 2010 03:19:20 +0000 http://fee.org?page_id=2#comment-12243 [...] Even an extremely conservative estimate places the savings by outsourcing at a healthy 9 percent.[5] Lower production costs lead to a decreased price for the consumer in a competitive market. That [...] [...] Even an extremely conservative estimate places the savings by outsourcing at a healthy 9 percent.[5] Lower production costs lead to a decreased price for the consumer in a competitive market. That [...]

]]> http://fee.org/about/comment-page-1/#comment-12221 Understanding Say’s Law of Markets | The Freeman | Ideas On Liberty Fri, 08 Jan 2010 21:02:04 +0000 http://fee.org?page_id=2#comment-12221 [...] in a big city than the sole seller of an item in the more sparsely populated countryside.[5] The key to understanding Say’s Law of Markets is that it is production that must come first. [...] [...] in a big city than the sole seller of an item in the more sparsely populated countryside.[5] The key to understanding Say’s Law of Markets is that it is production that must come first. [...]

]]> http://fee.org/about/comment-page-1/#comment-12090 Judicial Monopoly Over the Constitution: Jefferson’s View | The Freeman | Ideas On Liberty Wed, 23 Dec 2009 14:39:56 +0000 http://fee.org?page_id=2#comment-12090 [...] by this bill, have not, in my opinion, been delegated to the United States by the Constitution.”[5] He went on to explain the case by an examination of the powers enumerated and to recommend that [...] [...] by this bill, have not, in my opinion, been delegated to the United States by the Constitution.”[5] He went on to explain the case by an examination of the powers enumerated and to recommend that [...]

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