Freeman

March 2009

Volume 59, 2009

FEATURES

Bootleggers, Baptists, and Bailed-Out Bankers

Who created the subprime mortgage crisis?

MARCH 02, 2009 by BRUCE YANDLE

The Financial Bailouts: “See the Needle and the Damage Done”

Paulson’s and Bernanke’s bailouts did lasting harm.

FEBRUARY 27, 2009 by LAWRENCE H. WHITE

Black Swans, Butterflies, and the Economy

The Economy is a Complex System that Cannot be Planned, Designed, or Regulated into Perfection

MARCH 02, 2009 by MAX BORDERS

Too Big to Fail

A Government Safety Net Encourages Excessive Risk-Taking

MARCH 02, 2009 by MICHAEL HEBERLING

Did Deregulated Derivatives Cause the Financial Crisis?

Government Interventions, Not Laissez Faire, Caused the Financial Crisis

MARCH 02, 2009 by ROBERT P. MURPHY

Was Money Really Easy Under Greenspan?

Greenspan Was a Good Deregulator

MARCH 02, 2009 by DAVID R. HENDERSON, JEFFREY ROGERS HUMMEL

What We Believe

Believers in Freedom Must Not Take Liberty for Granted

MARCH 02, 2009 by LAWRENCE W. REED

Bailing Out the Big Three Repeats Britain’s Mistake

Uncle Sam's Support of American Auto Manufacturers is Doomed to Fail

FEBRUARY 28, 2009 by STEPHEN DAVIES

Government Sets Us Up for the Next Bust

Market Interference Disguises and Aggravates the Underlying Problems

MARCH 02, 2009 by JOHN STOSSEL

Unintended Consequences in Energy Policy

Costly Policies Have Reduced Economic Freedom and Ended Lives

MARCH 02, 2009 by DAVID R. HENDERSON
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December 2014

Unfortunately, educating people about phenomena that are counterintuitive, not-so-easy to remember, and suggest our individual lack of human control (for starters) can seem like an uphill battle in the war of ideas. So we sally forth into a kind of wilderness, an economic fairyland. We are myth busters in a world where people crave myths more than reality. Why do they so readily embrace untruth? Primarily because the immediate costs of doing so are so low and the psychic benefits are so high.
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Economics in One Lesson (full text)

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The full text of Hazlitt's famed primer on economic principles: read this first!


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There can be little doubt that man owes some of his greatest suc­cesses in the past to the fact that he has not been able to control so­cial life.


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Leonard Read took the lessons of entrepreneurship with him when he started his ideological venture.


By LEONARD E. READ

No one knows how to make a pencil: Leonard Read's classic (Audio, HTML, and PDF)