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June 2006

Volume 56, 2006


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Freedom and the Pitfalls of Predicting the Future

Our Inescapably Imperfect Knowledge Means We Can Never Predict Our Own Future
June 01 2006 by ,

The prospects for freedom in America and in many other parts of the world appear dim. Government continues to grow bigger and more intrusive, imposing tax burdens that siphon vast amounts of private wealth. Extrapolating these trends out for the foreseeable future, it would seem that the chances for winning liberty are highly unlikely. There is only one problem with this pessimistic forecast: the future is unpredictable and apparent trends do change.

The History of "Underdevelopment"

Underdevelopment Theories Have Generated Disastrous Policies
June 01 2006 by ,

Perhaps the most important feature of the modern world is its sustained, intensive economic growth.

The End Run to Freedom

Implementing Private Solutions Can Help Us Market the Virtues of Freedom to the Skeptics
June 01 2006 by ,

What does the future hold for economic life in the United States? Will we move toward greater freedom or less? What role will ideas and rhetoric play, if any, in making sure that the direction is one that lovers of freedom prefer?

Belt and Braces in the Labor Market

An Iron-Clad Labor Code is a Major Cause of France's Chronic Unemployment
June 01 2006 by ,

Like every exchange, the exchange of labor for money is protected, as it were, by a belt, the contract.

The Greenspan Fed in Perspective

June 01 2006 by ,

Some readers of the Wall Street Journal might have been led to believe that Alan Greenspan had somehow followed Milton Friedman's monetary rule. We now see, though, that there was no well-grounded rule; there was no standard.

Nothing to Learn from the Antifederalists?

June 01 2006 by ,

Mencken's Wisdom

June 01 2006 by ,

"The Tariff is the Mother of Trusts"

Government is always and everywhere the source of corporate power.
June 01 2006 by ,

Why should we expect business people to favor laissez faire and to abhor government intervention? Few people outside of business do so.

Leviathan's Legionnaires

June 01 2006 by ,

The Jewel of Consistency

June 01 2006 by ,

The acid test is that a man live by the principles he professes to believe.

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