Freeman

IN BRIEF

Capital City Untouched by Recession

OCTOBER 18, 2010

“Throughout the recession, one major city stood out as an oasis for jobs and growth: Washington, D.C. Supported by a gusher of federal borrowing and spending, the District of Columbia was the nation’s only metropolitan area that never stopped growing. It stood as a beacon for the nation’s millions of job hunters, from recent college graduates seeking careers in civil service to well-heeled lawyers cashing in on a bonanza of work stemming from health care and financial reform.” (Washington Times, Sunday)

Government is a growth industry … until it kills its host.

FEE Timely Classic:
Creating Jobs v. Creating Wealth” by Dwight R. Lee

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It's been 40 years since F. A. Hayek received his Nobel Prize. His insights, particularly on the distribution of knowledge and the impossibility of economic planning, remain hugely important today. In this issue, we look back on the influence of his work. Max Borders and Craig Biddle debate whether liberty must be defended from one absolute foundation, further reflections on Scottish secession, and how technology is already changing our world for the better--including how robots, despite the unease they cause, will only accelerate this process.
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