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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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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