Freeman

October 2003

Volume 53, 2003

FEATURES

The FTC Gets in Its Licks

The Federal Trade Commission Isn't Doing Consumers Any Favors

OCTOBER 01, 2003 by GEORGE C. LEEF

Green for Profit

How the Profit Motive Transformed a Landfill

OCTOBER 01, 2003 by SCOTT MCPHERSON

Strangling the Golden State's Golden Goose

Regulations Are Killing California's Business Climate

OCTOBER 01, 2003 by STEVEN GREENHUT

The State of the Air: Propaganda, Not Science

How the American Lung Association Uses Junk Science for Political Advocacy

OCTOBER 01, 2003 by ROY CORDATO

Ludwig von Mises: A Voice for Freedom and Principle

Mises Understood the Dangers Humanity Faces

OCTOBER 01, 2003 by RICHARD EBELING

China's Historic Error

What Halted China's Economic Development?

OCTOBER 01, 2003 by STEPHEN DAVIES

Is Socialism Good in Theory?

Socialism Should Be Discredited on Moral Grounds, Too

OCTOBER 01, 2003 by SHELDON RICHMAN

Pensions: A Wordwide, But Avoidable Crisis

Nationalized Pensions Are Going Bust

OCTOBER 01, 2003 by NORMAN BARRY

Almost every country in the economically advanced world is worried about nationalized pensions. American statisticians have some grisly fun predicting on what day of the week and in what year the Social Security system will finally go bust. Or whether Medicare will be broke first. And most young Americans think that there is as much chance of picking up Social Security when they retire as there is of a sighting of Elvis.

Saving Hunky Town

Savings Are Key to Increased Standards of Living

OCTOBER 01, 2003 by ARTHUR FOULKES

Understanding Austrian Economics, Part 1

Understanding Founder Carl Menger's Contributions to the Field

OCTOBER 01, 2003 by HENRY HAZLITT
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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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