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Douglas French

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Douglas French is an Associated Scholar at the Johnson Center at Troy University and  adjunct  professor at Georgia Military College. He is the author of three books: Early Speculative Bubbles and Increases in the Supply of MoneyWalk Away, and The Failure of Common Knowledge.

Douglas French's Articles

In Trump's Alphabet, "F" Is for Protectionism

The President wants to put another “F” in NAFTA. If its present form, NAFTA is anything but free trade. But Trump's proposed change would only make it worse. His fair trade addition is not trade benefiting consumers and producers alike. It is protectionism.

- February 04, 2017

Greenspan the Undertaker and His Countless Victims

As Rothbard wrote, “For Greenspan, laissez-faire is not a lodestar, a standard, and a guide by which to set one's course; instead, it is simply a curiosity kept in the closet, totally divorced from his concrete policy conclusions.”

- January 25, 2017

One Weird Trick To Destroy Prosperity and Progress

Opposing trade agreements is one thing. The real question is what replaces them. On this point, Trump has been very clear. He wants huge new taxes on trade. If he gets his way, the results could be catastrophic for prosperity, progress, and peace. 

- January 24, 2017

Give Thanks to Entrepreneurs

The holidays are traditionally a time for counting your blessings: friends, family, good health and so on. But not much thought is given to entrepreneurs, who should be counted among our blessings first and foremost.


- December 21, 2016

Sweet Intervention Turns Sour For Taxpayers

Small drink makers will be put out of business, Pepsi and Coca-Cola will get bigger, while local governments get a fiscal sugar high.

- December 02, 2016

Competition Makes the World Beautiful: The Early Years of Rock

Why do performers and songwriters stay at it long after they have hits and plenty of royalties? Competition is the driving force. They want to test their talents against others seeking fame and fortune. So it has always been and always will be. 

- October 12, 2016

Cash Is Not the Enemy; Central Banks Are

The European Central Bank intends to stop producing €500 banknotes. Getting rid of the bill, referred to by the sinister name ‘Bin Laden’, “will make life harder for criminals, raising their costs and increasing their detection risks." However, central bankers know getting rid of cash “would make it easier for central banks to invoke negative interest rates.”

- October 08, 2016

Are Silicon Valley's Chaos Makers Smart or Insane?

A review of Chaos Monkeys: Obscene Fortune and Random Failure in Silicon Valley.

- September 21, 2016

The Great Man Cometh: What I Saw at the Trump Rally

The true believers soaked up Trump’s magnetism and left with a glow that the election will be his (and theirs). The failures of past candidates and the unwieldy intransigence of government bureaucracy are completely forgotten.

- August 30, 2016

Work or Die

The Federal Reserve is giving us a choice – work forever, or make sure to die before running out of money.

- August 07, 2016

The Circus Spectacle of the Party Conventions

The conventions of both political parties are a show worth seeing. I love to watch the carnivals of buncombe, but from a safe distance.

- July 27, 2016

Another Case for Abolishing the Fed

The worst feature of the Fed is that it does what it was designed to do: bail out losers. 

- July 05, 2016

The Problem with Government Is Not Poor Management

The federal government has two million employees, most of whom a president can’t fire. And that’s not the half of it. “Post-1960 Federal America has become a grotesque Leviathan by proxy, in which an expanding mass of state and local government workers, for-profit contractors, and nonprofit grant recipients administers a vast portion of federal money and responsibilities,” writes John J.DiIulio Jr. for the Washington Post.

If Republican voters think a Trump presidency will be four to eight years of “The Apprentice” on steroids, with Trump telling those who disobey or slack off “You’re fired,” they are as delusional as their hero.

- July 01, 2016

Economics and Classical Music: It’s a Jungle

Government Arts Funding and Amazon's "Mozart in the Jungle"

- May 19, 2016

Immigrants Saved My Life

Donald Trump Would Have Had Me Dead

- May 12, 2016

Where to Earn a Degree in Liberty

It is simply amazing to have a university department that is filled with such brilliant and talented expositors of free market economics.

- May 01, 2015

What Economic Elites Don’t Want You to Know about Crashes

Jim Grant chronicles how the market works marvels if left alone.

- February 05, 2015

When Zero’s Too High

The European Central Bank is trying to force a negative value upon time itself.

- July 07, 2014

The Market Is Rigged

Controversy over high-frequency trading is just a distraction from the cultural effects of inflation.

- May 05, 2014

Rothbard’s Remedy

A new study from Pro Teck Valuation Services provides empirical support for Austrian economists’ claims that markets will recover more quickly absent government meddling.

- February 18, 2014

Ballot Box Charity

Minimum-wage initiatives are political winners, but their popularity has little to do with an understanding of economics.

- November 26, 2013

Is Wall Street Really the Heart of Capitalism?

The dominant narrative about the 2008 crash focuses anger on Wall Street, said to be the heart of capitalism, as the culprit. It's neither; government intrusion has shaped the housing market and our cities for decades.

- September 24, 2013

Bretton Woods' Fatal Conceit

Benn Steil's account of the people and personalities at the heart of the Bretton Woods conference makes for fascinating reading, even if you're not a history buff or economics geek. 

- August 22, 2013

The New War Between the States

Economic power followed the population to the coasts and the sand states during the boom. In the wake of the bust and interventions along the coasts, "flyover country" is becoming the source of America's economic growth.   

- July 15, 2013

Politically Correct Lending

Lawmakers portray SBA lending as a boost for small businesses. The program is actually a form of corporate welfare for some of America’s largest banks. While banks reap profits, taxpayers cover the losses.

- May 17, 2013

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