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The New Money
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articles > the-new-money
George C. Leef
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Saturday, May 1, 1999
By now you have probably received and spent some of the U.S. Treasury’s new currency. Starting with the hundred-dollar bill in 1996, the Treasury has redesigned all three of our larger denomination bills, and plans to redesign the smaller bills in the future. Treasury Secretary Robert Rubin, on release of the new twenty-dollar bill in […]
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Just Deserts
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articles > just-deserts
Charles W. Baird
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Monday, March 1, 1999
The AFL-CIO has a Web site, www.paywatch.org, dedicated to condemning what it considers to be “runaway CEO pay” in private corporations. It claims that high executive pay damages all other “stakeholders” in corporations, especially workers and stockholders. In other words, the AFL-CIO asserts that excessively paid executives and other stakeholders are locked in a zero-sum […]
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Small Is Awesome
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articles > small-is-awesome
Max More
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Monday, February 1, 1999
Max More is president of Extropy Institute in Marina Del Rey, California. Giant corporations controlling national governments. Corporate behemoths regimenting their workers, controlling their customers, and obliterating their smaller competitors. The rich get richer and the large get larger until a small handful of megacorporations rule the planet. We have heard this warning about King […]
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New Schools for a New Century: The Redesign of Urban Education edited by Diane Ravitch and Joseph Viteritti
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articles > new-schools-for-a-new-century-the-redesign-of-urban-education-edited-by-diane-ravitch-and-joseph-viteritti
George C. Leef
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Yale University Press • 1997 • 320 pages • $30.00 Socialism cannot work, Ludwig von Mises argued from the 1920s until his death, because of a central flaw—the lack of market prices. Socialists argued back that they could simulate market prices, but Mises countered that pretending to have a market could never come close to […]
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A New Monetary Universe
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articles > a-new-monetary-universe
James A. Dorn
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Sunday, November 1, 1998
Electronic money (e-money) offers the possibility of privatizing the currency and making government fiat money disappear
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Do Corporations Have Social Responsibilities?
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articles > do-corporations-have-social-responsibilities
John Hood
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John Hood is president of the John Locke Foundation, a public-policy think tank in North Carolina, and the author of The Heroic Enterprise: Business and the Common Good (Free Press, 1996). Businesses are accustomed to being criticized for neglecting their responsibilities to society. Complaints that private enterprise puts profit before people have long provided reliable […]
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How to Get Action
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articles > how-to-get-action
Leonard E. Read
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Saturday, August 1, 1998
Leonard E. Read established FEE in 1946 and served as its president until his death in 1983. This article is excerpted from Essays on Liberty, Vol. III (1958), pp. 102-109. It is the eighth in a monthly series commemorating the 100th anniversary of Mr. Read’s birth. “I want less talk and more action.” Thus speak […]
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What’s So Bad about Big Government Anyway?
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articles > whats-so-bad-about-big-government-anyway
George C. Leef
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Monday, December 1, 1997
In a recent conversation I used the term “big government,” clearly in a pejorative way. Another person spoke up to challenge me, asking, “What’s so bad about big government?” He went on to name some benefits that he supposed were possible only with a powerful state. We debated whether it was true, for example, that […]
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Edward Coke: Common Law Protection for Liberty
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articles > edward-coke-common-law-protection-for-liberty
Jim Powell
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Saturday, November 1, 1997
Why were civil liberties first secured in England? One important reason was the development of common law principles and precedents independent of a ruler. Edward Coke (pronounced “Cook”) was more responsible for this than anybody else. Murray N. Rothbard called him a “great early seventeenth century liberal.” Winston S. Churchill observed that “His knowledge of […]
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The Socialist Dream Lives
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articles > the-socialist-dream-lives
K. L. Billingsley
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K. L. Billingsley is a journalism fellow at the Center for the Study of Popular Culture in Los Angeles. The United Nations development agency recently rated nations on how they combat poverty, thereby providing valuable lessons in economics, politics, and even diplomacy. At the head of the list stands Trinidad and Tobago, a tiny Caribbean […]