The Legacy of Leonard E. Read by Future of Freedom Foundation May 4, 2010 Few people have had a bigger impact on my life than Leonard E. Read, the founder of The Foundation for Economic Education in Irvington, New York. I shall never forget the day I discovered a set of books entitled Essays on Liberty which were published by FEE long ago and which included many essays by Read. My life has not been the same since! Leonard Edward Read was born in Hubbardston, Michigan, on September 26, 1898 ninety-three years ago this month. He volunteered for service in World War I, and barely survived when the ship on which he was travelling the Tuscania was torpedoed. After the war, he started his own produce business in Ann Arbor. He then went to work for the United States Chamber of Commerce, ultimately rising to the position of chief ...
A Problem with Conservatives by Future of Freedom Foundation May 4, 2010 Two new articles in the mainstream press demonstrate a problem that afflicts conservatives. The two articles are “Tax Tyrannies” by Richard Rahn, which appears in today’s Washington Times, and “Stop Those Checks” by Bruce Bartlett, which appeared in the March 24 issue of the New York Times. Rahn makes some good points about taxation. He points out that taxation can be tyrannical even in a representative democracy. Taxation tyranny, he says, occurs when taxes are levied at a higher level than the “revenue maximizing rate.” Taxation tyranny also exists, he states, when “coercive taxation is used to fund government programs of little or no value, or where the expenditure programs are rife with corruption or mismanagement.” He is critical of certain aspects of progressive taxation. Quoting Milton Friedman, he points out that “inflation is taxation without legislation.” He quotes Chief Justice John Marshall’s famous dictum “The ...
Monetary Central Planning and the State, Part 24: Milton Friedman’s Framework for Economic Stability by Future of Freedom Foundation May 3, 2010 Part 1 | Part 2 | Part 3 | Part 4 | Part 5 | Part 6 | Part 7 | Part 8 | Part 9 | Part 10 | Part 11 | Part 12 | Part 13 | Part 14 | Part 15 | Part 16 | Part 17 | Part 18 | Part 19 | Part 20 | Part 21 | Part 22 | Part 23 | Part 24 | Part 25 | Part 26 | Part 27 | Part 28 | Part 29 | Part 30 | Part 31 | Part 32 | Part 33 | Part 34 | Part 35 | Part 36 | Part 37 | Part 38 | Part 39 | Part 40 | ...
Book Review: Say’s Law and the Keynesian Revolution by Future of Freedom Foundation May 3, 2010 Say's Law and the Keynesian Revolution: How Macroeconomic Theory Lost Its Way by Steven Kates (Northhampton, Mass.: Edward Elgar, 1998); 252 pages; $85. John Maynard Keynes ended his famous 1936 book, The General Theory of Employment, Interest and Money, by pointing out, "The ideas of economists and political philosophers, ...
Book Review: Regulation without the State by Future of Freedom Foundation May 3, 2010 Regulation without the State ... The Debate Continues by John Blundell and Colin Robinson (London: Institute of Economic Affairs, 2000); 93 pages; $15. ALMOST 40 YEARS AGO, free-market economist and Nobel Laureate Milton Friedman published a short book entitled Capitalism and Freedom (1962). At a time during which Keynesian economics and the popularity of ...
The Progressive Era, Part 2: Progressives and the Economy by Future of Freedom Foundation May 3, 2010 Part 1 | Part 2 The last quarter of the 19th century and the first decade or so of the 20th century saw the rise of the large corporation in the United States. Those of us who are used to mega-multi-national firms cannot appreciate the sea change that occurred ...
Book Review: Drug War Crimes by Future of Freedom Foundation May 2, 2010 Drug War Crimes: The Consequences of Prohibition by Jeffrey A. Miron (Oakland: The Independent Institute, 2004); 109 pages; $15.95. For the past several decades economists, perhaps more so than any other group of professionals, have been largely united in their criticism of American drug policy. On numerous occasions, prominent economists such as Milton ...
Soft-Hearted Economists Need Clear Heads by Future of Freedom Foundation May 2, 2010 One of the issues at stake in the 2006 midterm elections was a raise in the minimum wage. Voters in six states had minimum-wage increases on the ballot, and unfortunately all of the initiatives passed. This is not surprising, however. On the surface, it appears that requiring employers to pay at ...
Hornbergers Blog, May 2010 by Jacob G. Hornberger May 1, 2010 Friday, May 28, 2010 Libertarians, Open Borders, and the Welfare State by Jacob G. Hornberger Nobel Prize winning libertarian economist Milton Friedman once suggested that libertarians could rightfully oppose the concept of open borders as long as the United States had a welfare state. Friedmans point was that with open borders and a welfare state, the United States would attract foreign citizens ...
Commentaries – 2009 by Future of Freedom Foundation April 28, 2010 December 2009 Serious Problems with Obama's Plan to Move Guantnamo to Illinois by Andy Worthington What Does It Take to Get Out of Obama's Guantnamo? by Andy Worthington There's No Such Thing as a Free Mammogram by Sheldon Richman Do We Really Need a Central Bank? (Video) by Steve Horwitz Cleared for Release and ...
by Future of Freedom Foundation April 28, 2010 Mussolini and the Mortgage Bailout by Jacob G. Hornberger President Bush’s “agreement” with the mortgage industry to freeze interest rates is a reminder of the point that Ludwig von Mises made about interventionism. It is also a reminder of Benito Mussolini’s government-business partnerships that inspired much of the regulatory aspects of Franklin Roosevelt’s New Deal. Notice, first of all, that President Bush ...
Speaker Spotlight: Daniel Ellsberg and Joseph Margulies by Future of Freedom Foundation April 28, 2010 Previous Conference Updates: “Speaker Spotlight: Ivand Eland and Tom DiLorenzo” “Student Scholarships and Speakers Robert Scheer and Richard Ebeling” “Student Scholarships and Speakers Justin Raimondo and Karen Kwiatkowski” “Conference 2007 Speaker Spotlight: Lew Rockwell and Bob Higgs” “Conference 2007 Speaker Spotlight: Jim Bovard and Ralph Raico” “FFF Conference: Restoring ...
