Leszek Balcerowicz: The Anti-Bernanke
As an economic crisis manager, Leszek Balcerowicz has few peers. When communism fell in Europe, he pioneered “shock therapy” to slay hyperinflation and build a free market.
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Book Review: John Allison’s The Financial Crisis and the Free Market Cure
Allison is nothing if not an expert on banking and finance, and having witnessed up close the 2008 financial crack-up that rendered so much of his competition insolvent, he’s written an essential book on the causes of a financial crisis that he unapologetically concludes was born by government error.
READ MOREThe Everyday Price Index Continues Its Upswing
Everyday Price Index October 22, 2012 On an annualized basis, the prices of frequently purchased goods rose nearly 13 percent last month. by Julie Ni Zhu, Research Analyst, and Sarah Todd, Editor
READ MORESocial Security Rises Slightly
Special Report October 5, 2012 Beginning January, recipients should see payments go up by at least 1.5 percent. But the increase probably won’t be enough to cover higher everyday prices. by Polina Vlasenko, PhD, Research Fellow
READ MORECollege Destinations Index: 2012-13 edition
Special Report–CDI October 1, 2012 This brochure lists the top 75 College Destinations for 2012-2013. These include the top 15 among the Major Metros and the top 20 locations among Mid-size Metros, Small Cities, and College Towns.
READ MORERecession Reorders CDI Rankings
Special Report October 1, 2012 Small towns rule in this year’s Top 10 College Destinations. by AIER Staff
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Is Greater Productivity a Danger?
It is bad enough that opponents of the free market wrongly blame capitalism for environmental pollution, depressions, and wars. Whatever the failings of their causal theories, at least they are focused on undoubtedly bad things. We have really gone beyond the pale, though, when the market is blamed for something good.
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A Free-Market Monetary System
When a little over two years ago, at the second Lausanne Conference of this group, I threw out, almost as a sort of bitter joke, that there was no hope of ever again having decent money, unless we took from government the monopoly of issuing money and handed it over to private industry, I took it only half seriously.
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A Cure for What Ails Us
It is not enough to encourage enterprise and limit regulation—we need a fixed system of value.
READ MOREIdle Resources Are the Devil’s Playthings
If the State is so resourceful, why does it need to borrow and tax so much? The debate over the divine “multiplier” rages on. Proponents argue that the economy is plagued with idle resources just sitting around collecting dust. “Why, if the Private ( …
READ MORE“Easy Money: Prelude to Recession” – Freeman
“Why is the American economy plagued by recessions? The simplest way to answer this question is to focus our attention on individuals. Once we know why individual businessmen experience economic setbacks, we will have the key to understanding why the e …
READ MORE“Can Government Manage the Economy?” – James Payne
“For 98 years the federal government has been attempting to prevent asset bubbles, recessions, and spasms of unemployment. In 1913, Woodrow Wilson created the Federal Reserve System, telling the country that this new institution would be “a safeguard a …
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