Author Archives: radiofreemarket

My letter to the NY Times: Why the Predictions of Luddites Never Happen

Re: A World Without Work by Daniel Susskind, reviewed by Alana Semuels In the closing paragraph of her review of Daniel Susskind’s A World Without Work, Alana Semuels writes… “The dire predictions of workers losing their jobs to machines have not come true in … Continue reading

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Central Banks: Enemies of Freedom

  Central banks are enemies of a free and prosperous society. Let me count the ways.   Like the military, central banks are creatures of the state. Suggestions of them being independent are pure fantasy.   There is a symbiotic … Continue reading

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US Opposition to Nord Stream Two Is Wrong on Two Fronts

On December 20, 2019 President Trump authorized sanctions against companies and individuals who are participating in building Nord Stream Two, a pipeline under the Baltic Sea that will bring Russian natural gas to Western Europe, principally Germany. The pipeline is … Continue reading

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Fiat Money and Socialism

The Hidden Link Between Fiat Money and the Increasing Appeal of Socialism Among the Young by Patrick Barron For some time now I have been mulling over the possible causes of what seems to be an increase in the desire … Continue reading

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My letter to the NY Times re: Why Not Allow School Choice Regardless of Outcomes

Re: The Secret to Success Academy’s Top-Notch Test Scores Dear Sirs: In his excellent review of Robert Pondiscio’s How the Other Half Learns: Equality, Excellence, and the Battle Over School Choice Dale Russakoff seems to assume that parents should be allowed to send … Continue reading

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Is There an Economic Justification for Tariffs?

A tariff is a tax on imports that is used to satisfy a policy goal. Before the federal income tax became law in 1913, the US federal government was funded almost entirely by tariffs and excise taxes. An excise tax … Continue reading

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Wrong Approach to a No Deal Brexit

From today’s Open Europe news summary: Chancellor: No Deal Brexit would eliminate Treasury’s fiscal reserves The Chancellor of the Exchequer, Philip Hammond, warned yesterday, “The ‘fiscal firepower’ we have built up in case of a No Deal Brexit will only … Continue reading

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The Necessary and Inevitable Recession to Come

The Necessary and Inevitable Recession to Come   by Patrick Barron   Perhaps the most destructive premise of modern, mainstream economics is that a central bank-induced monetary/credit expansion can cause an economy to grow without adverse consequences. Let’s be perfectly … Continue reading

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My letter to the WSJ re: Fed Policy Is Based on Fallacious Economic Science

Re: Low-Inflation Trap That Ensnared Japan and Europe Worries Fed Dear Sirs: I am speechless about the inanity of the Fed’s policy of actually desiring to destroy the purchasing power of the dollar. This mind boggling view of the world is … Continue reading

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My letter to the WSJ re: Inflation is NOT rising prices

Re: The Federal Reserve is Flying Blind on Inflation by Andy Kessler Dear Sirs: What the WSJ and every mainstream economist in the nation refers to as “inflation” is merely an increase in prices. The only true inflation is inflation of the … Continue reading

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