The Recession of 1920 – Causes, Responses and Insights

In my study of political economy, one of the most overlooked yet fascinating historical episodes I have come across is the Recession of 1920-21. A handful of free-market economists have tackled this crisis, and I decided to throw in my lot with them and pursue the subject further myself.

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Stossel Does Atlas Shrugged, Asks "Who is Wesley Mouch?"

In tomorrow’s episode of John Stossel’s new show on Fox Business, he will address the question, “Who is Wesley Mouch?” in speaking to the parallels between Atlas Shrugged and contemporary America.  As one might expect, in my view it seems as if almost all businessmen (given their predilection towards using government to destroy markets . . . → Read More: Stossel Does Atlas Shrugged, Asks "Who is Wesley Mouch?"

The Failure Of Free Markets

Free markets are being blamed for the global economic crises, but there have been virtually no free markets in most of the world for decades. While not totally unfree, nearly all markets have been manipulated, managed, poked and prodded by bureaucrats and politicians. Whether the interventions were necesssary is a different question. What cannot be questioned is the fact that interventions were prevalent. . . . → Read More: The Failure Of Free Markets