DOCSLIB.ORG

The Freeman 1999

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
The Freeman 1999 Ideas On: Liberty ~ June 1999 Vol. 49, No.6 8 The Professionalization of Parenthood by Susan Orr 11 Children's Real Enemy by John Hood 16 The Second Amendment in the Light of American Republicanism by Joseph R. Stromberg 23 The Reserve Requirement Debacle of 1935-1938 by Richard H Timberlake 130 The Great Gold Robbery by James Bovard 125 Market-Share Sophisms by Christopher Mayer 39 The Market and Political Freedom by John Marangos 42 Against the Tide: The Life of Francis W. Hirst by Mark Brady 48 Educational Savior? by Daniel Hager 4 THOUGHTS on FREEDOM-Government Is No God by Donald J. Boudreaux 21 IDEAS and CONSEQUENCES-A Tax Is Not a User Fee! by Lawrence W Reed 33 POTOMAC PRINCIPLES-Balkans Bungling: Why Only Congress Can Declare War by Doug Bandow 37 PERIPATETICS-The Permanent War by Sheldon Richman 146 ECONOMIC NOTIONS-Private Property and Opportunity Costs by Dwight R. Lee 52 ECONOMICS on TRIAL-New Possibilities for Our Grandchildren by Mark Skousen 63 THE PURSUIT of HAPPINESS-Nothing's Free by Russell Roberts 2 Perspective-When Bullies Take Power by Sheldon Richman 6 Workers Exploited? It Just Ain't So! by Donald J. Boudreaux 51 Capital Letters: Does Survival Trump Morality? 54 Book Reviews A Life of One's Own: Individual Rights and the Welfare State by David Kelley, reviewed by Ellen Frankel Paul; Mugwumps: Public Moralists of the Gilded Age by David M. Tucker, reviewed by Burton Folsom; Who Killed Homer? The Demise of Classical Education and the Recovery of Greek Wisdom by Victor Davis Hanson and John Heath, reviewed by Fred D. Miller, Jr.; Secession, State & Liberty edited by David Gordon, reviewed by George C. Leef; Money and the Nation State: The Financial Revolution, Government and the World Monetary System edited by Kevin Dowd and Richard H. Timberlake, reviewed by Bert Ely; Policy Analysis and Public Choice: Selected Papers by William A. Niskanen, reviewed by Bruce Yandle. THE F'EEMAN When Bullies Take Power Published by The Foundation for Economic Education Life is Beautiful, winner ofAcademy Awards Irvington-on-Hudson, NY 10533 for best foreign language film and best actor Phone (914) 591-7230 FAX (914) 591-8910 (Roberto Benigni), is a remarkable movie. E-mail: [email protected] FEE Home Page: http://www.fee.org This story about a Jewish father's attempt to shield his son from a Nazi concentration camp President: Donald J. Boudreaux is perhaps the most powerful movie ever made Editor: Sheldon Richman about the Holocaust. The movie makes a stun­ Managing Editor: Beth A. Hoffman ning impression precisely because it focuses Editor Emeritus Paul L. Poirot on one family's ordeal and juxtaposes horror Book Review Editor and humor. George C. Leef I'd like to know what audiences are thinking Editorial Assistant when they leave the theater. I suspect the stan­ Mary Ann Murphy dard reactions are along these lines: The Nazis Columnists Charles W. Baird sure were bad. Or, hate and intolerance are Doug Bandow terrible. That's fine, as far as it goes. But it Dwight R. Lee doesn't go nearly far enough. Lawrence W. Reed I wonder how many people came away Russell Roberts thinking: Government certainly is dangerous. Mark Skousen Thomas Szasz How can we limit its power so it will never Walter Williams engage in systematic mass murder again? Too Contributing Editors few, I fear. Peter J. Boettke Murderous hatred was certainly a necessary Clarence B. Carson condition for the Holocaust. But it was hardly Thomas J. DiLorenzo a sufficient condition. How many Jews could Burton W. Folsom, Jr. Joseph S. Fulda Hitler and his thugs have killed had Germany Bettina Bien Greaves had a strong classical liberal tradition under­ Robert Higgs girding a constitutionally limited government. John Hospers The question answers itself. Raymond J. Keating Murder on the scale perpetrated by Hitler, Daniel B. Klein Lenin, Stalin, Pol Pot, Idi Amin, et al. requires WendyMcElroy Tibor R. Machan a state; that is, a legitimized machinery of Ronald Nash force. Only a state can concentrate the Edmund A. Opitz resources (thanks to taxation) necessary for James L. Payne such a monstrous feat. More important, only a William H. Peterson state has the mystique (thanks to its schools, Jane S. Shaw among other things) to command the sort of Richard H. Timberlake Lawrence H. White allegiance required to induce large numbers of people to cooperate or at least to stand by and The Freeman is the monthly publication of The Foundation for Eco­ nomic Education, Inc., Irvington-on-Hudson, NY 10533. FEE, let it happen. A dictator is just a bully with a established in 1946 by Leonard E. Read, is a non-political, educational champion of private property, the free market, and limited government. state at his disposal. FEE is classified as a 26 USC 50l(c)(3) tax-exempt organization. Hate and intolerance are likely to be fea­ Copyright © 1999 by The Foundation for Economic Education. Per­ mission is granted to reprint any article in this issue, provided credit is tures of the social landscape for quite some given and two copies ofthe reprinted material are sent to FEE. The costs of Foundation projects and services are met through dona­ time to come. Trying to avert future systemat­ tions, which are invited in any amount. Donors of $30.00 or more receive a subscription to The Freeman. For delivery outside the United ic mass murders by abolishing hate and intol­ States: $45.00 to Canada; $55.00 to all other countries. Student sub­ erance is naIve and futile-especially if gov­ scriptions are $10.00 for the nine-month academic year; $5.00 per semester. Additional copies ofthis issue ofThe Freeman are $3.00 each. ernment accumulates new powers in the Bound volumes of The Freeman are available from The Foundation for calendar years 1972 to date. The Freeman is available in microform process. A more efficacious and feasible from University Microfilms, 300 N. Zeeb Rd., Ann Arbor, MI 48106. 2 course (albeit still extremely difficult) is to achieves a dominant share of a market. Are institutionalize strict limits on government consumers at risk from a dominant firm? power. When that's achieved, aspiring dicta­ Christopher Mayer ponders the question, tors will have difficulty achieving office high­ showing that "market share" is not the simple er than neighborhood bully. concept that regulators think it is. Is the market order compatible with author­ *** itarianism? Even some champions of capital­ Thanks to a passel of government pro­ ism reluctantly believe so. John Marangos grams, Americans are·increasingly getting the disagrees, arguing that economic freedom message that parenthood can't be left to ama­ holds the seeds ofpolitical freedom. teurs any longer. A century and a half after Francis Hirst is virtually unknown today. responsibility for schooling was lifted from But in his time, he was a prominent advocate parents' shoulders, is the state ready to relieve of individual liberty and opponent of state them-starting with low-income people-of power, both the welfare and warfare variety. the rest of the job of rearing children? Susan Mark Brady introduces us to this forgotten Orr doesn't like what she sees. English champion offreedom. Programs such as Head Start are often A government-controlled education system defended as "investments" in children that that only sought to teach children to read promise to avoid later social problems like would have been bad enough. But what about crime and dependency. John Hood looks at a school system designed to recast society in a the data and isn't impressed. collectivist mold? Daniel Hager profiles an old No matter how the advocates ofgun control proponent ofsuch a system, George Counts. try to evade it, America's founding generation Our columnists once again find provocative was avidly pro-gun and not just for sporting topics to chew on. FEE President Donald purposes. Joseph Stromberg explores the rela­ Boudreaux reminds us government isn't a tionship between firearms and the philosophy god, then looks at a claim that workers are on which the United States was established. being forced to work without pay and The federal government did many things to responds, "It just ain't so!" Lawrence Reed tum what might have been a short recession sees differences between taxes and user fees. into the Great Depression. In his series finale, Doug Bandow explores President Clinton's Richard Timberlake explains that one ofthose Balkans folly. Dwight Lee illustrates that even things was the manipulation of the banking gifts entail opportunity costs. Mark Skousen system's reserve requirements. thinks economic growth could double and go One ofFranklin Roosevelt's first acts was to on indefinitely. Russell Roberts warns that outlaw the possession and monetary use of nothing is free. gold. It was an assertion of executive power Our reviewers render verdicts on books that would have far-reaching consequences, about money, the welfare state, Mugwumps, writes James Bovard. the classics, secession, and the work of a The Department of Justice and the Federal major public choice economist. Trade Commission get upset when a company -SHELDON RICHMAN The apple icon _ identifies Freeman articles that are appropriate for teaching high­ school· students several major subjects-including economics, history, government, phi­ losophy, and current issues. We also provide sample lesson plans for these articles on our Web site www.fee.org and in written form. Teachers and homeschooling parents need only to visit our Web site or request written lesson plans to take advantage ofthis unique service. 3 e>rl by Donald J. Boudreaux Government Is No God ssume you need surgery to remove a possess near-godlike capacities for mastering Abrain tumor.
Load more

Recommended publications
  • The Region, Vol
    Henry Parker Willis and the Location of the Federal Reserve Districts and the Headquarter Cities By David Hammes, Professor of Economics, University of Hawaii-Hilo 200 W. Kawili Street, Hilo, HI 96720-4091 [email protected] The Federal Reserve Act of 1913 called for dividing the USA into eight to twelve separate Reserve districts to help provide regional and national economic stability. The Committee responsible for designating the districts and headquarter cities made its decision public on April 2, 1914. Since that time, suspicion has been that political influences determined both the number and location of the reserve bank districts and cities. Based on the writings of Henry Parker Willis (1874 – 1937), this paper outlines the process used in 1914 to determine the number and locations of reserve districts and banks. Introduction1 The framers of the Federal Reserve System intended each of the Federal Reserve district banks to play a significant role in regional economic stability. Given changes in legislation (e.g. the Federal Reserve Act of 1935), and the greater mobility of capital, people, and information through time, monetary policy has been centralized in the Board of Governors and 2 Federal Open Market Committee. Public interest in the System has naturally followed the policy-power shift to the Board in Washington, DC. Interest today in the Reserve district banks is often limited to questions such as: ‘Why are there two Federal Reserve banks in the state of Missouri?’ and/or ‘Why are there so many reserve bank cities in the east versus the west?’ Following early commentary the answers are usually attributed to ‘politics’.
    [Show full text]
  • Elections 1910 and 2010
    For the study of Liberal, SDP and Issue 68 / Autumn 2010 / £6.00 Liberal Democrat history Journal of LiberalHI ST O R Y Elections 1910 and 2010 Ian Packer The 1910 general elections Turning points in British politics? John Curtice The 2010 election Has the mould of British politics finally cracked? Mark Pack The 1910 and 2010 elections Continuity and change in election campaigning Steve Belzak Swinging in the ’60s to the Liberals Mary Murphy and Pontypridd UDC Jonathan Calder Searching for Paddy Logan Discovering Harborough’s Liberal history Liberal Democrat History Group Liberal Leaders of the Nineteenth Century The latest publication from the Liberal Democrat History Group is Liberal Leaders: Leaders of the Liberal Party 1828– 1899. The forty-page booklet contains concise biographies of every Liberal leader from the Great Reform Act to the end of the nineteeth century – the heyday of the Liberal Party. The total of eleven biographies stretches from Lord Grey to Sir William Harcourt, including such towering figures as Viscout Melbourne, Lord John Russell, Lord Palmerston and William Ewart Gladstone. Liberal Leaders of the Nineteenth Century is available to Journal of Liberal History subscribers for the special price of £3.50 (normal price £4) with free p&p. To order, please send a cheque for £3.50 (made out to ‘Liberal Democrat History Group’) to LDHG, 38 Salford Road, London SW2 4BQ. Liberal Leaders of the Twentieth Century The companion volume from the Liberal Democrat History Group is Liberal Leaders: Leaders of the Liberal Party, SDP and Liberal Democrats since 1900. The sixty-page booklet contains concise biographies of every Liberal, Social Democrat and Liberal Democrat leader since 1900.
    [Show full text]
  • 1 Financial and Monetary History of the United States 1700 to 1933
    Financial and Monetary History of the United States 1700 to 1933 Economics 344:01 (Fall 2012) Monday/Thursday 11:30-12:50 Murray 211 Professor Michael D. Bordo Department of Economics New Jersey Hall, Room 304 Rutgers University (732) 932-7363 [email protected] http://econweb.rutgers.edu/bordo Office hours: Mondays 11-12 and Thursday 11-12 or by appointment Prerequisites Econ 320 (Intermediate Microeconomic Analysis) and Econ 321 (Intermediate Macroeconomic Analysis). Money and Banking Econ 301 is recommended. This is an upper level elective course where you are expected to apply the knowledge and expertise that you have gained in the prerequisites. Course Objective The focus of the course is on American Monetary and Financial history. The methodology of the course is to apply modern tools of monetary and macroeconomic theory to important historical issues. The introduction of theoretical tools and historical data can shed new light on controversies of the past and yield new insights for today’s economic problems. Attendance Policy and Academic Integrity Students are expected to attend every class. Attendance is highly correlated with performance in the course. As this is an upper level class I will not take attendance. It is the student’s responsibility to master the course work including the lectures and the readings. As always at Rutgers, you are expected to follow the University’s precepts of academic integrity. ( See http://academicintegrity.rutgers.edu/integrity.shtml). Course Requirements There will be a short research paper of maximum 12 pages, double-spaced including references, tables and figures worth 40% of the grade.
    [Show full text]
  • Textbooks and Pure Fiscal Policy: the Neglect of Monetary Basics
    Econ Journal Watch, Volume 4, Number 1, January 2007, pp 60-70. Textbooks and Pure Fiscal Policy: The Neglect of Monetary Basics LEE C. SPECTOR AND T. NORMAN VAN COTT * ABSTRACT AGGREGATE DEMAND CANNOT CHANGE WITHOUT THE CONCOMITANT support of the monetary sector. At the initial level of output, either the money supply must change, the demand for money change, or the quantity of money demanded change. The link between money demand and money velocity means that changes in the demand for money and quantity of money demanded correspond to exogenous and endogenous changes in the velocity of money at the initial level of output. In any event, absent the support of the monetary sector, aggregate demand does not change. End of story. 1 One would hope that macroeconomic discussions of fiscal policy would utilize such monetary basics. Unfortunately, most leading textbooks in macro and monetary economics do not elucidate the monetary mechanisms crucial to understanding the effects of fiscal policy. Indeed, one must go back at least thirty years to find textbook discussions that do * Department of Economics, Ball State University. Muncie, IN 47306. The authors thank Milton Friedman and Richard Timberlake for their encouraging comments on a previous version of this paper. 1 At the initial level of output, endogenous changes in the quantity of money demanded or velocity can occur as a result of a change in the interest rate. Moreover, endogenous and exogenous changes in velocity at the initial level of output are probably better thought of as changes in the “desired” velocity since they stem from changes in people’s willingness to hold money.
    [Show full text]
  • July 1, 2015–June 30, 2016 FY16: a LOOK BACK
    Georgia Museum of Art Annual Report July 1, 2015–June 30, 2016 FY16: A LOOK BACK This fiscal year, running from July 1, 2015, a dramatic uptick in attendance during the to June 30, 2016, was, as usual, packed with course of the show. Heather Foster, an MFA activities at the Georgia Museum of Art. The student at UGA in painting and an intern in exhibition El Taller de Gráfica Popular: Vida y our education department, created a series of Arte kicked off our fiscal year, providing the Pokemon-inspired cards highlighting different inspiration for our summer Art Adventures objects in the exhibition. We also embarked programming in 2015 as well as lectures, upon our first Georgia Funder, using UGA’s films, family programs and much more. We crowd-funding platform to raise money for the engaged in large amounts of Spanish-language exhibition’s programming. Caroline Maddox, programming, and the community responded our director of development, left for a position positively. at the Los Angeles County Museum of Art, and Laura Valeri, associate curator, for Georgetown In July, the Friends of the Georgia Museum University Press. of Art kicked off a three-month campaign to boost membership by 100 households. Through In November, we focused attention on three carefully crafted marketing emails and the first major gifts from the George and Helen Segal in a series of limited-edition mugs available only Foundation, devoting an entire exhibition to through membership, they did just that and them. Other major acquisitions included a more. painting by Frederick Carl Frieseke (due to the generosity of the Chu Family Foundation), one In August, with the beginning of the university’s by Anthony Van Dyck and studio (from Mr.
    [Show full text]
  • Before the Revolution
    Hell_9780385513999_4p_01_r1.e.qxp 8/25/09 10:04 AM Page 1 ONE BEFORE THE REVOLUTION 1905 – 1917 y If a life can have a theme song, and I believe every worthwhile one has, mine is a religion, an obsession, or a mania or all of these expressed in one word: individualism. I was born with that obsession and have never seen and do not know now a cause more worthy, more misunder- stood, more seemingly hopeless and more tragically needed. Call it fate or irony, but I was born, of all countries on earth, in the one least suit- able for a fanatic of individualism, Russia. —Autobiographical Sketch, 1936 hen the fierce and extraordinary Ayn Rand was fifty- two years old, about to become world famous, and more than thirty years re- moved from her birthplace in Russia, she summed up the meaning Wof her elaborate, invented, cerebral world this way: “My philosophy, in essence, is the concept of man as a heroic being, with his own happiness as the moral purpose of his life, with productive achievement as his noblest activity, and reason as his only absolute.” It was a world in which no dictator, no deity, and no well- meaning sense of duty would ever take away the moral right of the gifted individual—Ayn Rand—to live according to her own high- wattage lights. This was not the world she was born into. Ayn Rand was born Alissa Zinovievna Rosenbaum, a Russian Jew, on February, 2, 1905, in St. Peters- Hell_9780385513999_4p_01_r1.e.qxp 8/25/09 10:04 AM Page 2 2 AYN RAND burg, then the capital city of the most anti- Semitic and politically di- vided nation on the European continent.
    [Show full text]
  • Download (Pdf)
    Introduction Jeffrey M. Lacker n March 4, 1951, the Chairman of the Board of Governors of the Federal Reserve System, Thomas B. McCabe, and the Secretary of O the Treasury, John W. Snyder, released a joint announcement of an understanding that has come to be known as the Treasury–Federal Reserve Accord.1 That watershed agreement released the Federal Reserve from the obligation to support the market for U.S. government debt at pegged prices and laid the institutional foundation for the independent conduct of mone- tary policy in the postwar era. This special issue of the Economic Quarterly commemorates the 50th anniversary of the Treasury–Federal Reserve Accord. The Federal Reserve’s support for government debt prices during World War II kept yields from rising and reduced the direct cost to the Treasury of financing wartime deficits. Although this support effectively monetized the debt, price controls helped limit inflation. The policy of supporting govern- ment security prices was still in effect when hostilities broke out on the Korean peninsula in the middle of 1950. As inflationary pressures emerged later that year, the Federal Open Market Committee sought to raise short-term interest rates. The Treasury resisted, and the issue came to a head in the dramatic events of late January and early February of 1951, which set in motion the negotiations that produced the Accord.2 The central issue at stake was control of the Federal Reserve System’s balance sheet. By committing to support government debt prices, the Federal Reserve in effect gave up control over the amount of government debt it held.
    [Show full text]
  • Blast from the Past: Hayek, Gold, and Money
    Blast from the Past: Hayek, Gold, and Money Nikhil Sridhar Richard Salsman, Faculty Advisor 1 Acknowledgements I would like to thank Professor Richard Salsman for his invaluable guidance in the writing of this paper and his incredible mentorship throughout my undergraduate career. I would also like to express my gratitude George Selgin of the Cato Institute’s Center for Monetary and Financial Alternatives for recommending many of the sources used in this paper. Finally, there is little chance that this paper would have been completed without the endless debates on monetary economics with my dear friends Gaurav Sharma, Alexander Frumkin, and Aditya Paruchuri. 2 Abstract The resurgence of Austrian economics and the development of market monetarism as a school of thought since the Global Financial Crisis has brought NGDP targeting into the mainstream political economic discourse. This paper will discuss a close cousin of nominal income targeting, Hayek’s rule for monetary policy, and explore its relationship with the classical gold standard, as many advocates of a stable nominal income pathway have also expressed support for some form of a gold standard in the past. This paper offers a theoretical and historical exposition of Hayek’s rule and the classical gold standard before offering a comparative institutional analysis of these two monetary regimes with special consideration given to political economic considerations. 3 Table of Contents Introduction ....................................................................................................................................
    [Show full text]
  • Vrijbrief 1998/2
    Protectionisme: bescherming van de consument tegen lage prijzen de Vrijbrief Democratie: Zin of Onzin? Stem Niet! De Utopische Verleiding: plaag van deze eeuw Ongelode benzine: de Feiten 1998/2 van de Redactie LIJFSBEHOUD De overheid biedt u 'de kans van uw leven'. U kunt nu laten regi- streren dat u uw kostbaarste bezit wilt weggeven. ledere Nederlan- der van 18 jaar en ouder heeft hiervoor een formulier thuisgestuurd gekregen: wordt orgaandonor en geeft gul! Maar de verkoop van organen blijft verboden. In Nederland heerst de consensus dat geld verdienen aan een nier of lever onethisch is. Bij leven mag u slechts beslissen of u al dan niet delen van uw li- chaam, na uw dood, gratis wilt afstaan aan anderen. Meer mag niet; het recht te beschikken over eigen lijf en leden eindigt bij overlij- den. In jeugdige overmoed besloten een vriend en ik eens dat wij beiden eetbaar waren. Christus had ons het goede voorbeeld gegeven met zijn 'neemt en eet dit lichaam'. En in Robert Heinleins voortreffelij- ke science-fiction roman Stranger In A Strange Land genoten de vrienden van hoofdpersoon Valentine Michael Smith smakelijk na van zijn dood. Er moest wel een snufje zout bij. Kannibalisme leek ons pas misdadig als iemand tegen zijn zin werd opgegeten. Op uit een schoolschrift gescheurde blaadjes schreven we dat ieders li- chaam, na overlijden, eigendom werd van de langstlevende. Voor hem om naar goeddunken over te beschikken. Orgaandonatie stond toen nog niet zo in de belangstelling en we waren jong. Anders hadden we ongetwijfeld bedacht dat de langstlevende het lichaam van de ander ook te gelde zou kunnen maken.
    [Show full text]
  • March 2014 This Month’S Features
    March•2014 PULSE ON THE MARKET Whoa-oh China Gold Discreet Yellen BUILDING THE 10% Bank of England Shreds Ah, Venice Napolitano Judges Lincoln LMR Page 5 DO LIFE INSURERS KEEP CASH VALUES AFTER DEATH? by Robert P. Murphy Page 8 EXPLODING ENRON AND OTHER ENERGY MYTHS INTERVIEW WITH ROBERT L. BRADLEY, JR. Page 25 THE INFINITE BANKING INSTITUTE: OUR FIRST ANNIVERSARY by L. Carlos Lara Page 17 LARA-MURPHY REPORT 2 LMR MARCH 2014 THIS MONTH’S Features 178 25 DO LIFE INSURERS THE IBI: OUR FIRST EXPLODING ENRON KEEP CASH VALUES ANNIVERSARY AND other AFTER death? BY L. Carlos Lara ENERGY MYTHS BY Robert P. Murphy Lara wishes congrats but the best is Interview yet to come. Murphy tackles the common Robert Bradley is one of the world’s objection that life insurance leading free-market energy economists. companies keep your cash value The future is bright, if government when you die. would get out of the way. IN EVERY ISSUE 4 5 31 Dear Readers Economic Deep End One More Thing LARA-MURPHY Report PULSE ON THE MARKET EVENTS AND Time to mark your calendar for this Whoa-oh China Gold • Discreet ENGAGEMENTS year’s Night of Clarity! Yellen • Bank of England Shreds Learn more in person from Lara, • Ah, Venice • Napolitano Judges Murphy, and other Austrian economists, Lincoln at these upcoming appearances. Overview 3 LMR SEPTEMBER 2010 ABOUT LARA & MURPHY L. CARLOS LARA manages a consulting firm specializing in corporate trust services, business consulting and L. Carlos Lara debtor-creditor relations. The LMREditor in Chief firm’s primary service is working Dr.
    [Show full text]
  • Sir George Paish: Ambassador of Free Trade
    SIR GEORGE PAISH: AMBASSADOR OF FREE TRADE A THESIS SUBMITTED TO THE FACULTY OF LIBERTY UNIVERSITY IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR MASTER OF ARTS DEPARTMENT OF HISTORY DR. HOMER H. BLASS, CHAIR DR. DOUGLAS MANN BY JENNIFER D. BOLAN APRIL 15, 2011 LYNCHBURG, VA CONTENTS Introduction A ―Little Understood‖ Life 1 Chronological Overview 1 Family Life 4 Historiography 6 Historical Significance and Major Themes 11 Chapter 1 ―The Last Shall Be First‖: From Night School to Knighthood 14 Early Writing Career (1900-1909) 14 Advising David Lloyd George and Hopes for Peace (1909-1914) 28 Wartime Work in the Treasury (1914-1915) 35 Post-Treasury Activities (1915-1916) 48 Mental Collapse and Recovery – Looking Towards the Post-War World (1916-1918) 51 Chapter 2 The ―Unanswerable Logic‖ of Economics: Reparations, Credit, and Debt in the Post-War World 56 Post-War Observations on Germany and the Peace (1918-1919) 57 Initial Appeals for American Help (1920-1922) 59 Proposals for Helping the Continent (1922-1925) 69 Proposal for Free Trade as Crisis Prevention (1925-1927) 74 Chapter 3 The ―Unwelcome Truth‖ of ―Unprecedented Danger‖: The Great Depression and World War II 83 Proposal for Recovery – A Global Worldview of Economic Policy (1931-1934) 83 Proposal for Recovery – Strengthening the League of Nations (1934-1936) 93 Failure of Recovery – Omens of War (1936-1939) 96 World War II (1939-1945) 102 Conclusion 110 Bibliography 115 ii Introduction: A ―Little Understood‖ Life1 Chronological Overview From the latter half of the nineteenth century through the early years of the twentieth, Europe knew greater prosperity than any earlier era.
    [Show full text]
  • The Freeman 1995
    IDEAS ON LIBERTY 4 Ludwig von Mises (1881-1973): A Prophet Without Honor in CONTENTS His Own Land by Bettina Bien Greaves JANUARY The great economist's early years. 1995 9 Invasion of the Mind Snatchers by Nelson Hultberg VOL. 45 The insidious collectivist ideological movement at work in America. NO.1 13 Tacit Consent: A Quiet Tyranny by Bowen H. Greenwood The views of John Locke and John Rawls. 18 Ideas and Consequences-How Important Is Your Vote? by Lawrence W. Reed Some thoughts on suffrage and democracy. 20 Private Property Ownership by Albert R. Bellerue Recovering lost sticks in the bundle of rights. 23 Private Property and Government Under the Constitution by Gary M. Pecquet Where have all our property rights gone? 33 A Matter of Principle-The Second American Revolution? by Robert James Bidinotto Analyzing the November mid-term elections. 35 The First Atomic Age: A Failure of Socialism by Rodney Adams How the "socialized atom" superseded the "entrepreneurial atom." 40 Nuclear Power: Our Best Option by Mike Oliver and John Hospers Common sense about energy issues. 46 The Immorality of Social Security by John Attarian A disingenuous, flawed system faces bankruptcy. 51 Employer Mandates: A Threat to Employees by David R. Henderson When government requires employment benefits, workers lose. 54 Economics on Trial-European Unemployment: The Age of Ignorance, Part II by Mark Skousen A mystery is not so mysterious after all. 56 Book Reviews Daniel B. Klein reviews Second Thoughts: Myths and Morals of U.S. Economic History, edited by Donald N. McCloskey; Ain't Nobody's Business If You Do: The Absurdity ofConsensual Crimes in a Free Society by Peter McWilliams, reviewed by Doug Bandow; The Fall of the Ivory Tower: Government Funding, Corruption, and the Bankrupting ofHigher Education by George Roche, reviewed by Steven Yates; Your Doctor Is Not In: Healthy Skepticism About National Health Care by Jane M.
    [Show full text]