Voice For Liberty

Tag: Interventionism

  • Who is Responsible for Inflation?

    Walter Williams explains the difference between counterfeiting and monetary policy. He explains that “inflation results from an increase in the supply of money relative to the demand for money.” He asks who, then, is responsible for inflation? In the United states, who is able to create money? The answer, of course, is the Federal Reserve…

  • The New Deal in Retrospect

    Many people refer to incoming president Barack Obama as the next FDR. The myth of Franklin Roosevelt — primarily that he cured the Great Depression through his extreme interventionism — is starting to be exposed. In this review (The Disaster Called the New Deal) of Burton Folsom’s book New Deal or Raw Deal? How FDR’s…

  • Hard to believe, but not everyone in politics wants a free lunch

    Writing in the Wall Street Journal (Governors Against State Bailouts), the governors of Texas and South Carolina argue against bailouts: “It is also taking our country in a very dangerous direction — toward a ‘bailout mentality’ where we look to government rather than ourselves for solutions.” Unfortunately, Kansas Governor Kathleen Sebelius doesn’t agree. She’s very…

  • Bailout-mania spreads to the states

    Bailout-mania spreads to the states, and Kansas Governor Kathleen Sebelius is at the forefront. As reported in Kansas Liberty: Sebelius , a Democrat and vigorous Obama supporter who is rumored to be a candidate for a cabinet appointment, formally presented Obama with a request on behalf of the National Governors Association for $40 billion to…

  • Ron Paul says “The Austrians were right”

    Our government is “totally influenced by Keynesian economics.”

  • New Deal Shouldn’t Be Our Template for Recovery

    Can huge government spending programs rescue our economy? Amity Shlaes doesn’t think so: The New Deal is Mr. Obama’s context for the giant infrastructure plan his new team is developing. If he proposes FDR-style recovery programs, then it is useful to establish whether those original programs actually brought recovery. The answer is, they didn’t. New…

  • The Austrian Prescription for Today

    Murray N. Rothbard, in his book For a New Liberty: The Libertarian Manifesto, wrote a chapter that is highly relevant to the situation we face today. Unfortunately, if Rothbard’s analysis of the business cycle using Austrian economics is correct — and I believe it is — what’s going on presently in Washington, and what president-elect…

  • Introducing Economics in One Lesson

    In This Book is So Me, Walter Block introduces a book that I’ve quoted from and used extensively: Economics in One Lesson by Henry Hazlitt. Every widespread economic fallacy embraced by pundits, politicians, editorialists, clergy, academics is given the back of the hand they so richly deserve by this author: that public works promote economic…

  • Broad-based Economic Development Will Work Best for Kansas

    Alan Cobb of Americans For Prosperity — Kansas argues that instead of micro-management of economic development efforts, Kansas should aim for a businesses climate that’s good for everyone. See Yes, but it’s only $1.3 billion. We should heed this advice locally in Wichita.