Author Archives: radiofreemarket

The Great Deformation The above link to David A. Stockman’s speech at the Mises Institute on May 23, 2013 is well worth your time.  He discusses the main points of his new book The Great Deformation: the Corruption of Capitalism … Continue reading →

From today’s Open Europe news summary: ECB lending to banks in Portugal reached €50.2bn in July, its highest level for seven months. Bloomberg WSJ Reuters Irish Independent As explained by Professor Philip Bagus in this essay, the European Central Bank … Continue reading →

Re: BIS blames Europe’s creditors for eternal euro crisis AS usual, the same, tired, myopic monetary bureaucrats fail to dig deeper into the cause of the euro debt crisis, blaming banks for accommodating subprime debtors.  But why would they do … Continue reading →

Dear Sirs: Ms. Mariana Mazzucato’s book The Entrepreneurial State: Debunking Public vs Private Sector Myths is hardly the “brilliant exploration of new ideas in business” and that “government is behind the boldest risks and biggest breakthroughs”, as Martin Wolf writes in … Continue reading →

About ten years ago my wife, son, and I stayed for one night with acquaintances in a small town in Queensland, Australia.  They lived on a small property and kept a donkey.  They had built a small earthen dam to … Continue reading →

Housing Prices Jump, But Headwinds Build This Wall Street Journal article is typical of many in that it celebrates the rise in home prices.  Yet no one is happy if other costs of living increase, such as food, energy, clothing, … Continue reading →

I have received more personal emails regarding my earlier essay Declare Detroit a Free City than all my other essays put together. Some have been especially poignant.  For example, one lady said that she and her husband, who has been … Continue reading →

We who advocate the free market as the sure path to peace and prosperity and decry the seeming never ending interventions of government often hear the response that the US economy has to get much, much worse before any real … Continue reading →

Re: Change of Heart Over Detroit I’m sure that you have heard, as have I, people saying that the US economy has to get much, much worse before any real reforms will be allowed to cure it.  Well, we have … Continue reading →

Re: Eco   Blowback: Mutiny in the land of wind turbines. A thorough and   interesting report on Germany’s headlong rush to phase out nuclear power and replace it with wind power. When free market capitalism no longer governs investment, economic calculation … Continue reading →