The New Deal Was No Deal (part III)
The Roosevelt era meant a considerable push forward in the ratchet-like evolution towards overall government planning of the economy. As is apparent from the plethora of decrees enumerated and analyzed above, the actions toward the professed government take-over of the economy did not develop according to a road-map well thought in advance, but rather in an erratic zigzag fashion.
The New Deal Was No Deal (part II)
The New Deal has radically affected all economic life: employment, agriculture, housing, taxation and redistribution, manufacture and industry. The analysis of the acts and regulations shows their negative effects. Moreover, one can study the dynamics of interventionism: when the consequence of bad policies asked for action, the New Deal had only one solution: more interventionism.
The New Deal Was No Deal (part I)
Currently, one of the loci communes of economic history is that the New Deal was the right cocktail of state-mandated policies to pull the US economy out of the Great Depression that begun in 1929. The relevance of this interpretation has increased tremendously since the crisis of 2008 that many compare with the crisis of 1929. There is a quasi-general demand for a new New Deal. This essay is intended as another attempt at a short revisionist history of the 1933 – 1939 period.
The Ethics of Environmental Protection
The main objectives of this paper will be, on the one hand, to analyze the environmental legislation (viewed as a result of the environmentalists’ claims) in light of five universally valid ethical principles and on the other hand, to propose a better juridical alternative for solving conflicts regarding environmental protection.
Can Gold and Silver Return As Global Money?
What is essential for money and banking is that money production be severed from the whims of the established authorities and occasional counterfeiters. Society must enjoy again one or several monies characterized by relative scarcity, and difficulty of multiplication through falsification, besides transportability, divisibility, homogeneity, and fungibility.
Private production of defense – A Myth?
The concept of private production of defense is indeed a fascinating one. Why? Well, first of all, the idea that police protection is a public good and a natural monopoly is the foundation on which any government is built. Police and army forces are basically the source of power and legitimacy for the state.
An Internet KGB for Europe
An international host of lawyers, rent seekers, and bureaucrats are working for the development and enforcement of IP laws. But they labor under the false assumption — as N. Stephan Kinsella shows — that there is a scarcity of ideas.
America’s Subprime-acy
John Subprime Smith, unemployed worker of Zzyzx, California (real city), in a quick glance assesses he’s qualified for his local bank’s exclusive mortgage terms. Five years after, in the summer of 2007, John realizes he can no longer pay his mortgage rates, bank catches on its lack of liquidity, and the Fed realizes its moral duty to provide liquidity… Ten years earlier, Joe ”the Overoptimistic” Doe also had a small credit from the same bank and placed it in Mirage.dot.com.Inc. stock. Highly over-valued, the stock was to go bust, shaking the bank and bringing in the Fed with liquidity. The bank was saved and was generously waiting for… Mr. Smith.
Sustainable (under)development…or how to warm ourselves without lighting a fire!
At over 40 Celsius, the human body goes haywire. At 40 in the soup, chez Alain Ducasse, Athenee Plaza in Paris, the bill goes above the minimum monthly wage in Romania. At 40 inside, sales in conditioned air and otitis cures, go up. At 40 outside, brewers take advantage of the drought-ruined farmers’ subsidy in spite of weather girls’ charms. All while the Government plans for less than 40.
Proletarians of all countries, enlighten!
Vlad Topan is unraveling a few gross Marxian miths that never seem to die.
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