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Lawrence W. Reed
Lawrence W. Reed – makroekonomista. Od 2008 jest prezydentem Foundation for Economic Education. W latach 80. zorganizował grupę sponsorów, którzy sfinansowali wydanie w II obiegu książek Miltona Friedmana w Polsce. Został za to aresztowany przez służby kontroli granicznej. W 1998 r. opublikował „Great Myths of the Great Depression” Opinie autora blogu nie powinny być utożsamiane z oficjalnym stanowiskiem NBP w omawianych kwestiach.
Artykuły
What is Real Compassion?
In every political campaign, we hear the word “compassion” at least a thousand times. Big government programs are supposed to be evidence of compassion; cutting back government is a sign of cold-hearted meanness. By their misuse of the term for partisan advantage, politicians have thoroughly muddied the real meaning of the word.
As Marvin Olasky points [...]
What the world needs
Readers of this blog know that I’m not an economist who thinks that economics is the most important subject in the world. I believe in a free economy but I also believe that a free economy is not possible or sustainable if people allow their personal character to be corrupted and eroded.
Some years ago I [...]
Lessons from the First Airplane
When I first wrote about the birth of the airplane, it was December 17, 2003—the 100th anniversary of the first manned flight at Kitty Hawk, North Carolina. It was a feat engineered by two now-famous brothers named Wright. In one century the airplane went from a dream to a multibillion-dollar industry that transports hundreds of [...]
7 Fallacies of Economics
Thirty years ago I cited a news commentator who once observed that “any half-dozen economists will normally come up with about six different policy descriptions.” That hasn’t changed a bit in three decades.
If economics is a “science,” then why does it defy the precision, the certainty, and the relative unanimity of opinion which characterize so [...]
Adam Smith and His Enduring Contributions
As an economist, I revere the first individual of my profession, the pioneer who brought economics forth as a serious discipline of its own and changed the world in the process. That person was, of course, Adam Smith, the Father of Economics. Everyone knows the name but how many people really know what he did [...]
Businessmen and the War of Ideas
Years ago as a college professor of economics, I posed a question to each crop of freshman students on or about the first day of class. “Can anyone tell me,” I asked, “what determines whether society is organized along socialist, centrally planned lines or as a free enterprise, private [...]
Polls Suggest Americans Are Waking Up
Recent elections—the contest for Ted Kennedy’s seat in Massachusetts especially—suggest that something big is brewing in America. The Obama government-is-the-answer-to-everything agenda is evaporating. Pundits of every stripe are predicting a tidal wave in the November elections.
Two polls taken within the last month are especially revealing.
One is a [...]
Lessons from Down Under
For producing both material goods and personal fulfillment, economic freedom makes all the difference in the world. One country that proved that convincingly is New Zealand.
Situated in the South Pacific midway between the equator and the South Pole, New Zealand is just two-thirds the size of California and 86 [...]
To Own Or Be Owned — That Is The Question
At the very center of the never-ending debate between those who support capitalism and those who support socialism is this: property. Should it be „owned” and if so, by whom?
The fact is, „ownership” as a general concept is never at issue in any society. It is neither possible nor desirable to construct a society in [...]
What Inflation is and Where it Comes From
“Government,” observed the renowned Austrian economist Ludwig von Mises, “is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink.”
Mises was describing the curse of inflation, the process whereby government expands a nation’s money supply and thereby erodes the value of each monetary unit—dollar, peso, pound, franc, [...]
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