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The Free Market and its Enemies: Pseudo-Science, Socialism, and Inflation

In the summer of 1951, Mises, as he did every year, gave a series of lectures at the Foundation for Economic Education. Bettina Bien Greaves took word for word shorthand notes at those lectures and they are transcribed in this collection. The nine lectures included here cover the foundations of economics, the nature of economics, socialism, the achievements of capitalism, and three lectures devoted to monetary theory, inflation, and business cycles. Delivered just two years after the publication of Human Action, these lectures are Mises the teacher in his prime, making economics understandable for the interested citizen.

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The House That Uncle Sam Built by Steven Horwitz & Peter Boettke
By Steven Horwitz & Peter Boettke The Great Recession (or the Great Hangover) that began in 2008 did not have to happen. Its causes and consequences are not mysterious. Indeed, this particular and very painful episode affirms what the best nonpartisan economists have tried to tell our politicians and policy-makers for decades, namely, that the [...]

20 Comments »

  1. [...] Horwitz and Peter Boettke, – FEE – “The Great Recession (or the Great Hangover) that began in 2008 did not have to [...]

  2. [...] Horwitz and Peter Boettke have an essay on the housing bubble – just published by FEE. The Great Recession (or the Great Hangover) that began in 2008 did not have to happen. Its causes [...]

  3. [...] Foundation For Economic Education (FEE) presents The House That Uncle Sam Built, an excellent synopsis of the government’s role in the housing boom and bust.  Authors are [...]

  4. [...] “The House That Uncle Sam Built” by Steven Horowitz and Peter Boettke for a good rundown of what actually caused the housing [...]

  5. [...] The entire essay is available as a pdf here. [...]

  6. [...] Given the enormous role that government interventions played in causing the current recession, from the expansionary policies of the Fed to GSEs like Fannie and Freddie, to misguided [...]

  7. [...] Given the enormous role that government interventions played in causing the current recession, from the expansionary policies of the Fed to GSEs like Fannie and Freddie, to misguided [...]

  8. [...] Professors Peter Boettke and Steven Horwitz, co-authors of the recent FEE monograph “The House That Uncle Sam Built,” about what led to the financial meltdown and the Great Recession of [...]

  9. [...] new paper out applying a Hayekian view to the latest boom-and-bust cycle. It’s titled “The House that Uncle Sam Built,” and it’s worth [...]

  10. [...] The House That Uncle Sam Built | Foundation for Economic Education (tags: FEE recession economics banking finance crisis housing credit GMU Boettke) [...]

  11. [...] happened.  The article can be found on the website of FEE (Foundation for Economic Education) at http://fee.org/doc/the-house-that-uncle-sam-built/ and is reproduced in PDF format here:  HouseUncleSamBuiltBooklet [...]

  12. [...] More is here in “The House That Uncle Sam Built.” [...]

  13. [...] undermining economic well-being.  (I’ve been a career-long critic of the Fed, especially about its role in causing the current recession.)  What I am arguing is that the source of the problems they cause is not the evil intentions of [...]

  14. [...] idiots, full of sound and fury, signifying nothing.  Rather than address the systemic distortions created by prior government policies, and which caused the financial meltdown, policy makers are now “[putting] a lot of faith in [...]

  15. [...] idiots, full of sound and fury, signifying nothing.  Rather than address the systemic distortions created by prior government policies, and which caused the financial meltdown, policy makers are now “[putting] a lot of faith in the [...]

  16. [...] and bust of the business cycle are products of misguided government monetary and fiscal policies.  The recession we are now experiencing could have been avoided had the Fed not driven interest rates down too low after 9/11 and had other [...]

  17. [...] Horwitz and Boettke’s “The House that Uncle Sam Built” for an excellent explanation of just how government policy did this leading up to the recent [...]

  18. [...] seen systematic deregulation of banking and finance.  As Peter Boettke and I document in our essay “The House that Uncle Sam Built,” the ratio of legislation that increased regulation to legislation that decreased it is about 4:1.  [...]

  19. [...] people they are said to help, but still they remain, and are constantly increased. We know that government meddling in the housing market contributed to the economic collapse, yet the very same policies continue [...]

  20. [...] It Just Ain't So! by Steven Horwitz Can The Feds Save The Housing Market? by Robert P. Murphy The House That Uncle Same Built by Steven Horwitz & Peter Boettke The Neglected Factor in the Housing "Bubble" by [...]

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