Articles by Bob Formaini

From German Dawn to Decadence

Germany's economic performance in the past decade or so has been marked by slow GDP and productivity growth, weak job creation, high unemployment and low rates of return on investment. Japan and many of the rest of Europe's mature... Read More

Is Milton Friedman a Utopian?

Richard Parker's February 6th Boston Globe article "The Pragmatist and the Utopian" is an interesting comparison between legendary economists John Kenneth Galbraith and Milton Friedman. In the article, Parker gives a long history of what he sees as the relationship Read More

'Any Way You Look At It, You Lose'

Now that Bill Clinton's aptly-named "permanent campaign" has resulted in another passed election, followed of course by another permanent campaign until the 2008 election, it's a good time to step back and examine a commonly argued, yet totally fallacious, concept, Read More

When Liberals Demand Irrefutable Evidence

Old documents are suddenly revealed that, given their nature and the timing of their production, they have a "rabbit-from-a-hat" flavor. Technological questions arise about whether the documents can possibly be authentic as dated. A huge national scandal involving Read More

A Modest Plea for Pollution Control

It is now a well-accepted principle that governments can, through central regulatory control, protect us from whatever it decides is "pollution." The word pollution is not a scientific term; pollution is whatever the people who control discourse on this... Read More

Life and Taxes

"If my memory serves me, and I think it does," as Chairman Kaga says on the Iron Chef each night (Food Channel, 11:00 PM, EDT) Jimmy Carter once opined that America's tax system was a "national disgrace." Now, I... Read More

Are We Serfs?

This year is the 60th anniversary of the publication of one of the 20th century's most influential books, Friedrich Hayek's The Road to Serfdom (hereafter, TRTS). Milton Friedman, speaking at a recent conference held at the Dallas Federal Reserve... Read More

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