Archive for Joseph T. Salerno
Ted Koppel Needs Antitrust Protection?
William Safire prefers hard news to jokes on late-night television–and he is willing to roll out the coercive power of the federal antitrust police to impose his preferences on American TV viewers and stockholders of telecommunications firms. Generally the grumblers and malcontents who object to the outcomes of the free market typically do so on [...]
1Aug2002 | Joseph T. Salerno | 0 comments | ContinuedTax Cuts Cause Trade Deficits and Currency Depreciation?
In a recent New York Times opinion piece Franco Modigliani and Robert M. Solow, Nobel Prize-winning economists, weighed in with yet another leftist objection to President Bush’s tax cut. The gist of their criticism is that such a “massive, permanent tax cut” will worsen the international economic position of the United States, leading to a [...]
1Aug2001 | Joseph T. Salerno | 1 comment | ContinuedInflation and Money: A Reply to Timberlake
Joseph Salerno is a professor of economics in the Lubin School of Business at the Pace University. In his reply to my October 1999 Freeman: Ideas on Liberty article, Richard Timberlake fails to address or misconstrues most of the substantive issues I raised in my comment on his earlier three articles. Space constraints, however, permit [...]
1Sep2000 | Joseph T. Salerno | 0 comments | ContinuedAntitrust Protects Competition?
Conservative William Safire’s column “The Curse of Bigness” (New York Times, December 13, 1999) is dedicated to “exploding myths” allegedly spread by MCI, WorldCom, Sprint, and other large firms seeking government approval for prospective mergers that will serve to magnify their market power. Satire opens innocuously enough with the comfortable platitude that “Competition is the [...]
1Apr2000 | Joseph T. Salerno | 0 comments | ContinuedMoney and Gold in the 1920s and 1930s: An Austrian View
Joseph Salerno is a professor of economics in the Lubin School of Business at Pace University. In consecutive issues of The Freeman, Richard Timberlake has contributed an interesting trilogy of articles advancing a monetarist critique of the conduct of U.S. monetary policy during the 1920s and 1930s.[1] In the first of these articles, Timberlake disputes [...]
1Oct1999 | Joseph T. Salerno | 7 comments | ContinuedBook Review: A Trade Policy for Free Societies: The Case Against Protectionism by Robert W. McGee
Quorum Books, Westport, Conn. 1995 197 pages $55.00 For over two centuries, economists have argued that protectionism is a policy designed to “protect” not consumers and workers at large but special interests, namely, inefficient domestic firms and their often highly paid and unionized labor forces. “Protecting the American economy” from cheap foreign imports of agricultural [...]
1Dec1995 | Joseph T. Salerno | 0 comments | Continued-
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