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Another position belongs to Nobel Laureate Freiderich Hayek, Professor Murray N. Rothbard and the "Austrians," who agree that we have never had laissez-faire but use the Austrian theory of the business cycle in their analysis. Rothbard and Hayek argue that government intervention, especially the policy of the Federal Reserve in the late '20s, started the cycle which resulted in the Great Depression. In his book America's Great Depression. Rothbard details these interventions and their consequences. Today, Rothbard and Hayek argue, government polices in the '60's started a similar cycle that is the cause of current problems. Friedman...

Author: By Peter J. Ferrara, | Title: What Is Justice? | 4/19/1975 | See Source »

Milk Cartons. Despite the protests, T.U.C. General Secretary Len Murray refused to rescind the invitation. To keep potential demonstrators off balance, the T.U.C. would not disclose when Shelepin's Aeroflot jet would arrive or where he would go. Worried that the Soviet labor leader might be attacked or even assassinated, security agents later dispatched a stand-in resembling the short, heavy-set Russian in a decoy Daimler limousine. He took the brunt of a barrage of umbrellas, milk cartons, bricks and Passover cookies, as the real Shelepin slipped into T.U.C. headquarters through the tradesmen's entrance...

Author: /time Magazine | Title: BRITAIN: Unwanted Guest | 4/14/1975 | See Source »

...JOHN MURRAY CUDDIHY...

Author: /time Magazine | Title: Books: Jews Without Manners | 4/7/1975 | See Source »

...John Murray Cuddihy calls this jag ged meditation a "midrash." The metaphor is apt, for like a Talmudic exegesis, the book is a learned commentary on "sacred" texts, in this case those of the giants of the Jewish Diaspora. As with a midrash, the argument unfolds from a single overriding principle: in this case the bold if cranky notion that from Marx to Freud to Abbie Hoffman, the Jewish intellectual vanguard has been obsessed by embarrassment at its own Jewishness...

Author: /time Magazine | Title: Books: Jews Without Manners | 4/7/1975 | See Source »

...Murray Gross Tucson, Ariz...

Author: /time Magazine | Title: Forum: Cher, to Place and Show | 3/31/1975 | See Source »

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