About
Who We Are
Centers
Fellows
Authors
Board of Directors
Board of Advisors
Staff
Awards Won by Independent
What Others Are Saying About Us
The Alexis De Tocqueville Award
California Golden Fleece
®
Awards
The Lighthouse Logo
Careers
Contact
Finances
Blogs
The Beacon
Catalyst
Voces de Libertad
Issues
Recommended Readings
COVID-19
Culture and Society
Defense and Foreign Policy
Economy
Education
Energy and the Environment
Entitlements and Welfare
Government and Politics
Health and Healthcare
Housing and Homelessness
International Economics and Development
Law and Liberty
Philosophy and Religion
Regulation
Taxes and Budget
News
News
Commentary Articles
Media Alerts
News Releases
Multimedia
Video
Audio
Podcast: Independent Outlook / Conversations
Podcast: The Independent with Scott Atlas
Love Gov
Events
Upcoming and Recent Events
Past Events
Publications
Books
The Independent Review
California Golden Fleece
®
Awards
Policy Reports
Comparative Cultures Ethnic Studies Curriculum
The Lighthouse
®
(Email Newsletter)
Annual Reports
Commentary Articles
News Releases
Executive Summaries
Independent
(Quarterly Newsletter)
Published Papers
Working Papers
Course Adoption Program
Store
Overview
Independent Books
LibertyTree Press Books
Non-Independent Books
Subscribe to
The Independent Review
Single Issues of
The Independent Review
Event DVDs
Customer Account Login
Donate
Make a Donation
Other Ways to Give
Membership Benefits
Leave a Legacy
David J. Theroux Chair Endowment Fund
Your Dollars at Work
Donor’s Bill of Rights
Finances
Contact
En Español
En Español
The Power of Independent Thinking
About
About
Centers
Fellows
Authors
Board of Directors
Board of Advisors
Staff
Awards Won by Independent
What Others Are Saying About Us
The Alexis De Tocqueville Award
California Golden Fleece
®
Awards
The Lighthouse Logo
Careers
Contact
Finances
Blogs
Blogs
The Beacon
Catalyst
Voces de Libertad
Issues
Issues
Recommended Readings
Presented by Williamson Evers, Ph.D.
COVID-19
Culture and Society
Defense and Foreign Policy
Economy
Education
Energy and the Environment
Entitlements and Welfare
Government and Politics
Health and Healthcare
Housing and Homelessness
International Economics and Development
Law and Liberty
Philosophy and Religion
Regulation
Taxes and Budget
News
News
Commentary Articles
Media Alerts
News Releases
Multimedia
Multimedia
Video
Audio
Podcasts:
Independent Outlook / Conversations
The Independent with Scott Atlas
Love Gov
Events
Events
Upcoming and Recent Events
Past Events
Publications
Publications
Books
The Independent Review
(Quarterly Journal)
California Golden Fleece
®
Awards
Policy Reports
Comparative Cultures Ethnic Studies Curriculum
The Lighthouse
®
(Email Newsletter)
Annual Reports
Commentary Articles
News Releases
Executive Summaries
Independent
(Quarterly Newsletter)
Published Papers
Working Papers
Course Adoption Program
Store
Store
Independent Books
LibertyTree Press Books
Non-Independent Books
Subscribe to
The Independent Review
Single Issues of
The Independent Review
Event DVDs
Customer Account Login
Donate
Donate
Other Ways to Give
Membership Benefits
Leave a Legacy
David J. Theroux Chair Endowment Fund
Your Dollars at Work
Donor’s Bill of Rights
Finances
Contact
← PUBLICATIONS
Publications
›
The Independent Review
›
Winter 2002/03 Issue
Volume 7 Number 3 • Winter 2002/03
Subscribe
Buy This Issue
Get the App
Browse Issues:
-- Select an Issue --
Volume 29 Number 2 • Fall 2024
Volume 29 Number 1 • Summer 2024
Volume 28 Number 4 • Spring 2024
Volume 28 Number 3 • Winter 2023/24
Volume 28 Number 2 • Fall 2023
Volume 28 Number 1 • Summer 2023
Volume 27 Number 4 • Spring 2023
Volume 27 Number 3 • Winter 2022/23
Volume 27 Number 2 • Fall 2022
Volume 27 Number 1 • Summer 2022
Volume 26 Number 4 • Spring 2022
Volume 26 Number 3 • Winter 2021/22
Volume 26 Number 2 • Fall 2021
Volume 26 Number 1 • Summer 2021
Volume 25 Number 4 • Spring 2021
Volume 25 Number 3 • Winter 2020/21
Volume 25 Number 2 • Fall 2020
Volume 25 Number 1 • Summer 2020
Volume 24 Number 4 • Spring 2020
Volume 24 Number 3 • Winter 2019/20
Volume 24 Number 2 • Fall 2019
Volume 24 Number 1 • Summer 2019
Volume 23 Number 4 • Spring 2019
Volume 23 Number 3 • Winter 2018/19
Volume 23 Number 2 • Fall 2018
Volume 23 Number 1 • Summer 2018
Volume 22 Number 4 • Spring 2018
Volume 22 Number 3 • Winter 2017/18
Volume 22 Number 2 • Fall 2017
Volume 22 Number 1 • Summer 2017
Volume 21 Number 4 • Spring 2017
Volume 21 Number 3 • Winter 2016/17
Volume 21 Number 2 • Fall 2016
Volume 21 Number 1 • Summer 2016
Volume 20 Number 4 • Spring 2016
Volume 20 Number 3 • Winter 2015/16
Volume 20 Number 2 • Fall 2015
Volume 20 Number 1 • Summer 2015
Volume 19 Number 4 • Spring 2015
Volume 19 Number 3 • Winter 2014/15
Volume 19 Number 2 • Fall 2014
Volume 19 Number 1 • Summer 2014
Volume 18 Number 4 • Spring 2014
Volume 18 Number 3 • Winter 2013/14
Volume 18 Number 2 • Fall 2013
Volume 18 Number 1 • Summer 2013
Volume 17 Number 4 • Spring 2013
Volume 17 Number 3 • Winter 2012/13
Volume 17 Number 2 • Fall 2012
Volume 17 Number 1 • Summer 2012
Volume 16 Number 4 • Spring 2012
Volume 16 Number 3 • Winter 2011/12
Volume 16 Number 2 • Fall 2011
Volume 16 Number 1 • Summer 2011
Volume 15 Number 4 • Spring 2011
Volume 15 Number 3 • Winter 2010/11
Volume 15 Number 2 • Fall 2010
Volume 15 Number 1 • Summer 2010
Volume 14 Number 4 • Spring 2010
Volume 14 Number 3 • Winter 2009/10
Volume 14 Number 2 • Fall 2009
Volume 14 Number 1 • Summer 2009
Volume 13 Number 4 • Spring 2009
Volume 13 Number 3 • Winter 2008/09
Volume 13 Number 2 • Fall 2008
Volume 13 Number 1 • Summer 2008
Volume 12 Number 4 • Spring 2008
Volume 12 Number 3 • Winter 2007/08
Volume 12 Number 2 • Fall 2007
Volume 12 Number 1 • Summer 2007
Volume 11 Number 4 • Spring 2007
Volume 11 Number 3 • Winter 2006/07
Volume 11 Number 2 • Fall 2006
Volume 11 Number 1 • Summer 2006
Volume 10 Number 4 • Spring 2006
Volume 10 Number 3 • Winter 2005/06
Volume 10 Number 2 • Fall 2005
Volume 10 Number 1 • Summer 2005
Volume 9 Number 4 • Spring 2005
Volume 9 Number 3 • Winter 2004/05
Volume 9 Number 2 • Fall 2004
Volume 9 Number 1 • Summer 2004
Volume 8 Number 4 • Spring 2004
Volume 8 Number 3 • Winter 2003/04
Volume 8 Number 2 • Fall 2003
Volume 8 Number 1 • Summer 2003
Volume 7 Number 4 • Spring 2003
Volume 7 Number 3 • Winter 2002/03
Volume 7 Number 2 • Fall 2002
Volume 7 Number 1 • Summer 2002
Volume 6 Number 4 • Spring 2002
Volume 6 Number 3 • Winter 2001/02
Volume 6 Number 2 • Fall 2001
Volume 6 Number 1 • Summer 2001
Volume 5 Number 4 • Spring 2001
Volume 5 Number 3 • Winter 2000/01
Volume 5 Number 2 • Fall 2000
Volume 5 Number 1 • Summer 2000
Volume 4 Number 4 • Spring 2000
Volume 4 Number 3 • Winter 1999/00
Volume 4 Number 2 • Fall 1999
Volume 4 Number 1 • Summer 1999
Volume 3 Number 4 • Spring 1999
Volume 3 Number 3 • Winter 1998/99
Volume 3 Number 2 • Fall 1998
Volume 3 Number 1 • Summer 1998
Volume 2 Number 4 • Spring 1998
Volume 2 Number 3 • Winter 1997/98
Volume 2 Number 2 • Fall 1997
Volume 2 Number 1 • Summer 1997
Volume 1 Number 4 • Spring 1997
Volume 1 Number 3 • Winter 1996/97
Volume 1 Number 2 • Fall 1996
Volume 1 Number 1 • Spring 1996
Previous Issue: Fall 2002 »
« Newer Issue: Spring 2003
In this issue...
Articles
Prophecy de Novo: The Nearly Self-Fulfilling Doomsday Forecast
By Craig S. Marxsen
Bagehot’s Lender of Last Resort: A Hollow Hallowed Tradition
By John H. Wood
Can the Internet Promote Open Global Societies?
By Douglas A. Houston
What Is Systemic Risk, and Do Bank Regulators Retard or Contribute to It?
By George G. Kaufman, Kenneth E. Scott
My Time with Supply-Side Economics
By Paul Craig Roberts
Controversy
Has Fractional-Reserve Banking Really Passed the Market Test?
By Jorg Guido Hulsmann
Accounting for Fractional-Reserve Banknotes and Deposits—or, What’s Twenty Quid to the Bloody Midland Bank?
By Lawrence H. White
Review Essays
Economics, Love, and Family Values: Nancy Folbre and Jennifer Roback Morse on the Invisible Heart
By A.M.C. Waterman
Psychiatry’s Gentleman Abolitionist
By Robert A. Baker
Book Reviews
Dependent on D.C.: The Rise of Federal Control over the Lives of Ordinary Americans
By Charlotte A. Twight
Reviewed by James L. Payne
Up in Smoke: From Legislation to Litigation in Tobacco Politics
By Martha A. Derthick
Reviewed by Robert Heineman
Medicare’s Midlife Crisis
By Sue A. Blevins
Reviewed by Charlotte Twight
Putting “Defense” Back into U.S. Defense Policy: Rethinking U.S. Security in the Post–Cold War World
By Ivan Eland
Reviewed by Lawrence J. Korb
Big Government and Affirmative Action: The Scandalous History of the Small Business Administration
By Jonathan J. Bean
Reviewed by Paul Moreno
More Issues
Fall 2024
Summer 2024
Spring 2021
Summer 2018
Subscribe
Buy This Issue
Get the App
Dependent on D.C.: The Rise of Federal Control over the Lives of Ordinary Americans
Up in Smoke: From Legislation to Litigation in Tobacco Politics
Medicare’s Midlife Crisis
Putting “Defense” Back into U.S. Defense Policy: Rethinking U.S. Security in the Post–Cold War World
Big Government and Affirmative Action: The Scandalous History of the Small Business Administration
