Economic History
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FDR’s Raw Deal for African Americans
“The indictment of the New Deal’s treatment of blacks could go on for many more pages. Suffice it to say here that the New Deal was a raw deal for Americans, especially African Americans.” ~ Robert E. Wright
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The 1619 Project’s Confusion on Capitalism
“A pervasive sense of confusion characterizes Hulu’s new 1619 Project episode on ‘capitalism,’ beginning with the basic definition of its titular term.” ~ Phillip W. Magness
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Recessions and Economic Freedom
“This global retreat in economic freedom is worrisome. It means that economic crises are going to be longer and more painful. Thus, they are more likely to result in political backlash. Defenders of economic freedom should bear this in mind when they emphasize how important that freedom is.” ~ Vincent Geloso
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The Federal Reserve Accountability Act in Light of 333 Years of American Experiments
“By making the Fed so much more controlled by Washington, and removing even the appearance of private-sector influence, the proposed amendment could fatally weaken the Fed’s political legitimacy.” ~ Dror Goldberg
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Freedom’s Future Requires Understanding the Past
“When confronted with issues regarding the necessary extent of the state, liberty-lovers need not rely solely on economic theory, nor hypotheticals, because the historical record often can light the proper path towards smaller, more-efficient government.” ~ Robert E. Wright
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Risky Business: A Review
“Risky Business will appeal to readers more interested in selection markets than in real-world insurance products, and to people with a high tolerance for ahistorical assumptions about the need for detailed insurance regulation and other government market interventions.” ~ Robert E. Wright
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Henry Clay’s “American System” Is Bad News for the American Economy
“The American System’s modern rehabilitators conveniently leave out the fact that every time it was tried in the 19th and early 20th centuries, Clay’s program unleashed a torrent of preventable policy disasters.” ~ Phillip W. Magness & James R. Harrigan
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The Governmentalization of Social Affairs
“More liberty means less government, and less government means less miserableness, servility, fickleness, hypocrisy, denial, mendacity, baseness, and degeneracy. Liberal backbone checks the evil that is the governmentalization of social affairs.” ~ Daniel B. Klein
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When Lenin Read a Book on Marx
“It is no small irony that Hobsbawm’s qualitative investigation of Marx’s dissemination and spread now finds empirical validation in the unlikeliest of sources: our econometric analysis of the Soviet revolution’s effects on Marx’s citation patterns after 1917.” ~ Phillip W. Magness
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Bank and Crypto Runs: F(ac)TX vs Fiction
“Despite the historical record, ever since Diamond and Dybvig published their article, many if not most economists have tended to view every financial firm collapse as a ‘Diamond Dybvig Moment.'” ~ George Selgin
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FDR’s Raw Deal for African Americans
“The indictment of the New Deal’s treatment of blacks could go on for many more pages. Suffice it to say here that the New Deal was a raw deal for Americans, especially African Americans.” ~ Robert E. Wright
-
•
The 1619 Project’s Confusion on Capitalism
“A pervasive sense of confusion characterizes Hulu’s new 1619 Project episode on ‘capitalism,’ beginning with the basic definition of its titular term.” ~ Phillip W. Magness
-
•
Recessions and Economic Freedom
“This global retreat in economic freedom is worrisome. It means that economic crises are going to be longer and more painful. Thus, they are more likely to result in political backlash. Defenders of economic freedom should bear this in mind when they emphasize how important that freedom is.” ~ Vincent Geloso
-
•
The Federal Reserve Accountability Act in Light of 333 Years of American Experiments
“By making the Fed so much more controlled by Washington, and removing even the appearance of private-sector influence, the proposed amendment could fatally weaken the Fed’s political legitimacy.” ~ Dror Goldberg
-
•
Freedom’s Future Requires Understanding the Past
“When confronted with issues regarding the necessary extent of the state, liberty-lovers need not rely solely on economic theory, nor hypotheticals, because the historical record often can light the proper path towards smaller, more-efficient government.” ~ Robert E. Wright
-
•
Risky Business: A Review
“Risky Business will appeal to readers more interested in selection markets than in real-world insurance products, and to people with a high tolerance for ahistorical assumptions about the need for detailed insurance regulation and other government market interventions.” ~ Robert E. Wright
-
•
Henry Clay’s “American System” Is Bad News for the American Economy
“The American System’s modern rehabilitators conveniently leave out the fact that every time it was tried in the 19th and early 20th centuries, Clay’s program unleashed a torrent of preventable policy disasters.” ~ Phillip W. Magness & James R. Harrigan
-
•
The Governmentalization of Social Affairs
“More liberty means less government, and less government means less miserableness, servility, fickleness, hypocrisy, denial, mendacity, baseness, and degeneracy. Liberal backbone checks the evil that is the governmentalization of social affairs.” ~ Daniel B. Klein
-
•
When Lenin Read a Book on Marx
“It is no small irony that Hobsbawm’s qualitative investigation of Marx’s dissemination and spread now finds empirical validation in the unlikeliest of sources: our econometric analysis of the Soviet revolution’s effects on Marx’s citation patterns after 1917.” ~ Phillip W. Magness
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•
Bank and Crypto Runs: F(ac)TX vs Fiction
“Despite the historical record, ever since Diamond and Dybvig published their article, many if not most economists have tended to view every financial firm collapse as a ‘Diamond Dybvig Moment.'” ~ George Selgin