Political Theory

Recorded at the 2003 Supporters Summit: Prosperty, War, and Depression.

(28:35)

Recorded at Mises University 2001.

Robert Higgs critically examines how academic historians have shaped—and often distorted—our understanding of the relationship between the state and individual liberty.

The Progressive Era covered the turn of the 19th-20th centuries until about WWI. It delivered such delights as the Federal Reserve. Accelerated statism with a philosophical veneer favored experts on boards making economic decisions efficiently. This era birthed the regulatory state.

John Denson argues wars are sold with patriotic myths—then used to centralize power—and that honest history is the antidote to the “imperial presidency” and permanent war.

This is a federal constitution. Federalism is the most important idea for liberty. You must maximize your choices and you need meaningful choices, made against a cultural background. Federalism requires such moral correctness that it makes it the most difficult system to maintain. Federalism always fights consolidation.

Recorded at the Mises Institute, May 1994.

Economic theory is essential for understanding history. It is difficult to interpret data without economic theory. Theory cannot come from data. All states are aggressive. All wars require economic resources. More liberal states will pursue more aggressive policies. The biggest bullies will get away with murder.

Free markets shift resources from where they are less valued to where they are most valued, benefiting consumers. When private property and free markets are allowed to operate, a natural conservation of resources occurs. Nothing is a resource unless it is useful to man.

The 1917 Revolution gave birth to both the reality and the myth of the Bolsheviks and the democratic left. The social democrats rejected the violence which was part of the communist party. They claimed to follow a democratic path to socialism. They turned Marx into a wise man that should not be taken too literally.