In this book, Thomas DiLorenzo calls for a complete rethinking of a central icon of American historiography. He looks at the actions and legacy of Abe Lincoln from an economics point of view to show that Lincoln’s main interest was not in opposing slavery but in advancing mercantilism, inflationism, and government spending: the “American system” of Henry Clay.
Through extensive historical investigation, DiLorenzo shows that the high tariff pushed by Northern industries, at the expense of Southern agriculture, was the main cause of the sectional conflict. Further, Lincoln’s goal in preventing Southern secession was the consolidation of federal power and the collection of revenue, not the elimination of slavery.
Introduction by Walter Williams.
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Thomas DiLorenzo is president of the Mises Institute. He is a former professor of economics at Loyola University Maryland and a longtime member of the senior faculty of the Mises Institute. He is the author or co-author of eighteen books including The Real Lincoln; How Capitalism Saved America; Lincoln Unmasked; Hamilton’s Curse; Organized Crime: The Unvarnished Truth About Government; The Problem with Socialism; and The Politically-Incorrect Guide to Economics.
Dr. DiLorenzo has some words for Secretary Bessent about the true role of the Fed and its record in this open letter.
Dr. DiLorenzo has some words for Secretary Bessent about the true role of the Fed and its record in this open letter.
Competition is a relentless, dynamic process of entrepreneurship and discovery.
