In understanding history, more is required than just a litany of facts. An explanatory framework is needed—a theory or argument concerning the significance and interrelationships between those facts, or a “model” as Robert Higgs put it:

Before she became a U.S. senator and then President Joe Biden’s vice president, Kamala Harris was a progressive California politician.

It’s been a big week for “the data.” At Wednesday’s FOMC press conference, Fed Chair Jerome Powell announced that the Fed was holding its policy interest rate steady at the current 4.5 percent.

[Buckley: The Life and the Revolution That Changed America by Sam Tanenhaus (Random House 2025)]

[Individualism and Economic Order by F.A. Hayek (Ludwig von Mises Institute 2009 [1948]; vii + 272 pp.)