The blogger Bionic Mosquito has a post relating to today’s Mises Daily article on fractional reserve. Mosquito makes that point that modern deposit contracts are not bailments, with the depositor retaining ownership. Instead, the individual depositor in effect enters into a short term credit agreement with the bank.
Leonard Liggio reviews Isolationism America, 1935-1941 by Manfred Jonas. Like so much recently published scholarship Isolationism America is superficial. For the sake of general reader interest the material has not been treated with the exhaustive consideration that the topic deserves. There is a great deal of important material that is absent. Nevertheless, Jonas’s book is clearly a major break-through.
The advantage of The War in Vietnam (the controversial Republican White Paper Prepared by the staff of the Senate Republican Policy Committee) is that it seeks to understand the realities both of the recent history of the Vietnamese people and of the present political situation. Against these facts the Republicans re-examine the U.S. intervention in Vietnam.
The first teach-in developed at the University of Michigan. It was held on March 24, 1965 in response to the sustained bombing of the Democratic Republic of Vietnam by the US government. This teach-in was organized by the students and faculty at the University of Michigan.
Frank S. Meyer is by far the most intelligent, as well as the most libertarian-inclined, of the National Review stable of editors and staff.
Do we now have the Third Culture that C. P. Snow saw coming to life? It would appear so. A good deal of work is currently being produced by a mixed group of scholars and intellectuals who are concerned with the problems of science and civilization and anxious to remedy the isolation and intellectual fragmentation that have arisen from intense specialization. Professor Tullock’s absorbing book, The Organization of Inquiry, falls into this general category.
Confining our attention to large scale slavery, we find that it is historically quite a rare phenomenon. There seem to be only two significant examples: the Greek-Roman classical world and the system which grew up on the East Coast of the Americas from Brazil to Virginia. This is in spite of the fact that slavery has been a minor feature in very many places and times. The legal and social institutions for slavery have been quite common historically, but only twice have they been utilized on a major scale for a significant period of time.
Lysander Spooner has many great distinctions in the history of political thought. For one thing, he was undoubtedly the only constitutional lawyer in history to evolve into an individualist anarchist; for another, he became steadily and inexorably more radical as he grew older. From the time that Benjamin R. Tucker founded the scintillating periodical, m,in 1881, Spooner and Tucker were the two great theoreticians of the flourishing individualist anarchist movement, and this continued until Spooner’s death in 1887, at the age of 79.
