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- Interventionism
- Thomas J. DiLorenzo
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Thomas J. DiLorenzo
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Recorded 14 January 2005 at The Trouble with Taxation Conference , Charlottesville, Virginia.
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Author:
Thomas J. DiLorenzo
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Alexander Hamilton wanted the colonies to be just like Britain, but without a king. He pushed mercantilism in America by arguing that public debt was positive and central banking was necessary. High tariffs, especially on manufactured goods, are an almost universal feature of mercantilist policy. Yet it was just that system that the colonists had
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Author:
Thomas J. DiLorenzo
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The myth of antitrust, the myth of the New Deal and labor union myths are three economic fallacies. All three declare that government must save capitalism from itself. The Sherman Antitrust Act was passed to fight supposed rampant cartelization practices in the 1880s. Despite bold statements, there existed no evidence of rampant monopolies. The so
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Thomas J. DiLorenzo
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This second myth about market failure is again a call for interventionism and support for bigger government. Natural monopolies don’t exist. The theory was made up after the fact. The only monopolies existing are those propped up by government privilege. It took the economics profession about sixty years to look closely at the facts behind