protective tariff to secure a nationwide market from more efficient British competition; merchants who wanted central navigation acts and other subsidies; land speculators, fur traders, and expansionists who wanted an aggressive foreign policy to force the British out of their northwestern forts; southern slave owners
settlements were not needed. Whether by design or not, the effect of Dutch policy was to discourage settlement greatly, and to hamper the development of the on the tip of Manhattan, which had been purchased from the Indians. This arbitrary policy left only a few traders at Fort Orange and only one vessel on the Delaware, of trade; to leave too many individuals in the interior would foster illegal, competitive trading. Second, the Dutch perpetuated a feudal type of land tenure by
the past decade, economists have become more sympathetic to deregulation and free competition, so that superficially denationalizing or allowing free competition in it is simply a curiosity kept in the closet, totally divorced from his concrete policy conclusions. Thus, Greenspan is only in favor of the gold standard if all
in reference to the fiscal action of the government and the entire course of policy therewith connected. For the greater the taxes and disbursements, the greater lived under a one-party state, the Federalists having withered away. With no party competition, there was virtually no pressure for throwing the rascals out. “The major than this frenetic diatribe: that such a system would introduce a bracing wind of competition and of public accountability into the stolid and complacent ranks of the
in reference to the fiscal action of the government and the entire course of policy therewith connected. For the greater the taxes and disbursements, the greater lived under a one-party state, the Federalists having withered away. With no party competition, there was virtually no pressure for throwing the rascals out. “The major than this frenetic diatribe: that such a system would introduce a bracing wind of competition and of public accountability into the stolid and complacent ranks of the
could lead the way in abolishing “the typical evils of the sprawling half-educated competitive capitalism.” Convinced that the United States would attain socialism industry achieved by Herbert Hoover and the Food Administration, the pro-union policy, the high taxes, and the draft were all hailed by the New Republic as an as a means both to that end and also to eliminate the evils of individual competition and “selfishness.” Like his son, David Croly railed at the Jeffersonian
By 1925, the year of the return to gold, British coal was already facing competition of rehabilitated, newly modernized, low-cost coal mines in France, reversing the gold outflow. But England was committed to an unsound, inflationist policy, in stark contrast to the old gold system. And so, Norman tried his best to
where the dispossessed workmen can find jobs. This is termed “ending the unfair competition of nonunion, low-wage labor.” A universal union control and welcome as many members in an industry as possible cloaks their restrictionist policy. Unemployment by Decree The crucial point is that the unions insist on a
as the Nirvana of freely-fluctuating exchange rates (now called “dirty floats”), competitive devaluations, warring currency blocs, exchange controls, tariffs and foreign-exchange market. Other currencies were similarly depreciated. The sensible policy would have been for Britain to return to gold at approximately $3.50, and for world’s major central banks are attempting to “coordinate” monetary and economic policies, harmonize rates of inflation, and fix exchange rates. The militant drive
war against French Canada. If Americans, during the Seven Years’ War, pursued a policy of trading with the enemy, the British bitterly alienated the other countries and England’s overriding maritime interest was to destroy the highly efficient and competitive Dutch shipping. Very early in his reign, James I claimed ownership of the was the highly efficient Dutch shipping, and fellow sufferers from British policy were Spain, Portugal, Sweden, Russia, Naples, Tuscany, Genoa, and Sardinia.
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.