Media and Culture

The Free Market 28, no.11 (July 2010)

John T. Flynn was, if not the very first, then one of the very first few, of the revisionist journalists to write about the New Deal, focusing on both its domestic and its foreign policies. He is the beginning of historical revisionism where the New Deal is concerned.

Hundreds of fans of the Austrian School are joining the campaign, because they realize the wonderful corner into which Krugman would be painted. He will either have to debate Austrian business-cycle theory or explain why a New York City food bank would miss out on $100,000+ in "right-wing" money.

We are born into this world believing that success in anything will be met with praise and acclaim. We are not often told the truth that we see in this film: success is more likely to be met by envy, hate, disparagement, put downs, and loathing, sometimes from the most unexpected sources.

 We are witnessing the fall of the American dream, which has always been about having hope in the future. This is a striking fact of our times, one made even more devastating as we look at the economic fundamentals.

He understood economic relationships, and he saw that such economic concepts as scarcity, price, profit, and investment have implications that go far beyond the scope of economic behavior as ordinarily represented in works of "economic" or "social" fiction.

What if a president took a different direction and sought popularity by expanding rather than reducing liberty?

The wave of bombings and assassinations perpetrated by anarchists during the 1890s was largely a fiction. To some extent, it was frankly invented by sensation-mongering writers who hoped to sell newspapers.

Bailing out Bear Sterns while letting Lehman fail, the two TARP votes, and the incessant clamor about (nonexistent) systemic risk were geared toward bailing out Wall Street firms on the wrong side of housing risk.

In their eagerness to eliminate from history any reference to individuals and individual events, collectivist authors resorted to a chimerical cons