The “Nixon Shock” Was Only the Final Nail in the Coffin of the Gold Dollar
Bob gives a brief history of money in the United States, explaining that the dollar was much “harder” in, say, 1810 than it was in 1910.
U.S. History
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Paranoia about American Weakness Rests on a Flawed Understanding of History
Victor Davis Hanson's cartoonish conception of how foreign states act is not supported by history and contributes to the US government’s insane defense expenditures and destructive crusades around the globe.
The Pentagon and the Generals Wanted This Disastrous War
It's not just the civilian politicians. For twenty years, the military itself pressed for more war, endlessly claiming that victory was right around the corner.
Paranoia about American Weakness Rests on a Flawed Understanding of History
Victor Davis Hanson's cartoonish conception of how foreign states act is not supported by history and contributes to the US government’s insane defense expenditures and destructive crusades around the globe.
The Crime of ‘71: When Nixon Ended the Dollar’s Last Connection to Gold
Nixon's decision to end the gold redeemability of the greenback was probably the most comprehensive act of monetary expropriation of modern times.
Cronyism: Liberty versus Power in Early America, 1607–1849
From the Introduction to Cronyism: Liberty versus Power in Early America, 1607–1849. The present book is an economic and political history of early America, describing government policies and their effects on marketplace activity. In particular...
The Pentagon and the Generals Wanted This Disastrous War
It's not just the civilian politicians. For twenty years, the military itself pressed for more war, endlessly claiming that victory was right around the corner.
Private Investment Is the Answer to Declining Postindustrial Towns
Many people want the state to take the lead in revitalizing run-down towns. How does this make sense, when it is private industry that conceived these towns in the first place?
Don’t Be Fooled by the Latest Employment Report
Rising employment is certainly good news for the economy and living standards, but there is much more to this story that is concerning for the economy.
The Seen and the Unseen of Government R&D
While it’s easy to fixate on the handful of success stories, the litany of government innovation failures should be enough to sober up even the most enthusiastic proponent of state-backed entrepreneurship.
