In the wake of Shays' Rebellion, "the ultra-nationalist leader James Madison" looked for "a way to strengthen the power of Congress." The Annapolis Convention was an important first step to building a national leviathan.
Major League Baseball's boycott of Georgia only makes any sense at all if we conflate every single Georgia resident with the regime itself. But in the real world the claim that "we are the government" has always been nonsense.
Private property is an institution central to civilization and beneficial human interaction. When central banks distort this institution with easy money, the social effects can be disastrous.
Shays' Rebellion was used by counterrevolutionaries like Alexander Hamilton to push the new centralist constitution of 1787. But Jefferson, on the contrary, concluded such uprisings were "medicine necessary for the sound health of government.”
After the economic disaster created by the lockdowns, media chattering heads still have the gall to claim that too little government and spending caused the crisis.
As one settler put it, "All mankind … have an undoubted right to pass into every vacant country, and to form their constitution, and … Congress is not empowered to forbid them." Unfortunately, Congress had good reasons not to acknowledge this.
The new covid relief bill signals that whatever restraint on public spending existed before 2020 is now all but gone. And the bill represents the beginning of a new era: an era that can be likened to that of the New Deal.
"The Fed is arsonist and fireman all rolled up into one," says James Grant.
The new covid relief bill signals that whatever restraint on public spending existed before 2020 is now all but gone. And the bill represents the beginning of a new era: an era that can be likened to that of the New Deal.
Most of the economic groups in the 1780s favored inflation: the main problem was in determining which groups would obtain the enjoyment of the newly created money.
