The Forgotten Hazlitt Book
Jeff Deist discusses Hazlitt's radical and controversial ― and virtually unknown ― 1942 book A New Constitution Now, a how-to guide for remaking the US constitutional system.
U.S. History
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The Fed and the Housing Bubble/Bust
By flooding the market with cheap credit, Alan Greenspan pushed interest rates (including mortgage rates) down to artificially low levels. This caused the bubble in house prices and misallocated too many real resources to the housing sector.
If the Election Produces No Clear Winner, the Military Is Definitely Not the Answer
The disputed election of 1876 could have led to another civil war. Fortunately, civilian institutions intervened to create a compromise, and the military was kept out of it.
Carter vs. Reagan: The Last Semi-Intelligent Presidential Race
Jimmy Carter doesn't get credit for his deregulation efforts, but his initiatives probably were as significant a boost to the economy as any president has accomplished since 1980.
Roosevelt’s Fraud at Yalta and the Mirage of the “Good War”
The fact that Yalta can now clearly be seen to have been a betrayal is another reason to be wary when pundits and talk show hosts jump on the bandwagon for the next killing spree abroad.
The Origins of the 2 Percent Inflation Target
Janet Yellen was concerned that low inflation could "paralyze the economy," especially during economic downturns.
Alexander Hamilton: Centralist and Nationalist
If you like high taxes, crony capitalism, central banking, and a central authority that can regulate everything you do, thank Alexander Hamilton.
Alexander Hamilton: Centralist and Nationalist
If you like high taxes, crony capitalism, central banking, and a central authority that can regulate everything you do, thank Alexander Hamilton.
From 9/11 to Covid-19: Nineteen Years of Permanent “Emergency”
Whether we're commanded to trust the experts, abandon the rule of law, or venerate government for "keeping us safe," the 9/11 panic and our current crisis have many things in common.
1920: The Crash That Cured Itself
The “forgotten depression” can still teach us important lessons: that the interventionist and spendthrift state is often more part of the problem than it is of the solution.
